$569,007
$750,000
24.1%For more information regarding the value of a property, please contact us for a free consultation.
4,700 SqFt
SOLD DATE : 03/13/2020
Key Details
Sold Price $569,007
Property Type Commercial
Sub Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 4,700 sqft
Price per Sqft $121
MLS Listing ID A10753381
Sold Date 03/13/20
HOA Y/N No
Year Built 1960
Annual Tax Amount $7,718
Lot Size 7,088 Sqft
Property Description
This 4,700 sf flex space building is a perfect blend of retail and true industrial situated on a 7,088 sf lot. This building is currently occupied by a legacy tenant with an under-market rental rate. His lease is expiring in February 2020. A new investor can retenant this property at a conservative rate of $14 a foot net. This proforma NOI will provide an investor with a strong 8.77% capitalization rate at the full asking price of $750,000. Call to receive a full offering memorandum.
Location
State FL
County Broward County
Area 3050
Others
Tax ID 514209050810
Financing Conventional
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Bought with RE/MAX 5 Star Realty
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