University Park Holdings is a Class B office building, This property consists of three (3) office/retail buildings located on South University Drive in Davie, FL. The property is rests on 8 acres of land, 1.8 of which is a small lake behind the property.

There are a total of five buildings side-by-side, the two front buildings are owned by another entity. The properties share certain expenses, which helps reduce some costs for operating the property.

The property is currently 100% leased with current rates of $16.50/ft for the base rent and $6.80/ft for the 2017 CAM charges.

The property is primarily utilized for offices, with tenants such as Allstate Insurance, Chubb Insurance (Combined Insurance), TriSpark Media (1-800-411-PAIN) and United Utility Services having their offices at the property.

Current ownership has invested more than $700,000 in the property over the past two years, including painting and sealing all three buildings, new landscaping and sprinkler systems, new signage, new a/c units, new security and camera systems and tenant improvements for more than 30,000 sq ft of the office space.

Property Details:

* Each building is approximately 18,925 sq ft

* Offices range in size from 500 sq ft to 4,000 sq ft

* Total Lot Size: 8.00 acres

* Property includes a lake at the rear of the property

* Approximately 308 parking spaces

* Property has a large storage shed in the back of the property

* Zoning: CC Commercial Corridor, permits expansive office & retail use

of the property

Recent Improvements to the property include:

* Sealing & painting all three buildings

* New landscaping irrigation system

* New landscaping plan developed and installed

*Security Camera system throughout the property

* New a/c units on approximately 50% of the units

* Newly build-out spaces in excess of 30,000 sq ft, including walls,

electrical, plumbing, restrooms, kitchens and flooring