Bonvie Realty, as exclusive agent for the Owner, is pleased to offer for sale 821-841 NW 57th Place (the “Property” or “Building”) in Ft. Lauderdale, Florida.
This rare Dock-High industrial asset totals 23,777 rentable square feet on a 1.02 acre site and is currently 100% leased. Situated in one of the nation’s most affluent and desirable submarkets, the Property benefits from strong local demand and has an excellent market position. Although occupancy is stabilized, the Offering provides clear upside: current in-place rents are approximately 20% below prevailing submarket levels. All three leases are NNN with an in place NOI of: $344,244.00. This creates an opportunity for new ownership to raise rents in the future while maintaining the Property’s value alternative appeal. Built in 1972 with solid concrete block construction. Outside storage for each unit. Conveniently located off of Powerline Road with immediate access to I-95 & the Florida Turnpike.