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10130 NW 47th St - Industrial Office Condo
4,564 SF Flex Condo Unit Offered at $1,525,000 in Sunrise, FL 33351
Investment Highlights
- Re-Lease / Owner User Opportunity – Currently has a MTM Tenant
- Adjacent to N Nob Hill Rd & Proximity to Sawgrass Expressway – Total Of 138,700+ VPD
- Located in Market’s Primary Industrial Corridor
- High Growth Area – 14.4% Growth Rate Within 3 Miles in Last 13 Years
- Strong Residual Value – Two Office Condos W/ Flexible Zoning
- Dense Infill Population – 356,300+ People in 5 Mile Radius With an Average Household Income of $76,000+
Executive Summary
Marcus & Millichap is pleased to present an investment opportunity of a well-situated office and industrial warehouse property located at 10130 NW 47th Street in fast growing Sunrise, Florida. This asset consists of two condominiums with a combined 4,565 SF of gross leasable area situated in a well-located industrial office complex. The current tenant is on a modified gross lease with a month-to-month contract. Strategically positioned in a Light Industrial zoning district, the property has flexible zoning allowing for various uses including but not limited to industrial/distribution, office, retail, restaurant, automotive, etc., ensuring resilience and adaptability in the dynamic commercial landscape.
Property Facts
1 Unit Available
Unit 1
| Unit Size | 4,564 SF | Cap Rate | 5.75% |
| Price | $1,525,000 | NOI | $87,731 |
| Price Per SF | $334.14 | No. Parking Spaces | 7 |
| Condo Use | Flex | APN/Parcel ID | 49-41-18-AB-0010, 49-41-18-AB-0020 |
| Sale Type | Investment or Owner User |
| Unit Size | 4,564 SF |
| Price | $1,525,000 |
| Price Per SF | $334.14 |
| Condo Use | Flex |
| Sale Type | Investment or Owner User |
| Cap Rate | 5.75% |
| NOI | $87,731 |
| No. Parking Spaces | 7 |
| APN/Parcel ID | 49-41-18-AB-0010, 49-41-18-AB-0020 |
Description
Marcus & Millichap is pleased to present an investment opportunity of a well-situated office and industrial warehouse property located at 10130 NW 47th Street in fast growing Sunrise, Florida. This asset consists of two condominiums with a combined 4,565 SF of gross leasable area situated in a well-located industrial office complex. The current tenant is on a modified gross lease with a month-to-month contract.
Strategically positioned in a Light Industrial zoning district, the property has flexible zoning allowing for various uses including but not limited to industrial/distribution, office, retail, restaurant, automotive, etc., ensuring resilience and adaptability in the dynamic commercial landscape.
Sale Notes
This property represents a rare opportunity for an investor to secure two side-by-side, office/industrial condo assets ideal for occupancy by an owner user, or to re-tenant under more favorable market rate lease terms. The property is well-located with excellent access, it can support a variety of uses, it has an exceptional build out with high level finishes in the office area, and an ample warehouse space with an overhead garage door. This property will be a great home for an owner/user, or will be very attractive to prospective tenants, making it an attractive investment.
Amenities
- Signage
zoning
| Zoning Code | L-1 (Light Industrial) |
| L-1 (Light Industrial) |
-
Scott Sandelin -
Edward Romo -
The Sandelin Group
Presented by
10130 NW 47th St - Industrial Office Condo
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