Basics
- Category: CommercialSale
- Type: Industrial
- Status: Active
- Bathrooms: 0
- Floors: 2
- Lot size: 44315, 44315 sq ft
- Year built: 1971
- County: Broward
- Lease Term: ThirtySixMonths
- MLS ID: A11884598
Description
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Description:
POWERLINE INDUSTRIAL MALL 58-27 B LOTS 2,3,4 LESS E 5 BLK 1 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 & desirable submarkets. Property benefits from strong local demand and has an excellent market position. Although occupancy is stabilized, the Offering provides clear upside with current in-place rents that are approximately 20% +/- below prevailing submarket levels. All 3 leases are NNN with an in place NOI of $344,244.00 +/- . Opportunity for new owner 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.
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Location
- Directions: Conveniently located off of Powerline Road between Commercial Blvd. & Cypress Creek Road. Immediate access to I-95 & the Florida Turnpike.
Building Details
- Structure Type: Office,Warehouse
- Sewer: PublicSewer
- Construction Materials: Block
- Covered Spaces: 0
- Levels: Two
- Number Of Buildings: 1
Amenities & Features
- Parking Features: AccessibleParking,Common
- Electric: Phases3,Amps200OrMore,SeparateMeters
Expenses, Fees & Taxes
- Tax Annual Amount: $59,943
Miscellaneous
- List Office Name: Bonvie Realty
- Listing Terms: Cash,Conventional
Ask our real estate expert about this property
This Industrial-type commercial real estate is located in FL, Fort Lauderdale was built in 1971, and is listed at $5,495,000.