5,010 SF Medical For Sale — $7,350,000 — 1401 N University Dr, Coral Springs – #83860

Executive Summary
Acquire a well-located boutique office building in the highly sought-after Coral Springs submarket at 1401 North University Drive.
Spanning 49,901 square feet, this six-story Class B property sits on 2.50 acres along the well-traveled University Drive corridor and is currently 78% occupied, offering stable in-place cash flow with significant upside potential for future ownership.
Built in 1986, the property is offered at $7,350,000 ($147.29 per square foot) and delivers a strong NOI of $612,712.22 with an attractive 8.34% cap rate.
Strategically positioned with immediate access to the Florida Turnpike and Sawgrass Expressway, 1401 North University Drive benefits from excellent visibility and connectivity, as well as proximity to numerous restaurants, hotels, shopping centers, and desirable residential communities, making it an exceptional investment opportunity in the heart of Coral Springs.
Please see the more in-depth financial information contained in the attached Offering Memorandum and reach out today to learn more about this rare investment opportunity.

Allowed by right

Any use permitted in a B-1 District (Sec. 250567(1)) - the B-1 uses below are incorporated, Grocery stores, each limited to 20,000 sq ft [B-1 Sec. 250452(1), incorporated by 250567(1)], Stores for new merchandise sold to ultimate consumer, each up to 10,000 sq ft: hardware, bakery, dairy, meat market, dressed poultry shop, bookstore, newsstand, florist, gift/card shop, sundries, notions, tobacco products, antique stores, clothes, jewelry, arts and crafts, picture framing [250452(2)], Personal services up to 2,500 sq ft each: travel agency, barbershop, beauty shop, shoe repair, video rental, postal facilities, consumer electronic repair and small appliance repair, tailoring and alterations, photographic film pickup, laundromat (7am-11pm), dry cleaning for direct customer service, restaurant without drive-through [250452(3)], Print shop up to 2,500 sq ft (plate size 30x42 in; photocopy/diazo/fax/offset duplicator equipment) [250452(4)], Offices up to 20,000 sq ft each: professional, business, medical or dental offices or clinics [250452(5)], Banks and financial institutions, including drive-through, up to 20,000 sq ft each [250452(6)], Indoor commercial recreation limited to martial arts, dance and exercise studios, max 2,500 sq ft, one per commercial center [250452(7)], Nursery school or child center (30 ft from R lands; fenced play lot) [250452(8)], Institutions such as places of worship, libraries, museums and similar facilities [250452(9)], Personal and professional services, including small appliance repair and consumer electronic equipment repair [Sec. 250567(2)], Business and professional offices [250567(3)], Stores for sale of new merchandise, conducted solely within a building, directed primarily to the ultimate consumer [250567(4)], Stores for sale of antiques and used books, furniture and clothing [250567(5)], Dry cleaning establishment for direct service to customers, max 2,500 sq ft gross [250567(6)], Print shop (30x42 in plate; photocopy/diazo/fax/offset duplicator equipment; max 5,000 sq ft) [250567(7)], Indoor commercial recreation incl. assembly hall, night club, bar, tavern, restaurants serving beer/wine/alcohol, theater, bowling alley, miniature golf, skating rink, tennis, racquetball, handball, health clubs and fitness facilities [250567(8)], Amusement center (coin/token machines) only in an enclosed shopping center of 200,000+ sq ft, 500 ft from residential, 1,500 ft from schools, max 2,000 sq ft, one per center [250567(8)(a)-(g)], Theme restaurants [250567(10)], Outdoor commercial recreation limited to tennis, racquetball, squash, handball courts, pools, running tracks (parcel min 4 acres) [250567(11)], Restaurant, night clubs, lounge, and catering [250567(12)], Hotels, motels and time share units (min plot 2 acres; rooms min 300 sq ft) [250567(13)], Nursery schools or child care centers [250567(14)], Trade, professional or other schools conducted solely within a building [250567(15)], Private club, lodge, fraternity and similar uses [250567(16)], Veterinary and animal hospitals (min 2,500 sq ft, no exterior cages, no crematory, boarding ancillary) [250567(17)], Commercial marinas excluding dry-dock facilities [250567(18)], Public transportation dispatch or business office including taxi dispatch (no vehicle parking/storage/repair/depot) [250567(19)], Heliports, helistops and off-heliport landing sites per chapter requirements [250567(20)], Retail sales of swimming pool supplies (enclosed; no bulk Calcium Hypochlorite/Muriatic Acid; no pool maintenance/repair service) [250567(21)], Mixed-use developments per Sec. 250154 (may include certain community residences, recovery communities, congregate living) [250567(22)] - see also conditional 'certain mixed use developments', Corporate park uses, research facilities and laboratories per Sec. 250155 [250567(23)], Vehicle rental offices (max 15 rental vehicles on site, no fueling/service/car wash) [250567(25)]

With special approval

Certain mixed use developments as specified elsewhere in the chapter [Sec. 250568(1)], Buildings or structures exceeding the height limitation, up to 100 ft [250568(2)], Service stations (1 acre min lot, 200 ft frontage, noise and traffic studies; accessory automatic/hand car washes allowed under conditions) [250568(3)], Convenience stores (20,000 sq ft min lot, 150 ft frontage, 65 ft building setback, noise and traffic studies) [250568(4)], Fast food restaurants (noise study and traffic study required) [250568(5)], Large scale retail establishments or combinations in a single building with footprint over 40,000 sq ft [250568(6)], Public or private elementary, junior or senior high schools [250568(7)], Pain management clinics (conditional even where medical clinics/doctors' offices are permitted) [250568(9)], Pharmacies and medical marijuana dispensing facilities not accessory to retail stores exceeding 10,000 sq ft (500 ft separations from schools/parks/worship and each other; surveys required) [250568(10)]