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117 NW 9th Terrace, Hallandale Beach, FL

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117 NW 9th Terrace

Hallandale Beach, FL 33009-3912 - Southeast Broward Ind Submarket

Property Type:Industrial Sub Type:Warehouse Status:Existing Year Built:1970
Building Size:14,373 SF Land Area:.5 AC (21,780 SF)
Ceiling Height:17'0'' Loading Docks:1 ext Rail:- Power:Heavy
For Sale Price:$1,699,000 Price/SF:$118.21
Cap Rate:7.80 %
Zoning:B1, Hallandale Sprinklers:- Drive Ins:5 tot. Cranes:-
Parking:Free Surface spaces are available; Ratio of .92/1,000 SF

9/99: The building sold to an undisclosed buyer for $600,000. The seller, Southern Elevator, was represented by Rauch, Weaver, Millsaps, & Co.

* Minutes from I-95

Sale Notes:
The subject property consists of 14,373 square feet of useable space, sitting on a large 26,013 square foot lot. The building is currently occupied by a single occupant, who can vacate the property or can remain after closing based on buyers use.
The property has six street level roll up doors, large built out offices, a receptionist and waiting area, three bathrooms, a large conference/training room, and kitchen. Build-out works perfect for most business'. Warehouse is fully air conditioned and has 16' ceilings. The warehouse is in excellent condition. Twin T roof and CBS construction make this building very secure.
looking to occupy the space or investor looking to lease the building out. This building can be leased for $11 a square foot, which after expenses will provide an investor a Net Operating Income of $158,103 per year, yielding a 7.77% pro-forma capitalization rate.
Please remember to not disturb the existing occupant, call listing broker for all showings and additional information.

Re/Max 5 Star Realty
John DeMarco

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