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7841-7899 Pines BlvdPembroke Pines, FL 33024
College Plaza
Asset ClassRetail
Occupancy42%
Value-Add Power Center - Two (2) Vacant Boxes
overview of deal

Overview

College Plaza is a 98,253 SF multi-tenant retail center at the high-traffic intersection of Pines Boulevard and North University Drive in Pembroke Pines, FL, with daily traffic counts over 95,000. The property spans 8.86 acres and offers 450 parking spaces (4.9/1,000 SF ratio).

 

Currently 42% occupied, the center offers significant value-add potential through lease-up and repositioning, including two vacant big-box spaces totaling 50,984 SF. Many of the existing tenants are on short-term leases at below-market rents, providing immediate upside as rents are brought to market rates. The mix includes dining, retail, medical, and service users, along with a few long-standing tenants that provide stability.

 

With nearly 470,000 residents within five miles and average household incomes above $94,000, College Plaza combines prime visibility, strong demographics, and immediate upside in one of South Florida’s most desirable suburban markets.

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Investment Highlights

Square Feet
98,253
Land
8.86 Acres
Year Built
1974
Occupancy
42%

RARE BIG BOX VACANCY

50,984 SF Contiguous Space

  • 35,984 SF
  • 15,000 SF

Includes Car Wash Outlot

 

Prime Location

  • High-Visibility corner at Pines Blvd & N University Dr - 95,000+ VPD combined traffic

Significant Upside

  • Current occupancy at 43% allows for substantial NOI growth through lease-up.
  • Many tenants are on short term leases paying well below market rents

Strong Demographics

  • 469,525 residents within 5 miles; average household income over $94,000

Large Land Site

  • 8.86 acres
  • 450 parking spaces and strong parking ratio of 4.88/1,000 SF.

Diverse Tenant Mix

  • Restaurants, personal services, medical, and retail uses for stability and draw.

Established Retail Corridor

 

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7841-7899 Pines BlvdPembroke Pines, FL 33024
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Listing provided by Revere CRE