Owner/user | Investment Warehouse on B-3 Zone | 1620-1630 NE 12th Ter
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Owner/user | Investment Warehouse on B-3 Zone 1620-1630 NE 12th Ter
10,680 SF 100% Leased Industrial Building Fort Lauderdale, FL 33305 $1,950,000 ($183/SF) 6.74% Cap Rate
Investment Highlights
- Perfect for an owner/user or investor
- Subdivided with separate meters
- New roof in 2017 with warranty
- Minutes to I-95, downtown and the beaches
- All warehouse units have front to back access
- 10 Year recertification up to date
Executive Summary
CAP RATE IS PRO-FORMA. All tenants are under market. Warehouse with liberal B-3 Zoning located near I-95 and Federal Highway. Partially rented with one unit left vacant as seller believes building is best suited for an owner user who may use all of the spaces. The tenants there are at under-market rents. Upstairs is a space perfect for buildout of an office. All warehouse units have front and back overhead doors allowing for full passthrough of the unit. Units 1620, 1622 and 1624 have a small interior office. Units are already subdivided and metered which allows an owner to use some and rent the others. There is a right of way that runs along side and to the rear of the building. This is used during the day by some tenants for parking. Also, each tenant can park one vehicle in front of the bay door but there is no designated parking.
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,950,000 | Lot Size | 0.27 AC |
| Price Per SF | $183 | Rentable Building Area | 10,680 SF |
| Sale Type | Investment or Owner User | No. Stories | 1 |
| Cap Rate | 6.74% | Year Built | 1959 |
| Property Type | Industrial | Parking Ratio | 0.56/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 13 FT |
| Building Class | C | No. Drive In / Grade-Level Doors | 10 |
| Price | $1,950,000 |
| Price Per SF | $183 |
| Sale Type | Investment or Owner User |
| Cap Rate | 6.74% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.27 AC |
| Rentable Building Area | 10,680 SF |
| No. Stories | 1 |
| Year Built | 1959 |
| Parking Ratio | 0.56/1,000 SF |
| Clear Ceiling Height | 13 FT |
| No. Drive In / Grade-Level Doors | 10 |
Amenities
- Bus Line
- Fenced Lot
Utilities
- Lighting
- Water
- Sewer
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PROPERTY TAXES
| Parcel Number | 49-42-35-17-0180 | Total Assessment | $1,131,050 |
| Land Assessment | $0 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $0 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
49-42-35-17-0180
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,131,050
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
zoning
| Zoning Code | B-3 (Commercial Business) |
| B-3 (Commercial Business) |
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Owner/user | Investment Warehouse on B-3 Zone | 1620-1630 NE 12th Ter
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