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5681 SW 25th Street, West Park, FL

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5681 SW 25th Street

West Park, FL 33023-4008 - Southeast Broward Ind Submarket

Property Type:Industrial Sub Type:- Status:Existing Year Built:1968
Building Size:5,100 SF Land Area:.27 AC (11,901 SF)
Ceiling Height:- Loading Docks:- Rail:- Power:-
For Sale Price:$625,000 Price/SF:$122.55
Cap Rate:8.00 %
Zoning:M-1 Sprinklers:- Drive Ins:5 tot. Cranes:-
Amenities:Fenced Lot

Sale Notes:
The subject property consists of five legal warehouse bays totaling 5,100 square feet. The building sits on a double, corner lot totaling 11,899 square feet of land. The building is constructed of concrete block walls a concrete twin t roof. Each bay is 1120 sf with its own electrical meter and bathroom. The property is zoned M1 Industrial light manufacturing which permits most industrial and automotive uses including outside storage of vehicles.
There are currently six tenants (one in each bay and one leasing rear lot) paying $5650.00 a month in gross rent annually accruing $67,800 per year. The annual expenses are $13,476 per year netting $54,324 annually yielding an investor a healthy 9% capitalization rate.
The majority of the tenants have automotive uses and are on annual leases with one year or less remaining. The tenants are long term, and are agreeable to long term leases is desired by new owner.

Please remember to not disturb the tenants, for additional information and for all showings please call John DeMarco
441 North of Hallandale Beach Blvd East on SW 25th ST

Re/Max 5 Star Realty
John DeMarco

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