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"Location, Location, Location!"
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TOWN & COUNTRY REAL ESTATE
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| TOWN & COUNTRY |
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Email TOWN & |
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Phone: |
239-566-8459 |
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Cell: |
239-272-6309 |
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Fax: |
866-566-9133 |
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Type: Commercial
Style: Single Story "Occupies 6 Acres"
Size: 100,000 sq. ft. "8 Buildings, Well Maintened."
Lot Type: Rectangular
Lot Size:
6 acres
Year Built: 1975
Taxes: $152,300.00 (2006)
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Directly on main artery and a popular location!
7% CAP Rate.
Well maintained and located just west of I-95 directly on a main Street, this 100,000 sq.ft of warehouses (& Retail frontage on the main Street) consist of 8 buildings and occupies 6 acres.
Gross Annual Income is Aprx $1,260,000 and NOI is Aprx. $1,000,000.
All leases are annual and are not NNN (One tenant has 2 years remaining and a 5 year option).
Average rent collected per foot, per year is $13.30, some are under market value. Vacancy varies between 3% - 10%.
4 roofs are new and the other 4 are under 5 years old.
The area is still undergoing growth and development partially due to the Hard Rock Hotel & Casino down the street and the Ft. Lauderdale Airport expansion and its future operation as an International Airport (bill was voted on and passed in June ‘07).
Please be sure to ask for specific 'Flags' entering the area at this time in the immidiete vicinity of the property.
The property presents several upside scenarios, among them; a future development opportunity as a Hotel site or a timely Conversion.
Buyer agrees to pay 2% Real Estate Commission.
Please call for additional information; rent roll etc.
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100,000 SQ.FT WAREHOUSE & RETAIL
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OCCUPIES 6 ACRES
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AREA IS STILL EXPERINCING GROWTH
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NEAR THE HARD ROCK HOTEL & CASINO
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NEAR THE NEW INTERNATIONAL FT. LAUDERDALE AIRPORT
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BEAUTIFULY MAINTAINED
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7% CAP RATE AT FULL PRICE
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