West Oakland Park Small Bay Industrial

Highlights:

• Nearly-All Tenants on Month to Month Leases w/ Significantly Below-Market Rents
• 26-Tenant Bays with 40 Roll-Up Doors
• 14' Clear Heights
• Bay Size Ranging from 750-1,500 Square Feet
• Tenants Responsible to Pay Electric, Trash, and Insurance
• Less Than a Quarter-Mile West of I-95
• Directly South of Fort Lauderdale's Main United States Postal Service Building

Description:

SVN Commercial Partners, as exclusive advisor, is pleased to offer the rare opportunity to acquire 'West Oakland Park Small Bay Industrial' (the Property), a one-building, light-industrial property on one acre in Broward County. The Property consists of +/- 30,000 square feet centrally located within the Central Broward Industrial submarket in Broward Country and is currently 97.5% percent occupied with a diverse mix of tenants in 26 bays that range from 750-1,500 square feet, with about 100 square feet of office in each bay.

The Property is located directly west of Interstate 95, and south of Oakland Park Boulevard, with easy access and close proximity to major roads and highways. The property is located near an abundance of industrial product, restaurants, and the post office. There has been a significant demand for Broward County industrial space, with positive absorption and decreasing vacancies creating strong market conditions to push the average asking rents even higher.

The Property is located just south of the SE signalized intersection at NW 23rd Ter and W Oakland Park in Oakland Park, Florida. W Oakland Park is a major exit and east-west corridor off Interstate-95, providing easy access to the Property. The surrounding area is densely populated, with over 169,000 people living within a 3-mileradius of the property. Oakland Park is a vibrant and growing city, with a burgeoning culinary arts district and a thriving local economy. The property is situated in a highly visible location, with a daily traffic count of over 58,000 vehicles on Oakland Park directly in front of the Property.

The Property is conveniently located near the Fort Lauderdale-Hollywood International Airport, which is just a short drive away. This provides easy access for travelers and adds to the overall appeal of the location. The city of Fort Lauderdale, which is located nearby, is a popular tourist destination and has experienced significant growth in recent years. The city is home to many high-end hotels, restaurants, and attractions, making it an ideal location for both locals and tourists alike. The county has seen a 35% year over year rental growth, which indicates a strong and growing local economy.

Overall, the location of the Property is highly desirable, offering easy access to major transportation routes and a growing and dynamic local community. The combination of a dense population, high traffic counts, and nearby attractions make this Property an excellent investment opportunity.