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$5,495,000
Est. payment /mo
23,780 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 23,780 sqft
Price per Sqft $231
MLS Listing ID A11884598
HOA Y/N No
Year Built 1971
Annual Tax Amount $59,943
Lot Size 1.017 Acres
Property Sub-Type Industrial
Property Description
FOR SALE: Rare Industrial Dock-High Warehouse located at 821-841 NW 57th Place in Ft. Lauderdale. Warehouse consists of 23,777 rentable sq. ft. on a 1.02 acre site. Total of 3 Bays that are currently 100% leased. Situated in one of the nation's most affluent and desirable submarkets. Property benefits from strong local demand and has an excellent market position. Although occupancy is stabilized, the Offering provides clear upside: current in-place rents are approximately 20% below prevailing submarket levels. All three leases are NNN with an in place NOI of $344,244.00 +/- . Opportunity for new ownership to raise rents in the future while maintaining the Property's value alternative appeal. Built in 1972 with solid concrete block construction. Additional outside storage for each unit.
Location
State FL
County Broward
Area 3540
Direction Conveniently located off of Powerline Road between Commercial Blvd. & Cypress Creek Road. Immediate access to I-95 & the Florida Turnpike.
Exterior
Private Pool Yes
Building
Story 2
Sewer Public Sewer
Level or Stories Two
Structure Type Block
Others
Tax ID 494210110030
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Listed by Bonvie Realty
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