Listed by Cohen Realty Group
$5,200,000
1601 NW 38th Avenue
Details
APN 494231240021
Property Type Industrial
Sub Type Warehouse, Manufacturing
Square Footage 24,850
Net Rentable (SqFt) 24,850
Units 9
Cap Rate 4.49%
NOI $233,543
Occupancy 100%
Tenancy Multi
Lease Type Gross
Price per SqFt $191
Broker Co-Op No
Class C
Year Built 1977
Stories 1
Acreage 1.600
Zoning CW
Investment Type Value Add
Ceiling Height 14
Ownership Corporation
Sale Condition For sale by owner
The property, value-add, industrial flex warehouse located in Lauderhill "industrial park "
Marketing description
Freestanding 24,850 SqFt Industrial building .The property is situated on a total of 1.6 Acre with immediate income as the property is 100% leased with diverse tenants (9 bays ) long term tenants some over 10 years .opportunity for a new owner to raise rents to market value (currently rents are below market value) making this investment prime for increased ROI . Building clear ceiling 14' .The property, value-add, industrial flex warehouse located in Lauderhill "industrial park " , on a strategic corner across from UPS ,this property is in an outstanding location for industrial uses and can be a strategic asset to own. Freestanding 24,850 SqFt Industrial building .The property is situated on a total of 1.6 Acre with immediate income as the property is 100% leased with diverse tenants (9 bays ) long term tenants some over 10 years .opportunity for a new owner to raise rents to market value (currently rents are below market value) making this investment prime for increased ROI . Building clear ceiling 14' .The property, value-add, industrial flex warehouse located in Lauderhill "industrial park " , on a strategic corner across from UPS ,this property is in an outstanding location for industrial uses and can be a strategic asset to own.
Investment highlights
- Freestanding 24,850 SqFt Industrial building
- Situated on a total of 1.6 Acre
- 100% leased with diverse tenants (9 bays ) long term tenants some over 10 years
- Rent below market value ,opportunity for a new owner to raise rents to market value making this investment prime for increased ROI
- Opportunity zone*
- Located in Lauderhill "industrial park "
Listing Contacts
Listed by Cohen Realty Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$233,543.00
$19,461.92/mo
Valuation Metrics
0
DSCR
4.49%
Cap Rate
4.49%
ROI
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