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Proposed Sawgrass Plaza JV Development Opportunity

Property Overview

Price/Rent PSF Inquire
Asset Type Retail
Trade Type Sale
SQ. FT. Available 60000.00
Date Available 06/17/2019
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Description

Location
South side of Commercial Blvd between N University Drive, less than 1/4 mile from N Pine Island Drive. Less than 2 miles East of on and off ramp access to Sawgrass Expressway. Close proximity to Tamarac Village, a two-phase , Mixed Use project with 411-luxury rental units and retail.

Sale
This is a solicitation for a Joint Venture Development partner to complete the development, construction, and stabilization of the "Sawgrass Plaza" multi-tenant retail property. Sawgrass Plaza will contain approximately 60,000 square feet of Net Rentable Area ("NRA"), situated on a 6.4279-acre site that is currently vacant.

Sawgrass Plaza is fully entitled, and is currently 50 percent pre-leased. Located less than two miles east of the Sawgrass Expressway (SR 869) and about one-half mile west of North University Drive (SR 817), the site is within the municipality of Lauderhill, in the western portion of Broward County, Florida.

OFFERING PROCEDURE
The property owner is interested in a joint venture partnership with an experienced and well-capitalized retail developer, and would like to receive joint venture proposals from interested candidates. Secondarily, the property owner may consider an outright sale of the Fee Simple Interest in the site, along with all development approvals, entitlements, architectural, engineering, and pre-leasing.

All interested parties should contact The Lee and Associates advisor(s) presented on the cover page of this Offering Memorandum.

Location (Click here to view the location on the map.)

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The information above is from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice.

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