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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
.27 AC (11,901 SF)
For Sale Price:
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
CLICK HERE TO CONTACT THE SALES BROKER
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RE/MAX Executive Realty
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