Office

Cornerstone Corporate Center I

1200 S Pine Island Rd, Plantation, FL, 33324-4413, US

Cornerstone Corporate Center I_Property for Sale

Gallery

Cornerstone Corporate Center I 2_Property for Sale

Asset description

Jones Lang LaSalle Americas Inc. (“JLL”) is pleased to exclusively offer the opportunity to acquire Cornerstone Corporate Center I (the “Property” or the “Building”), a Class A, 80% leased multi-tenant asset located in the highly amenitized Cornerstone Corporate Park in Plantation, FL. Comprised of 170,172 square feet, Cornerstone I boasts a WALT of 3.7 years and high-quality, committed tenancy that includes such investment grade tenants as Marriott International (S&P: BBB), Morgan Stanley (S&P: A-), and MetLife (S&P: A-).


Cornerstone I is perfectly situated at a key access point to the town of Plantation, a vibrant live-work-play community that benefits from exceptional office fundamentals, affluent household demographics, and a myriad of proximate amenities. These highlights, along with the property’s proximity to I-595, parking deck, and exceptional lake and golf course views, marks a rare opportunity to invest in a true Class A, best-in-market suburban office asset in south Florida. Furthermore, the Property’s 3.7 year, multi-tenant WALT offers investors secure, yet diversified income over the medium term, and upside opportunity in the longer term as in-place rents are marked to market.


Adjoining Cornerstone II office building is not part of this offering but is available separately.

Attributes

Building area Net
170,172 sf
Occupancy
80.00%
Year built
1991
Land area Net
9.14 acres (398,138 sf)

Investment highlights

·       Rare, Class A, Trophy Suburban Asset

·       Mark-to-Market Opportunity

·       Average Historical Occupancy Above 91%

·       Long-Term Stability with Investment-Grade Tenancy

·       Strategic Location with Premier Accessibility

·       Park is Now Fully Developed with Complimentary Uses

·       Abundant Amenity Base

·       Value Creation Through Lease-Up and Modernization

·       Future Development Opportunity – Potential Covered Land Play

Cornerstone Corporate Center I 4_Property for Sale
Cornerstone Corporate Center I 4_Property for Sale

Contact brokers

Similar properties

View moreChevron Right
Do you have any questions? Visit our FAQ page
View FAQ PageArrow Right
JLL can help you finance and manage your portfolio. E-Mail us today to see how we can help achieve your ambitions.
Last updated
Nov 15, 2022