5101 NW 21st Avenue, Fort Lauderdale, FL, 33309 - Available for Sale

Industrial For Sale

This listing is currently for sale. To see other active properties for sale, begin a new search.

Browse More Listings in Industrial For Sale, Fort Lauderdale, FL or Florida

EABC

5101 NW 21st Avenue, Fort Lauderdale, FL 33309

$5,250,000

73,216 SF | Industrial

  • Share
  • Print

Industrial Property For Sale

Price:
$5,250,000
Building Size:
73,216 SF
Price/SF:
$71.71
Property Type:
Industrial
Property Sub-type:
Flex Space
Property Use Type:
Investment
Tenancy:
Multiple
Clear Ceiling Height:
16 ft.
Lot Size:
6.09 SF
Listing ID
18515003
Last Updated
37 days ago

Find Out More...

Description

CBRE, Inc., is pleased to announce that it has been appointed exclusive advisor for the sale of Executive Airport Business Center ( the Property or EABC ). The Property comprises the leasehold interest in a 6.09 acre site developed with 73,216 SF of highly finished,single-story office/service space (86.4% office build out) located in the dynamic City of Fort Lauderdale. Currently, the two-building property is 90.2% occupied by 15 tenants. Among EABC' s diverse base of tenants, 13% are affiliated with major national companies including GE, Racetrac Petroleum and People' s Gas.

The Property offers investors the unique and very limited opportunity to purchase highly valuable office/service product well below replacement cost. Land constraints in in-fill Broward County have driven land prices for commercially zoned tracts to numbers exceeding $20 per land SF (roughly $70 per building SF). This, in combination with high construction costs, places replacement value at nearly $170 PSF. The anticipated sale price of EABC will be significantly below replacement cost.

The Property is centrally located within the Uptown Business District of prestigious Fort Lauderdale, beside Fort Lauderdale Executive Airport (one of the busiest General Aviation airports in the country) and one block north of a major thoroughfare, Commercial Boulevard. Via Commercial Boulevard, EABC enjoys excellent access to Interstate 95 to the east (1.20 miles) and the Florida Turnpike to the west (2.6 miles), and as a result, the surrounding tri-county area.

Map of 5101 NW 21st Avenue, Fort Lauderdale, FL 33309 (Broward County)

Research for 5101 NW 21st Avenue, Fort Lauderdale, FL 33309 (Broward County)

  • Demographics – Population, income & other demographics near 5101 NW 21st Avenue
  • Research Price – Recent sales of similar properties
  • Property Record Data – Historical listings, current tax, mortgage, owners & tenant info for this building

Contact Listing Broker to find out more details.

Request Additional InformationContact Listing Broker

Similar Listings

5 Photos
Prospect Park Industria...
Prospect Park Industria...
  • Fort Lauderdale, FL
  • $5,825,000
  • 64,678 SF Bldg
2 Photos
700 NW 57th Court
700 NW 57th Court
  • Fort Lauderdale, FL
  • $2,700,000
  • 59,456 SF Bldg
           

Asking Price Index Trends for Fort Lauderdale, FL Industrial For Sale

  Sep 14 vs. 3 mo.
prior
Y-O-Y
-
State
$73+1.7%+8.0%
-
Metro
$108+1.8%+9.4%
-
County
$108+1.0%+9.3%
-
City
$109+2.7%+5.7%

View Fort Lauderdale Market Trends for other property types for sale or lease. Learn more about the chart info.

EABC
  • Industrial
  • $5,250,000
  • 73,216 SF