3472 NE 5th Ave, Oakland Park FL 33334
Beds
Baths
SQFT 34,852
Garage
63 Years Built
Home Details
The total leasable square footage is 21,385 feet sitting on a large 34,852 square feet lot. The entire property was recently vacated and presents an excellent opportunity for an owner-user or investor. The subject property can be easily leased to multiple tenants after closing creating an excellent investment opportunity. There are 10 total bays. Included in this offering are recent lease comparables confirming the average leasing rates average $14 a square foot net. When leased and stabilized this property will net $296,136 per year yielding a strong 10.58% capitalization rate. Property is zoned I1 light industrial. This property is being offered at only $130 an sqft which is well below recent sales.
Other Interior Features
General
Neighbourhood
Location
The total leasable square footage is 21,385 feet sitting on a large 34,852 square feet lot. The entire property was recently vacated and presents an excellent opportunity for an owner-user or investor. The subject property can be easily leased to multiple tenants after closing creating an excellent investment opportunity. There are 10 total bays. Included in this offering are recent lease comparables confirming the average leasing rates average $14 a square foot net. When leased and stabilized this property will net $296,136 per year yielding a strong 10.58% capitalization rate. Property is zoned I1 light industrial. This property is being offered at only $130 an sqft which is well below recent sales.