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Warehouse

Fort Lauderdale Cold Storage

5150 N State Rd 7, Fort Lauderdale, FL 33319

Listing Price: $9,000,000

Cap Rate
5.10%
Gross SF
32,098
Price/Gross SF
$280.39
Lot Size
2.14 acres
Year Built
1991
Rentable SF
32,098

Investment Overview

Marcus & Millichap, as exclusive advisor, is pleased to present for sale Fort Lauderdale Cold Storage (the “Property”), a 32,100-square-foot, two-tenant, coldstorage, industrial facility that was gut-renovated in 2016 in the heart of North Lauderdale, Florida. This cutting-edge facility is specifically designed to cater to the demanding needs of businesses in the food sector. Offering exceptional storage capacity, strategic location and advanced infrastructure, it provides the perfect solution for businesses seeking reliable and efficient cold-storage services. The Property is currently occupied by two esteemed tenants: Crazy Fish distributors and Catered Fit. Crazy Fish occupies 17,617 square feet with a lease running through November 2027, and has a five-year option to renew. Catered Fit occupies 14,481 square feet with a lease running until the end of 2032. However, in the event that a buyer desires that particular space, Catered Fit is willing to vacate. Additionally, the mezzanine space (Mezz) can also be acquired from Crazy Fish if needed.

Situated in the prime location of North Lauderdale, this cold storage facility enjoys easy access to major transportation routes and key distribution hubs. This advantageous positioning ensures smooth transportation of goods, minimizing logistical challenges and costs for businesses. The equidistant proximity to major thoroughfares such as Interstate 95 and The Florida Turnpike allows Fort Lauderdale Cold Storage to efficiently service all of Broward County.

The facility is equipped with advanced cooling systems and temperature monitoring technology to maintain precise temperature ranges suitable for a wide range of perishable goods. The property boasts ample storage capacity with a total storage space of 32,098 sq. ft. which offers an expansive area to accommodate large volumes of inventory. The layout is designed for maximum efficiency and easy
access to stored goods allowing for dry storage, cold storage, freezer storage and food preparation rooms. Fort Lauderdale Cold Storage is equipped with state-ofthe-art security systems, including surveillance cameras, access control, and alarm systems. The property complies with all necessary regulations and certifications required for cold storage operations and maintains strict adherence to food safety standards. This guarantees that your products are stored in a controlled and sanitary environment

Investment Highlights

  • State-of-the-art Infrastructure : The Cold Storage Facility is equipped with advanced technology and systems to ensure optimal temperature control and storage conditions for perishable goods
  • Security Measures: Equipped with surveillance cameras, access control and alarm systems
  • Strategic Location: Proximity to Interstate 95, The Florida Turnpike and frontage to State Road 7
  • Rare Investment Opportunity : Located in a market that has limited available inventory, limited vacancy and strong demand for cold storage buildings

Exclusively Listed By

Warehouse

Fort Lauderdale Cold Storage

Listing Price: $9,000,000

Cap Rate
5.10%
Gross SF
32,098
Price/Gross SF
$280.39
Lot Size
2.14 acres
Year Built
1991
Rentable SF
32,098

Investment Highlights

  • State-of-the-art Infrastructure : The Cold Storage Facility is equipped with advanced technology and systems to ensure optimal temperature control and storage conditions for perishable goods
  • Security Measures: Equipped with surveillance cameras, access control and alarm systems
  • Strategic Location: Proximity to Interstate 95, The Florida Turnpike and frontage to State Road 7
  • Rare Investment Opportunity : Located in a market that has limited available inventory, limited vacancy and strong demand for cold storage buildings

Investment Overview

Marcus & Millichap, as exclusive advisor, is pleased to present for sale Fort Lauderdale Cold Storage (the “Property”), a 32,100-square-foot, two-tenant, coldstorage, industrial facility that was gut-renovated in 2016 in the heart of North Lauderdale, Florida. This cutting-edge facility is specifically designed to cater to the demanding needs of businesses in the food sector. Offering exceptional storage capacity, strategic location and advanced infrastructure, it provides the perfect solution for businesses seeking reliable and efficient cold-storage services. The Property is currently occupied by two esteemed tenants: Crazy Fish distributors and Catered Fit. Crazy Fish occupies 17,617 square feet with a lease running through November 2027, and has a five-year option to renew. Catered Fit occupies 14,481 square feet with a lease running until the end of 2032. However, in the event that a buyer desires that particular space, Catered Fit is willing to vacate. Additionally, the mezzanine space (Mezz) can also be acquired from Crazy Fish if needed. Situated in the prime location of North Lauderdale, this cold storage facility enjoys easy access to major transportation routes and key distribution hubs. This advantageous positioning ensures smooth transportation of goods, minimizing logistical challenges and costs for businesses. The equidistant proximity to major thoroughfares such as Interstate 95 and The Florida Turnpike allows Fort Lauderdale Cold Storage to efficiently service all of Broward County. The facility is equipped with advanced cooling systems and temperature monitoring technology to maintain precise temperature ranges suitable for a wide range of perishable goods. The property boasts ample storage capacity with a total storage space of 32,098 sq. ft. which offers an expansive area to accommodate large volumes of inventory. The layout is designed for maximum efficiency and easy access to stored goods allowing for dry storage, cold storage, freezer storage and food preparation rooms. Fort Lauderdale Cold Storage is equipped with state-ofthe-art security systems, including surveillance cameras, access control, and alarm systems. The property complies with all necessary regulations and certifications required for cold storage operations and maintains strict adherence to food safety standards. This guarantees that your products are stored in a controlled and sanitary environment

Exclusively Listed By

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