$2,501,189
$2,799,000
10.6%For more information regarding the value of a property, please contact us for a free consultation.
3472 NE 5th Ave Oakland Park, FL 33334
21,385 SqFt
Key Details
Sold Price $2,501,189
Property Type Commercial
Sub Type Industrial
Listing Status Sold
Purchase Type For Sale
Square Footage 21,385 sqft
Price per Sqft $116
MLS Listing ID A10612637
Sold Date 12/22/20
HOA Y/N No
Year Built 1961
Annual Tax Amount $30,103
Tax Year 2018
Contingent Pending Inspections
Lot Size 0.800 Acres
Property Description
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.
Location
State FL
County Broward County
Area 3450
Direction Follow I-95 N to FL-816 E/W Oakland Park Blvd in Oakland Park. Take exit 31A from I-95 N. Use any lane to turn right onto FL-816 E/W Oakland Park Blvd. Turn left onto NE 5th Ave- the property will be on the right side.
Exterior
Total Parking Spaces 10
Others
Tax ID 494223055160
Financing Conventional
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Bought with Level Realty Partners, LLC