$430,993
$600,000
28.2%For more information regarding the value of a property, please contact us for a free consultation.
3,560 SqFt
SOLD DATE : 03/13/2020
Key Details
Sold Price $430,993
Property Type Commercial
Sub Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 3,560 sqft
Price per Sqft $121
MLS Listing ID A10753449
Sold Date 03/13/20
HOA Y/N No
Year Built 1960
Annual Tax Amount $9,302
Lot Size 7,268 Sqft
Property Description
This 3,560 sf flex space building is a perfect blend of retail and true industrial situated on a 7,268 sf lot. This building is currently occupied by 2 legacy tenant with an under-market rental rate. Both leases will expire in February 2020. A new investor can retenant this property at a conservative rates of $14 a foot net. This proforma NOI will provide an investor with a strong 8.2% capitalization rate at the full asking price of $600,000. Call to receive a full offering memorandum.
Location
State FL
County Broward County
Area 3050
Others
Tax ID 514209050800
Financing Conventional
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Bought with RE/MAX 5 Star Realty
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