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821 NW 57th Pl
$5,495,000 Sale
Listed 1 day
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Key Facts
Key facts for 821 NW 57th Pl
Property Type
Commercial, Unspecified
Parking
AccessibleParking,Common
MLS #
A11884598
Size
-
Basement
-
Listed on
-
Lot size
-
Tax
$59,943 /yr
Days on Market
-
Year Built
1971
Maintenance Fee
-
Description
FOR SALE: Rare Industrial Dock-High Warehouse located at 821-841 NW 57th Place in Ft. Lauderdale. Warehouse consists of 23,777 rentable sq. ft. on a 1.02 acre site. Total of 3 Bays that are currently 100% leased. Situated in one of the nation’s most affluent and desirable submarkets. Property benef...its from strong local demand and has an excellent market position. Although occupancy is stabilized, the Offering provides clear upside: current in-place rents are approximately 20% below prevailing submarket levels. All three leases are NNN with an in place NOI of $344,244.00 +/- . Opportunity for new ownership to raise rents in the future while maintaining the Property’s value alternative appeal. Built in 1972 with solid concrete block construction. Additional outside storage for each unit.
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Listing courtesy of: Bonvie Realty