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Office Warehouse

Industrial Office Condo - Owner User Opportunity

10130 NW 47th St, Sunrise, FL 33351

Listing Price: $1,525,000

Cap Rate
5.75%
Gross SF
4,564
Price/Gross SF
$334.14
Lot Size
0.10 acres
Year Built
1987
Rentable SF
4,564

Investment Overview

Marcus & Millichap is pleased to present an investment opportunity of a well-situated office and industrial warehouse property located at 10130 NW 47th Street in fast growing Sunrise, Florida. This asset consists of two condominiums with a combined 4,565 SF of gross leasable area situated in a well-located industrial office complex. The current tenant is on a modified gross lease with a month-to-month contract.

Strategically positioned in a Light Industrial zoning district, the property has flexible zoning allowing for various uses including but not limited to industrial/distribution, office, retail, restaurant, automotive, etc., ensuring resilience and adaptability in the dynamic commercial landscape.

The condo is situated in an industrial/office property district, immediately adjacent to N Nob Hill Rd with reported traffic counts of 22,700+ vehicles per day. The subject is within a stone's throw from SR 869, aka The Sawgrass Expressway, with impressive traffic counts of 116,000+ VPD, ensuring exceptional accessibility. The subject also sits within 2 miles from a proposed mixed-use development which includes 278 units & a 3,200 SF Restaurant.

Sunrise, Florida, has transformed into a thriving suburban city in Broward County, driven by robust urban planning and economic expansion. Attractions like the vast Sawgrass Mills Mall and the Amerant Bank Arena bolster its status as a retail and entertainment hub. Its proximity to major cities like Fort Lauderdale and Miami, along with excellent transportation links, makes Sunrise an attractive destination for real estate investment in any sector.

This property represents a rare opportunity for an investor to secure two side-by-side, office/industrial condo assets ideal for occupancy by an owner user, or to re-tenant under more favorable market rate lease terms. The property is well-located with excellent access, it can support a variety of uses, it has an exceptional build out with high level finishes in the office area, and an ample warehouse space with an overhead garage door. This property will be a great home for an owner/user, or will be very attractive to prospective tenants, making it an attractive investment.

Investment Highlights

  • Re-Lease / Owner User Opportunity – Currently has a MTM Tenant
  • High Growth Area – 14.4% Growth Rate Within 3 Miles in Last 13 Years
  • Adjacent to N Nob Hill Rd & Proximity to Sawgrass Expressway – Total Of 138,700+ VPD
  • Strong Residual Value – Two Office Condos W/ Flexible Zoning
  • Located in Market's Primary Industrial Corridor
  • Dense Infill Population – 356,300+ People in 5 Mile Radius With an Average Household Income of $76,000+

Exclusively Listed By

Office Warehouse

Industrial Office Condo - Owner User Opportunity

Listing Price: $1,525,000

Cap Rate
5.75%
Gross SF
4,564
Price/Gross SF
$334.14
Lot Size
0.10 acres
Year Built
1987
Rentable SF
4,564

Investment Highlights

  • Re-Lease / Owner User Opportunity – Currently has a MTM Tenant
  • High Growth Area – 14.4% Growth Rate Within 3 Miles in Last 13 Years
  • Adjacent to N Nob Hill Rd & Proximity to Sawgrass Expressway – Total Of 138,700+ VPD
  • Strong Residual Value – Two Office Condos W/ Flexible Zoning
  • Located in Market's Primary Industrial Corridor
  • Dense Infill Population – 356,300+ People in 5 Mile Radius With an Average Household Income of $76,000+

Investment Overview

Marcus & Millichap is pleased to present an investment opportunity of a well-situated office and industrial warehouse property located at 10130 NW 47th Street in fast growing Sunrise, Florida. This asset consists of two condominiums with a combined 4,565 SF of gross leasable area situated in a well-located industrial office complex. The current tenant is on a modified gross lease with a month-to-month contract. Strategically positioned in a Light Industrial zoning district, the property has flexible zoning allowing for various uses including but not limited to industrial/distribution, office, retail, restaurant, automotive, etc., ensuring resilience and adaptability in the dynamic commercial landscape. The condo is situated in an industrial/office property district, immediately adjacent to N Nob Hill Rd with reported traffic counts of 22,700+ vehicles per day. The subject is within a stone's throw from SR 869, aka The Sawgrass Expressway, with impressive traffic counts of 116,000+ VPD, ensuring exceptional accessibility. The subject also sits within 2 miles from a proposed mixed-use development which includes 278 units & a 3,200 SF Restaurant. Sunrise, Florida, has transformed into a thriving suburban city in Broward County, driven by robust urban planning and economic expansion. Attractions like the vast Sawgrass Mills Mall and the Amerant Bank Arena bolster its status as a retail and entertainment hub. Its proximity to major cities like Fort Lauderdale and Miami, along with excellent transportation links, makes Sunrise an attractive destination for real estate investment in any sector. This property represents a rare opportunity for an investor to secure two side-by-side, office/industrial condo assets ideal for occupancy by an owner user, or to re-tenant under more favorable market rate lease terms. The property is well-located with excellent access, it can support a variety of uses, it has an exceptional build out with high level finishes in the office area, and an ample warehouse space with an overhead garage door. This property will be a great home for an owner/user, or will be very attractive to prospective tenants, making it an attractive investment.

Exclusively Listed By

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