821-841 NW 57th Pl - Manufacturing FOR SALE


Fort Lauderdale, FL 33309- Uptown Fort Lauderdale
$5,495,000 USD
954-232-8494
821-841 NW 57th Pl, Fort Lauderdale, FL for Sale
$5,495,000 USD
Manufacturing - FOR SALE
1/26
null | 6.26% Cap Rate

821-841 NW 57th Pl
Fort Lauderdale, FL 33309
Uptown Fort Lauderdale


HIGHLIGHTS

  • PRIME LOCATION IN THE HEART OF FORT LAUDERDALE
  • ACROSS THE STREET FROM FORT LAUDERDALE EXECUTIVE AIRPORT
  • EACH UNIT HAS FRONT AND REAR DOCK HIGH BAYS
  • SECURE OUTSIDE STORAGE WITH EACH UNIT
  • FULLY LEASED WITH NNN LEASES
  • CURRENT IN-PLACE RENTS 20% +/- BELOW SURROUNDING MARKET

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$5,495,000 USD

PRICE/SF

$231 USD /SF

CAP RATE

6.26%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1972

UTILITIES

-

CLEAR CEILING HT

12 Ft

DOCKS

6

DRIVE INS

-

PARKING SPACES

22

LAND DETAILS

LAND ACRES

1.02

LAND SF

44,431

ZONING

I-1

APN/PARCEL ID

49-42-10-11-0030

ASK ABOUT THIS PROPERTY

Rick BonvieBonvie Realty & DevelopmentMore Info
954-232-8494

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

Rick BonvieBonvie Realty & DevelopmentMore Info
954-232-8494

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