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2703 Gateway Drive - Gateway Industrial Center, Pompano Beach, FL

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2703 Gateway Drive - Gateway Industrial Center

Pompano Beach, FL 33069-4327 - Cypress Creek Submarket

(2.4 MB)

Property Type:Office Sub Type:- Status:Existing , Renov 2000 Year Built:1984
Stories:1 Typical Floor:30,256 SF Building Size:30,256 SF
For Sale Price:$2,499,000 Price/SF:$82.60
Cap Rate:6.30 %
Parking:Free Surface spaces are available; Ratio of 6.14/1,000 SF Amenities:Air Conditioning, Waterfront

Single story, stucco over CBS on exterior walls with flat, built up roofing materials. Concrete slab over grade. Configured with two units, but could easily be converted to one unit in the future. Fixed plate glass entry door on the front, steel door on the rear entrance. One overhead door at the northwest corner. The building is reported to be ADA accessible, 100% air conditioned, with fire sprinkler and alarm system with cameras. Each suite (18,500sf and 11,500sf) is separately metered for electricity and each has their own separate air conditioning system. The current owners have no knowledge of any Hurricane hardness features.

The building is in good condition. There is no known deferred maintenance with regard to the roof and mechanical and electrical systems.

Sale Notes:
Reduced to sell bring all offers.
A great price change to $ 2,595,,000 for a quick sale.
31,332 sf quality single building divided into 7 separate suites, + separate warehouses/ storage space.
3 office suites are leased.
25% vacant.
Cap rate based on projection on full occupancy.
Set back in a park like setting with outdoor eating area for employees.
The property is located in the Cypress Creek area, minutes from the Executive Airport, I-95 and the Florida Turnpike.Cap rate is on projected NOI.

WBS Management & Acquisition Corp.
Steven Aberman
(561) 239-7531

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