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30066999
30067000

5280 10th Ave N, Greenacres, FL 33463

DR
FL SL3428197, FL 3428197
Native Realty
Listed by Native Realty
$3,200,000
91 days on market
Updated 91 days ago

Greenacres Plaza

Details
APN 18-42-44-23-01-054-0040
Property Type Industrial
Sub Type Distribution, Flex (+1)
Square Footage 9,280
Cap Rate 3.99%
NOI $127,660
Occupancy 100%
Tenancy Multi
Lease Type NNN
Broker Co-Op Yes
Year Built 1980
Buildings 1
Stories 1
Acreage 0.550
Zoning OPI
Investment Type Value Add

Small Bay Industrial | 9,280 SqFt

Marketing description

5280 10th Avenue North presents a rare opportunity to acquire a fully leased, small-bay warehouse asset in the heart of Greenacres. The property consists of 9,280 square feet of warehouse space situated on approximately 0.55 acres along 10th Avenue North, a primary east–west thoroughfare with traffic counts of approximately 21,000 vehicles per day. The building is configured into six separate units, each approximately 1,500 square feet, providing an ideal footprint for small businesses, contractors, and service-oriented users. This highly functional suite size continues to experience strong demand in this infill submarket, which is largely surrounded by established single-family residential neighborhoods and offers very limited small-bay industrial inventory.

The property is 100% leased, offering immediate in-place cash flow for investors, while also presenting long-term flexibility for an owner-user seeking to occupy space as leases roll. Recent capital improvements include a new roof, and the building is fully fire sprinklered, enhancing both tenant safety and long-term asset durability. Small-bay warehouse opportunities of this scale and configuration are increasingly difficult to find in central Palm Beach County, making 5280 10th Avenue North a compelling acquisition for investors seeking stabilized income or users looking to secure rarely available warehouse space in a high-demand location.

Listing Contacts

DR
FL SL3428197, FL 3428197
Native Realty
Listed by Native Realty

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$127,660.00
$10,638.33/mo

Valuation Metrics

0
DSCR
3.99%
Cap Rate
3.99%
ROI

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Additional Information

Name
Dan Ross
License
SL3428197
Brokerage
Native Realty Co.
Title
Executive Director - Commercial
Brokerage Address
1926 East Sunrise Boulevard
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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