1040 Weston
Weston, Florida
Building
Stats
- Property Type Office - Office Building
- Year built 1989
- Building size (SF) 25,482
- Size (Ac) 1.35
- Price $9,500,000
Overview
Avison Young is pleased to present for sale 1040 Weston, a 25,482 SF class B office property ideally located in the heart of Weston, Florida. The property is 91% leased and boasts an impressive and diverse rent roll with 57% of the space being leased to medical tenants and anchored by JP Morgan Chase. With a 2.1 weighted average lease term, the Property delivers predictable and secure cash flows with an upside that can be achieved by rolling the below market leases to market, where rents are 29% above the average contracted rents.
Highlights
- Boutique office building in historically strong suburban micro market
- Diverse tenant base with 57% leased to recession-proof medical users
-Anchored by A+ credit-rated JP Morgan Chase - 3rd highest deposits in Broward County
- Market rents are 29% above contract rents
- Additional income-generating signage potential
- Superior location with desirable demographics and proximity to large amenity base
- Extremely high barrier-to-entry market
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