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Warehouse

Fort Lauderdale Small-Bay

806-820 NW 10th Terrace, Fort Lauderdale, FL 33311

Listing Price: $3,650,000

Cap Rate
7.00%
Gross SF
20,500
Price/Gross SF
$178.05
Lot Size
0.85 acres
Year Built
1959
Rentable SF
20,500

Investment Overview

Marcus & Millichap, as exclusive advisor, is pleased to present for sale, Fort Lauderdale Small-Bay located at 806-820 NW 10TH Ter, Fort Lauderdale, FL (the Property or Subject Property), a three-building portfolio consisting of 20,500 square-feet of a small-bay industrial warehouse situated on just under an acre of prime infill land just off of East Sunrise Boulevard. Fort Lauderdale Small-Bay is a fully occupied warehouse complex comprised of an excellent mix of bay sizes of 1,500, 2,000, and 2,500 SF 5 Bays averaging 1,500 square-feet. The subject property is also zoned for heavy auto use (body shop, spray booth, dealership license), the only property in the immediate area with this zoning. This zoning allows a big competitive advantage for tenants looking to conduct these types of business in the area. The property is well-maintained as it was renovated in 2018 with new plumbing, electric, and pavement. Due to the limited heavy auto zoning, premiere facilities, and mix of small bay sizes, this asset has commanded tremendous rental rates and historically high occupancy.

The subject property is ideally located in the Central Broward industrial submarket just off of East Sunrise Boulevard and minutes from major highways such as I-95, Turnpike, and US-1. The proximity to these roadways provides an ideal location for local business as an accessible outlet throughout Broward county.

Investment Highlights

  • Premiere Small Bay Warehouse with Excellent Mix of Bay Sizes Ranging from 1,500-2,500
  • Unique and High Barrier to Entry Zoning Creates huge Competitive Advantage
  • Impeccably Maintained Asset with Recent Major Capital Improvements
  • Constrained Inventory and No Future Pipeline of Competitive Product
  • Excellent Access Just Off East Sunrise Boulevard and Near I-95, Florida Turnpike and

Exclusively Listed By

Listing Price: $3,650,000

Cap Rate
7.00%
Gross SF
20,500
Price/Gross SF
$178.05
Lot Size
0.85 acres
Year Built
1959
Rentable SF
20,500

Investment Highlights

  • Premiere Small Bay Warehouse with Excellent Mix of Bay Sizes Ranging from 1,500-2,500
  • Unique and High Barrier to Entry Zoning Creates huge Competitive Advantage
  • Impeccably Maintained Asset with Recent Major Capital Improvements
  • Constrained Inventory and No Future Pipeline of Competitive Product
  • Excellent Access Just Off East Sunrise Boulevard and Near I-95, Florida Turnpike and

Investment Overview

Marcus & Millichap, as exclusive advisor, is pleased to present for sale, Fort Lauderdale Small-Bay located at 806-820 NW 10TH Ter, Fort Lauderdale, FL (the Property or Subject Property), a three-building portfolio consisting of 20,500 square-feet of a small-bay industrial warehouse situated on just under an acre of prime infill land just off of East Sunrise Boulevard. Fort Lauderdale Small-Bay is a fully occupied warehouse complex comprised of an excellent mix of bay sizes of 1,500, 2,000, and 2,500 SF 5 Bays averaging 1,500 square-feet. The subject property is also zoned for heavy auto use (body shop, spray booth, dealership license), the only property in the immediate area with this zoning. This zoning allows a big competitive advantage for tenants looking to conduct these types of business in the area. The property is well-maintained as it was renovated in 2018 with new plumbing, electric, and pavement. Due to the limited heavy auto zoning, premiere facilities, and mix of small bay sizes, this asset has commanded tremendous rental rates and historically high occupancy.

The subject property is ideally located in the Central Broward industrial submarket just off of East Sunrise Boulevard and minutes from major highways such as I-95, Turnpike, and US-1. The proximity to these roadways provides an ideal location for local business as an accessible outlet throughout Broward county.

Exclusively Listed By

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