University Shopping Center - Coral Gables
1250 South Dixie Highway, Coral Gables, FL, 33146-2902, US
5 281 mètres carrés
Descriptif
JLL is pleased to exclusively offer the opportunity to acquire Promenade at Coconut Creek, a 296,419 SF LEED Silver-certified, open-air mixed-use lifestyle center situated on 22.94 acres at the commercial core of North Broward County, Florida. The Property is 76.6% leased to a diverse mix of best-in-class retailers, restaurants, fitness, entertainment, and office tenants — anchored by an 11-screen Silverspot Cinema, Guitar Center, and DSW — and is offered free and clear of debt, guided to the high $90M range, stabilizing to a 9.5% return on cost by Year 5.
The Offering presents investors with durable, experiential cash flow paired with a clear, multi-layered value-add thesis: lease-up of available space, mark-to-market of in-place leases averaging 35% below current market rates, and contractual rent escalations across 84% of existing GLA — collectively projecting +119% NOI growth and a 21.6% 5-year CAGR.
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Attributs
Superficie du bâtiment nette
23 173 mètres carrés
Occupation
76,6 %
Année de construction
2008
Superficie du terrain nette
9,28 ha
VALSE
4.6 années
Places de parking
1 457
Média
Points forts de l'investissement
- Zero Competitive Supply - The only open-air mixed-use lifestyle center in North Broward County
- +119% Projected NOI Growth Over 5 Years — Lease-up, mark-to-market, and embedded escalations across 84% of GLA
- Irreplaceable Experiential Tenancy — Silverspot Cinema, Cheesecake Factory, Sephora, Cooper's Hawk, and 40+ best-in-class operators
- Proven Re-Merchandising Momentum — 28,296 SF of new leasing in 30 months at positive rent spreads; active 2026 pipeline in place
- 2,360+ Rooftops at the Front Door — Phase One of $1B+ Mainstreet Coconut Creek broke ground late 2025, directly adjacent
- Dense, Affluent Trade Area — 406,000 residents, $113,748 avg HHI, $12.3B buying power within 15 minutes
Contactez les courtiers
Promenade at Coconut Creek (0 Propriétés)
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Dernière mise à jour
Jun 11, 2026
