Overview

Description

A rare industrial smallbay warehouse in Oakland Park comprised of one building totaling +/-29,563 rentable squarefeet. The 100% leased property features a diverse credit tenancy currently producing excellent returns. With virtually no new competitive supply, this asset is poised for significant rental rate appreciation. This presents an opportunity to acquire an asset in Broward County, one of the fastest-growing and most promising markets n the country with 2.7 million people and almost 84,000 businesses within a 60-minute drive. The property has been well-maintained with a full renovation completed in 2016 creating a fully air-conditioned multi-tenant property. Recent improvements include impact glass windows, impact bay doors, a new stucco faade, roof renovations, and upgraded building wide systems. The property is currently 100% occupied by five (5) tenants with an average rent of $15.95 PSF.

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