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844 NW 10th Ter

6,902 SF 100% Leased Industrial Building Fort Lauderdale, FL 33311 $2,200,000 ($319/SF) 9.04% Cap Rate

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Investment Highlights

Community Development Block Grant (CDBG)
Great Development Opportunity.
Easy Access to I-95.

Fully Rented.
Close to super busy intersection.

Executive Summary

ATTENTION DEVELOPERS and INVESTORS! Here is your chance to purchase excellent rented warehouse space in Ft. Lauderdale for future development just one block from the super busy corner of Sunrise Blvd and Powerline Rd. 6,902 square feet of warehouse space divided into 8 bays plus an office. Located in Ft. Lauderdale’s NW Neighborhood Improvement District. This property is available for CDBG (Community Development Block Grant). Detailed Use: Commercial - Mixed use – store and office or store and residential or residential combination. Zoned B-3. Property consists of 2 buildings with parking lot in between. Lot is 16,875 square feet and sits on the corner of NW 10th Terrace and 9th Street. Currently it is fully rented but can be sold empty.

Offer Memorandom - 844 NW 10 Ter

Property Facts

Price	$2,200,000	Lot Size	0.39 AC
Price Per SF	$319	Rentable Building Area	6,902 SF
Sale Type	Investment NNN	No. Stories	1
Cap Rate	9.04%	Year Built	1965
Property Type	Industrial	Parking Ratio	3.48/1,000 SF
Property Subtype	Service Industrial Warehouse	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Building Class	C

Price	$2,200,000
Price Per SF	$319
Sale Type	Investment NNN
Cap Rate	9.04%
Property Type	Industrial
Property Subtype	Service Industrial Warehouse
Building Class	C
Lot Size	0.39 AC
Rentable Building Area	6,902 SF
No. Stories	1
Year Built	1965
Parking Ratio	3.48/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

PROPERTY TAXES

Parcel Number	49-42-34-06-6440	Improvements Assessment	$1,145,950
Land Assessment	$168,750	Total Assessment	$1,314,700

PROPERTY TAXES

Parcel Number

49-42-34-06-6440

Land Assessment

$168,750

Improvements Assessment

$1,145,950

Total Assessment

$1,314,700

zoning

Zoning Code	B-3 (Commercial - Mixed use – store and office or store and residential or residential combination.)
B-3 (Commercial - Mixed use – store and office or store and residential or residential combination.)