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

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DetailMap
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:29,000 SF Building Size:29,000 SF
% Leased:
For Sale Price:$2,499,000 Price/SF:$86.17
Cap Rate:6.30 %
Smallest Space:2,365 SF Largest Space:3,678 SF Total Space Avail:15,079 SF Rent/SF/Yr:
$12.00 - $13.00
Parking:Free Surface spaces are available; Ratio of 6.14/1,000 SF Amenities:Air Conditioning, Waterfront


Space Available:
Floor
SF Avail
Rent
Occupancy
Lease Term
Space Use
 1st
2,700 SF
$13.00/SF/Yr
Vacant
Negotiable
Office
 1st
2,736 SF
$13.00/SF/Yr
Vacant
5 yrs
Office
 1st
2,365 SF
$13.00/SF/Yr
Vacant
Negotiable
Office
 1st
3,678 SF
$13.00/SF/Yr
Negotiable
Negotiable
Office
 1st
3,600 SF
$12.00/SF/Yr
Negotiable
Negotiable
Office
 
11363300
10107367
10944876
10639032
11363305
Floor Plan
  
Marketing Flyer Marketing Flyer  
Space Notes Space Notes  


Floor
SF Avail
Rent/SF/Yr
Occupancy
Lease Term
Space Use
1st
2,700 SF
$13.00/SF/Yr
Vacant
Negotiable
Office
1st
2,736 SF
$13.00/SF/Yr
Vacant
5 yrs
Office
1st
2,365 SF
$13.00/SF/Yr
Vacant
Negotiable
Office
1st
3,678 SF
$13.00/SF/Yr
Negotiable
Negotiable
Office
1st
3,600 SF
$12.00/SF/Yr
Negotiable
Negotiable
Office
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


WBS Management & Acquisition Corp.
  
Aspect Realty LLC


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