5299 NE 12th Ave - Industrial LAND FOR SALE
Oakland Park, FL 33334 | 29,185 SF
$2,180,000 USD
305-897-0939
5299 NE 12th Ave
Oakland Park, FL 33334
HIGHLIGHTS
- Investment-Grade Government Tenant- (AA Rated), stronger than many major corp NNN tenants
- Landlord-friendly economics and ease of ownership
- Tenant is responsible for all expenses, other than $11,093 of 2024 base year property taxes.
- Above average rent growth
- Few industrial land sites remain in the submarket
OVERVIEW
Investment-grade municipal net lease. 0.67-ac B-3 commercial-industrial site 100% leased to City of Oakland Park (AA/S&P): 4-years remaining on the primary term + three 2-yr options (thru 2036), 4% annual escalations, tenant pays all expenses including property taxes over the 2024 base year. The site is used to store vehicles and materials for the Public Works Dept and the site sits adjacent to City Public Works campus.
FOR SALE DETAILS
PRICE
$2,180,000 USD
PRICE/ACRE
$3,253,731/AC
PRICE/SF
$75 USD /SF
# OF LOTS
-
LAND DETAILS
PROPERTY NAME
5299 NE 12th Ave
PROPERTY TYPE
Land
PROPERTY SUBTYPE
Industrial
LAND PROPOSED USE
Commercial, Industrial, Parking Lot
LAND ACRES
0.67 AC
LAND SF
29,185 SF
OFFSITE IMPROVEMENTS
Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation
ZONING
B-3
APN/PARCEL ID
49-42-14-20-0100
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305-897-0939
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305-897-0939
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