Listed by Vision Real Estate Advisors
$6,900,000
Broward Industrial Portfolio
Details
Property Type Industrial
Sub Type Warehouse
Square Footage 37,140
Net Rentable (SqFt) 37,140
Units 59
Cap Rate 7.42%
Occupancy 63.4%
Tenancy Multi
Lease Type Modified
Price per SqFt $186
Acreage 1.690
Investment Type Value Add
Value-Add Industrial Portfolio | 37,140 SqFt
Marketing description
+/- 37,000 Square foot Small Bay Industrial Portfolio w/ Attactive Assumable Loan in the Fort Lauderdale MSA
Investment highlights
- Expanded South Florida Footprint. A premier collection of small-bay industrial assets located in Fort Lauderdale and Deerfield Beach.
- Mark-to-Market Upside. Significant opportunity to increase NOI through lease-up of vacancies and rental rate adjustments.
- Assumable Debt Opportunity . Assumable loan on the portfolio with a 4.21% interest rate with a principal balance of approx $3.5mm until 2032. (subject to lender approval)
- Diverse Tenant Mix . Multi-tenant configuration minimizes exposure to single-user rollover.
- Highly Versatile Footprints . Units ranging from 340 to 2,500 SF cater to an ideal mix of potential tenants ranging from contractors, distributors, storage, and service operators.
- Prime Accessibility. Located near dense residential populations and major developments.
- Practical Industrial Layouts. Rising replacement costs and limited zoning ensure long-term demand for existing small-bay product.
- Staggered Lease Maturity. A multi-tenant structure that mitigates single-tenant exposure and provides consistent cash flow.
Listing Contacts
Listed by Vision Real Estate Advisors
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