821 NW 57th Pl

Highlights:

• Lot Features: Central Business District, City Location, Corner Unit, Near Airport
• Building Features: Airport Access, Automobile Traffic, Exterior Lighting, Kitchen Facilities, Open Storage, Outside Storage, Private Restrooms, Rear Access, Separate Office Area, Separate Warehouse Area, Truck/Loading Dock
• Number Of Buildings: 1
• Documents Available: Copy Of Lease(S), Rent Rolls, Existing Survey
• Electric: 200+ Amp Service, 3 Phase Electric, Separate Meters
• Construction Materials: Concrete Block Construction
• Parking Features: Loading Spaces, Shared Parking
• Accessibility Features: Accessible Parking

Description:

FOR SALE: Rare Industrial Dock-High Warehouse located at 821-841 NW 57th Place in Ft. Lauderdale. Warehouse consists of 23,777 rentable sq. ft. on a 1.02 acre site. Total of 3 Bays that are currently 100% leased. Situated in one of the nation’s most affluent and desirable submarkets. Property benefits from strong local demand and has an excellent market position. Although occupancy is stabilized, the Offering provides clear upside: current in-place rents are approximately 20% below prevailing submarket levels. All three leases are NNN with an in place NOI of $344,244.00 +/- . Opportunity for new ownership to raise rents in the future while maintaining the Property’s value alternative appeal. Built in 1972 with solid concrete block construction. Additional outside storage for each unit.