BSD Capital is pleased to present a compelling investment opportunity with The CORE Residences Phase I development project. This strategic investment focuses on the critical initial phase of acquiring the property, obtaining entitlements, and preparing construction documents for a premier mixed-use development in Davie Florida.
This offering presents a distinctive opportunity for investors to directly participate in the real estate development value-creation process, with a clearly defined exit strategy following Phase 1 completion. The site plan approval process is approximately six months away from completion, positioning investors to achieve exceptional returns within a relatively short investment timeframe.
The existing 41,000 sq ft office building is anticipated to generate approximately $900,000 annually in net operating income upon full occupancy during the entitlement period. This income stream enhances financial stability and mitigates investment risk during pre-development.
The target property is ideally located on South State Road 7 (US 441), featuring a 41,000 sq ft office building on a 4.92-acre lot. Currently zoned M-1 (Light Industrial), BSD Capital will leverage its expertise to rezone the property to TOC (Transit-Oriented Corridor), significantly increasing its value by permitting the development of:
44 luxurious residential units
51,700 sq ft of Class A retail space
29,300 sq ft of Class A office space
61,300 sq ft of amenity space
1,900 parking spaces