Listed by Matthews
$1,000,000
1000 NE 43rd Ct
Details
Property Type Industrial
Sub Type Distribution, Warehouse
Square Footage 3,776
Units 7
Cap Rate 5.15%
NOI $51,500
Tenancy Multi
Lease Type Gross
Price per SqFt $265
Acreage 0.170
Zoning I-1
Investment Type Value Add
Industrial Value-Add Opportunity with 7 Bays Near Downtown Fort Lauderdale
Marketing description
Industrial investment opportunity in Oakland Park, FL. ±3,776 SF building with 7 bays and 6 garage doors on a 0.17-acre lot. Priced at $1,000,000 (5.15% cap rate, $51,500 NOI). Month-to-month leases offer value-add upside. Prime location near I-95 and Downtown Fort Lauderdale.
Investment highlights
- 7 Bays & 6 Garage Doors: The property features 7 bays and 6 garage doors, providing flexible access and operational efficiency.
- Value-Add Upside: Month-to-month leases offer significant value-add and repositioning opportunities for investors.
- Prime Location: Located right off Dixie Hwy and just a 5-minute drive to I-95, ensuring excellent accessibility.
- Masonry Construction & Zoning: Durable masonry construction with I-1 zoning flexibility supports a variety of industrial uses.
- Efficient Door Configuration: Exceptional 6-door configuration with one door per approximately 629 SF enhances tenant usability.
- Strategic Submarket Position: Strategically positioned in Oakland Park, a rapidly evolving Broward County submarket benefiting from continued residential and commercial reinvestment.
- Major Corridor Access: Convenient access to I-95 and Federal Highway (US-1) facilitates efficient connectivity throughout Fort Lauderdale and the greater South Florida MSA.
- Proximity to Downtown: Proximate to Downtown Fort Lauderdale, a key employment and lifestyle hub offering a diverse mix of dining, retail, and entertainment amenities.
- Dense Residential Base: Located within a dense and growing residential population base, supporting sustained demand across a variety of commercial uses.
- Airport Accessibility: Short drive to Fort Lauderdale-Hollywood International Airport, enhancing regional and national accessibility.
- Retail & Consumer Appeal: Surrounded by established retail centers, grocery-anchored shopping, and daily-needs conveniences, contributing to strong tenant and consumer appeal.
- Near Culinary Arts District: Positioned near the Oakland Park Culinary Arts District, an emerging destination that continues to attract foot traffic and local investment.
Listing Contacts
Listed by Matthews
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$51,500.00
$4,291.67/mo
Valuation Metrics
0
DSCR
5.15%
Cap Rate
5.15%
ROI
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