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2121 SW 58th Terrace, West Park, FL

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2121 SW 58th Terrace

West Park, FL 33023-3038 - Southeast Broward Ind Submarket

Property Type:Industrial Sub Type:Warehouse Status:Existing Year Built:1972
Building Size:10,360 SF Land Area:.37 AC (16,161 SF)
Ceiling Height:16'0'' Loading Docks:No Rail:- Power:-
For Sale Price:$1,300,000 Price/SF:$125.48
Cap Rate:8.03 %
Zoning:C-1 Sprinklers:- Drive Ins:5 tot./10'0''w x 14'0''h Cranes:-
Parking:Free Surface spaces are available; Ratio of .57/1,000 SF Amenities:Fenced Lot

Industrial availability in SE Hollywood.

Sale Notes:
The subject property consists of 10,360 usable/leasable square feet sitting on a large 16,194 sq ft lot. Perfect property foe an owner user or investor. Automotive uses are permitter and allowed. This property has 5 bays with 4 tenants, 1 tenant is occupying 2 bays, property is 100% leased. All tenants are on month to month basis for buyers convenience. Very well built building with twin T roof.
The property is currently grossing $87,120 per year, netting $68,898 per year. The tenants are long term tenants and paying under market rents. Rental rates in this area are closer to $10 per sq ft. The market gross income should be +/- $104,400 per year with NET leases. This Pro-Forma NOI would give an investor a strong 8.03% Capitalization Rate.
Please remember not to disturb the existing tenants or business. All showings are by appointment only.

Re/Max 5 Star Realty
John DeMarco

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