201-215 SW 21st St - Warehouse FOR SALE


Fort Lauderdale, FL 33315- Croissant Park
$3,495,000 USD
954-232-8494
201-215 SW 21st St, Fort Lauderdale, FL for Sale
$3,495,000 USD
Warehouse - FOR SALE
1/37
null | 5.58% Cap Rate

201-215 SW 21st St
Fort Lauderdale, FL 33315
Croissant Park


HIGHLIGHTS

  • PRIME EAST FT. LAUDERDALE LOCATION WITH IMMEDIATE ACCESS TO PORT EVERGLADES, FT. LAUD INTERNATIONAL AIRPORT, INTERSTATE 595, I-95, & FL TURNPIKE
  • 100% LEASED WITH APPROX. NOI OF $195,000.00 +/- UNDER MARKET RENTS IN PLACE WITH SIGNIFICANT ROOM TO INCREASE
  • ALL TENANTS ON MONTH-TO-MONTH BASIS. CAN BE PUT ON LONG-TERM NNN LEASES OR CAN BE VACATED IMMEDIATELY FOR OWNER USER
  • BRAND NEW ROOF & DECKING ALONG WITH BRAND NEW PAVING & PAINTING
  • NEW HURRICANE GLASS DOORS AND WINDOWS RECENTLY INSTALLED
  • TREMENDOUS REVENUE GROWTH POTENTIAL WITH ALL CURRENT RENTS 100% BELOW SURROUNDING MARKET

OVERVIEW

Bonvie Realty & Development, as exclusive agent for the Owner, is pleased to offer FOR SALE 201-215 SW 21st in Ft. Lauderdale. This rare small bay industrial warehouse property totals +/- 12,070 square feet & sits on a 0.48-acre site. 100% leased with an approx. NOI: $195,000 +/-. Located in one of the country’s densest and most desirable submarkets of Ft. Lauderdale. Current in-place rents for existing tenants are $20.00 modified gross with all tenants on "Month to Month" leases. Market rents remain meaningfully below the competitive set, allowing new ownership to increase rents while preserving the Property’s value-alternative positioning. Fully renovated in 2023-2026, with the following improvements: Brand-New Roof & Decking, New Impact Windows & Glass Doors, Brand New repaving-restriping, & New Paining. Located right off of St. Road-84, the property is centrally located with immediate access to Port Everglades, Ft. Lauderdale International Airport, I-595, I-95, & the Florida Turnpike. All easy approaches to the prime location.

FOR SALE DETAILS

PRICE

$3,495,000 USD

PRICE/SF

$290 USD /SF

CAP RATE

5.58%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Distribution, Service

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1972

UTILITIES

Lighting, Water, Sewer

CLEAR CEILING HT

13 Ft

DOCKS

-

DRIVE INS

16

PARKING SPACES

26

LAND DETAILS

LAND ACRES

0.5

LAND SF

21,780

ZONING

RM-15

APN/PARCEL ID

50-42-15-01-5580

ASK ABOUT THIS PROPERTY

Rick BonvieBonvie Realty & DevelopmentMore Info
954-232-8494

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Rick BonvieBonvie Realty & DevelopmentMore Info
954-232-8494

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.