Synergy Realty Advisors
Listed by Synergy Realty Advisors LLC, Synergy Realty Advisors
$4,500,000
901 NW 9th St
Details
APN 04374331120020010
Property Type Industrial
Sub Type Warehouse, Manufacturing
Square Footage 34,456
Net Rentable (SqFt) 34,456
Cap Rate 4.00%
NOI $212,277
Occupancy 100%
Pro-Forma Cap Rate 10.32%
Pro-Forma NOI $464,277
Price per SqFt $131
Price Per Acre $2,977,528
Broker Co-Op Yes
Class B
Year Built 1962
Year Renovated 2023
Buildings 2
Stories 1
Lot Size (SqFt) 77,537
Zoning I-2 (cit
Parking Spaces 20 spaces
Parking Per SqFt 0.58
Investment Type Value Add
Occupancy Date 12/01/2025
Ground Lease No
Ceiling Height 18
Loading Docks 8
Dock High Doors 8
Ownership corporation
Cold Storage Facility in Western Palm Beach County
Marketing description
Exceptional Cold Storage opportunity in western Palm Beach county, Florida. This 34,456 SF industrial building includes 16,000 sf of brand new (2023) dedicated cold storage space split into two cold storage warehouses, with room for expansion. Property features a new roof, $4m in refrigerated equipment, 18-20 ft ceilings, dock high loading platform for 8 trucks, and ample parking spread across 1.78 acres. Centrally located in Belle Glade, in western Palm Beach County- Ideal for Cold Storage operations seeking multi county access across South Florida with seamless routing to all the major distribution hubs, seaports and airports. Rail access also potentially available right behind property. Rented seasonally for $42k per month
Investment highlights
● Currently rented seasonally for around $42k per month (jan 1- june 30th)
● 34,456 SF industrial building
● 16,000 SF dedicated cold storage space
● 1.78 acres of land
● New roof in 2023
● $4m in refrigerated equipment installed in 2023.
● Zoned I-2 for industrial and refrigerated/cold storage use
● Can be rented from july to dec for additional income.
● Space to expand cold storage space
● 18-20 ft ceilings for ample vertical storage space
● Platform for 8 trucks for efficient dock height loading plus ramp
● Plenty of parking
● Space to add more buildings on the property
● Potential Access to rail behind the property ( was an old rail spur)
Listing Contacts
Synergy Realty Advisors
Listed by Synergy Realty Advisors LLC, Synergy Realty Advisors
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$212,277.00
$17,689.75/mo
Valuation Metrics
0
DSCR
4.72%
Cap Rate
4.72%
ROI
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