Chase Bank Building
Weston, Florida
Building
Stats
- Property Type Office - Office Building, Office - Medical
- Year built 1990
- Building size (SF) 26,782
- Size (Ac) 1.35
- Parking - 120 Spaces - Parking Ratio: 4.6 per 1,000 SF - Four (4) spaces designated for disabled use - Parking lot is currently being sealed & striped and curbs repaired
- Price $8,000,000
- Zoning PDD, Weston
Overview
Highlights
Recession-proof nature of medical industry - over 57% of the property’s GLA and 54% of the tenancy is medical.
Building anchored by JP Morgan Chase Bank which features an S&P credit rating of A+ and a lease term that runs through December 2023.
One vacancy in the building is built-out for a medical tenant.
Building features many long-term tenants that require a Weston address such as the dermatologist, dentist, orthodontist, and Chase Bank that would have very limited options to relocate within Weston.
At $219MM in deposits, this JPMorgan Chase Bank Branch is the third-highest JPMorgan Chase in all of Broward County out of 49 branches.
Above market parking ratio of 4.6/1,000.
Amenities in close proximity to the Property include a Publix-anchored center and Indian Trace Shopping Center which feature a combined total of ten restaurants.
Building signage is available and can be offered as incentive to lease the one remaining vacancy.
