Office Space
3800-3810 Inverrary Boulevard Fort Lauderdale, FL 33319
Details & Description
Price: $17,250,000
    Marcus & Millichap is proud to present The Corporate Park at Inverrary Office Complex a four story, two building office portfolio comprising of 122,972 square feet of area, situated on 226,947 square feet or 5.21 acres of land. 3800 Inverrary Boulevard consists of approximately 73,000 square feet of area and 3810 Inverrary Boulevard consists of approximately 49,000 square feet of area. 3800-3810 Inverrary was built in 1982 and underwent major renovations in 2011 and 2019. Renovations cost in excess of $3,500,000 and consisted of completely remodeling the executive suite areas, replacement of most AC units, renovating 10 of the 16 common area bathrooms, elevator refurbishment, and interior finishes in most of the suites. The asphalt drive and parking area consists of approximately 331 lined spaces. 3800-3810 Inverrary is constructed of stucco covered masonry.3800-3810 Inverrary is approximately 93% occupied with a mix of professional tenants, with short term leases and below market rents. Inverrary Office Complex is an excellent value-add investment opportunity for an investor looking for upside in leasing and occupancy. This asset is positioned to be well received and strongly sought after by owner uses and investors alike. The subject is in the northern tip of the Plantation office submarket which has shown strong signals of rent growth. Relatively limited building supply and stable demand have created a lucrative environment for this investment. 
    Property Highlights
     Current Occupancy Of Approximately 93% of Professional Tenants, with short-term leases and below-market rents
     Asphalt Drive and Parking area paving area consist of 331 lines spaces
    Listing Agents
    Michael Crocchiola

    O: 786-522-7000
    michael.crocchiola@marcusmillichap.com
    Alex Zylberglait
    Marcus & Millichap
    O: 786-522-7056
    alex.zylberglait@marcusmillichap.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    3800-3810 Inverrary Boulevard

    Fort Lauderdale, FL 33319

    Listing ID: 288633
    3800-3810 Inverrary Boulevard Fort Lauderdale, FL 33319 | for Sale | Photo 1
    Building Size: 122,972 SF
    Lot Size: 5.210 AC
    Land Size: 226,947 SF
    Building $/SF: $140.28
    Land $/SF: $76.01
    Price
    $17,250,000
    Property Highlights
    Two Building Office Portfolio Comprising of 122,972 square feet
    Current Occupancy Of Approximately 93% of Professional Tenants, with short-term leases and below-market rents
    Situated on 226,947 Sq. ft. or 5.21 Acres of Land
    Built in 1982 and Underwent major renovations in 2011 and 2019
    Asphalt Drive and Parking area paving area consist of 331 lines spaces
    Description

    Marcus & Millichap is proud to present The Corporate Park at Inverrary Office Complex a four story, two building office portfolio comprising of 122,972 square feet of area, situated on 226,947 square feet or 5.21 acres of land. 3800 Inverrary Boulevard consists of approximately 73,000 square feet of area and 3810 Inverrary Boulevard consists of approximately 49,000 square feet of area. 3800-3810 Inverrary was built in 1982 and underwent major renovations in 2011 and 2019. Renovations cost in excess of $3,500,000 and consisted of completely remodeling the executive suite areas, replacement of most AC units, renovating 10 of the 16 common area bathrooms, elevator refurbishment, and interior finishes in most of the suites. The asphalt drive and parking area consists of approximately 331 lined spaces. 3800-3810 Inverrary is constructed of stucco covered masonry.

    3800-3810 Inverrary is approximately 93% occupied with a mix of professional tenants, with short term leases and below market rents. Inverrary Office Complex is an excellent value-add investment opportunity for an investor looking for upside in leasing and occupancy. This asset is positioned to be well received and strongly sought after by owner uses and investors alike. The subject is in the northern tip of the Plantation office submarket which has shown strong signals of rent growth. Relatively limited building supply and stable demand have created a lucrative environment for this investment. 

