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Rare Net Lease Building Up for Grabs

MIAMI—“These characteristics have attracted an interesting assortment of national and private investors and developers…”

Recent market statistics show Broward County’s office market is posting positive transaction activity in both sales and leasing as a result of increasing investor and office user demand. Recent market statistics show Broward County’s office market is posting positive transaction activity in both sales and leasing as a result of increasing investor and office user demand.

MIAMI—A 31,677-square-foot single-tenant, net leased free-standing building sitting on 2.07 acres in Lauderhill, FL, is up for grabs. An established charter school currently occupies the office/flex asset.

Located at 3698 Northwest 15th Street, the property offers a unique combination of in-place cash flow and an attractive return on investment, according to Brad Capas, president of CapasGroup Realty Advisors. Charter schools are privately operated, tuition-free and publicly funded to strong, reliable tenants. Since the first charter school opened in Florida in 1996, enrollment has grown dramatically, which the Florida Department of Education reports has nearly doubled in the past seven years.

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Jennifer LeClaire

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