651 S Federal Hwy - Freestanding FOR SALE


Pompano Beach, FL 33062- Outer Pompano Beach/Deerfield Beach | 
$10,870,588 USD
332-345-8520
651 S Federal Hwy, Pompano Beach, FL for Sale
$10,870,588 USD
Freestanding - FOR SALE
1/3
null | 4.25% Cap Rate

651 S Federal Hwy
Pompano Beach, FL 33062
Outer Pompano Beach/Deerfield Beach


HIGHLIGHTS

  • Hard-to-Replicate Marine Site
  • Scheduled Rent Growth – Next 10% Increase in 2029
  • Outstanding Unit-Level Performance
  • Large-Format Facility

OVERVIEW

Surmount is pleased to present the exclusive listing for a Sundance Marine located at 651 South Federal Highway, Pompano Beach, FL 33062. The site consists of roughly 35,137 rentable square feet of building space on an estimated 1.3-acre parcel of land. Sundance Marine is subject to a 15-year Triple Net (NNN) lease, which commenced 8/2/2019. The current annual rent is $462,000 and has scheduled increases of 10.00% Every 5 Years.

FOR SALE DETAILS

PRICE

$10,870,588 USD

PRICE/SF

$309 USD /SF

CAP RATE

4.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sundance Marine

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.3 AC

LAND SF

56,628 SF

ZONING

B-3

APN/PARCEL ID

49-43-06-02-0050

ASK ABOUT THIS PROPERTY

Brendan MurphySurmountMore Info
332-345-8520

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Brendan MurphySurmountMore Info
332-345-8520

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