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    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    Fort Lauderdale History of Office Space for Sale

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    Fort Lauderdale Area Market Trends

    Listing Demographics for 3800-3810 Inverrary Boulevard Fort Lauderdale, FL 33319

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population23,197217,184473,623
    Population Median Age413940
    Population by Age0-9 Yrs2718 (11%)27789 (12%)57731 (12%)
    10-19 Yrs2535 (10%)26426 (12%)57253 (12%)
    20-29 Yrs3038 (13%)28979 (13%)62400 (13%)
    30-39 Yrs2992 (12%)29349 (13%)63468 (13%)
    40-49 Yrs2738 (11%)26955 (12%)58995 (12%)
    50-59 Yrs2934 (12%)26992 (12%)61581 (13%)
    60-69 Yrs3037 (13%)25464 (11%)55008 (11%)
    70+ Yrs3205 (13%)25230 (11%)57187 (12%)
    Median HH Income$44,378$44,518$50,824
    Total Household Income< 24K2412 (25%)20806 (26%)38558 (22%)
    25-49K2621 (28%)22397 (28%)45408 (26%)
    50-74K2092 (22%)15355 (19%)32693 (19%)
    75-99K903 (9%)8774 (11%)20704 (12%)
    100-199K1158 (12%)9879 (12%)27677 (16%)
    200K+103 (1%)1336 (1%)5248 (3%)
    Highest Education LevelNo Diploma14362199143175
    Diploma or GED58774840598952
    Some College33762958867947
    Assoc. Degree16351492633387
    Bachelors Degree26592350257503
    Higher Degree16151097029749
    Total Housing Units11,66691,304192,878
    --Owner-Occupied5,34346,363105,707
    --Renter-Occupied3,94532,18564,582
    Owner-Occupied Values< 100K17941414122637
    100-199K17861234027215
    200-299K9051159828081
    300-399K565584216724
    400-499K21917817067
    500K+736613983
    Total Working Age Population18,685172,517380,030
    In Work Force12,132113,670248,625
    Not In Work Force6,55458,847131,406
    Workforce Employed11,354106,036231,950
    Workforce Unemployed7547,54516,418
    Civlian Workforce12,109113,581248,367
    Military Workforce2388257
    Total Households9,28878,547170,288
    Family Households5,58548,527106,909
    Non-Family Households3,70330,02063,379
    Married Couple3,09227,01564,980
    Other Family2,49321,51241,929
    Married w/Child1,1009,84222,813
    Single Male w/Child2772,0784,188
    Single Female w/Child9198,05214,629

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    Florida15,982,378+1818,801,310+1421,517,610+1324,340,457
    Broward County1,623,018+81,748,066+111,942,686+92,120,334

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the asking price for 3800-3810 Inverrary Boulevard in Fort Lauderdale?
    The asking price for 3800-3810 Inverrary Boulevard is $17,250,000
    What is the building size of this Office property in Fort Lauderdale, FL?
    The size of the building/unit at 3800-3810 Inverrary Boulevard in Fort Lauderdale is 122,972 square feet
    How much land does the Fort Lauderdale, FL property at 3800-3810 Inverrary Boulevard include?
    3800-3810 Inverrary Boulevard in Fort Lauderdale includes 5.210 acres of land
    What kind of Office is the propery at 3800-3810 Inverrary Boulevard?
    The property at 3800-3810 Inverrary Boulevard Fort Lauderdale, FL 33319 is listed as a Professional Office property
    What is the population within 1 mile of 3800-3810 Inverrary Boulevard in Fort Lauderdale?
    The population within 1 mile of 3800-3810 Inverrary Boulevard Fort Lauderdale, FL 33319 is 23,197 people.
    Who do I contact for questions about 3800-3810 Inverrary Boulevard?
    You should contact the listing agent, Michael Crocchiola, for any details regarding this commercial listing.

    Closest Commercial Airports

    Airport Distance (mi)
    Fort Lauderdale Hollywood International Airport (FLL) 9
    Miami International Airport (MIA) 26
    Palm Beach International Airport (PBI) 36
    Price
    $17,250,000
    Listing Agent
    Listing Co-Agent
    Michael Crocchiola - CRE Agent at Marcus & Millichap

    Alex Zylberglait

    Independent Agent
    More listings from Michael Crocchiola
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