$645,000
$760,000
15.1%For more information regarding the value of a property, please contact us for a free consultation.
4,500 SqFt
SOLD DATE : 07/02/2020
Key Details
Sold Price $645,000
Property Type Commercial
Sub Type Industrial
Listing Status Sold
Purchase Type For Sale
Square Footage 4,500 sqft
Price per Sqft $143
MLS Listing ID A10596622
Sold Date 07/02/20
HOA Y/N No
Year Built 1975
Annual Tax Amount $7,375
Tax Year 2018
Lot Size 6,374 Sqft
Property Sub-Type Industrial
Property Description
This building consists of 4,500 square feet located is rapidly appreciating Oakland Park Florida. Liberal I-1 Industrial zoning allows most industrial uses. This building is occupied by 1 tenant. The property is grossing $54,000 per year, netting $43,143 per year. A new investor can re-tenant this property after closing to market rates of $16 a foot net. This Pro-forma NOI will provide an investor with a strong 9.47% capitalization rate at the full asking price of $760,000. See enclosed recent comparable closed leases. Please remember to not disturb existing business, all showings are by appointment only.
Location
State FL
County Broward County
Area 3560
Exterior
Private Pool Yes
Others
Tax ID 494228100171
Financing Cash
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Bought with RE/MAX 5 Star Realty