This property is Off-Market

5101 NW 21st Avenue
Fort Lauderdale, FL 33309 ·

73,216 SF · Industrial For Sale

N/A

Print

EABC

Price N/A Property Use Type Investment
Building Size 73,216 SF Tenancy Multiple
Property Type Industrial Clear Ceiling Height 16 ft.
Property Sub-type Flex Space Lot Size 6.09 SF
Listing ID: 18515003 Date Created: 01/14/2014 Last Updated: 01/21/2015

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.

Research

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

Property Record Data - Historical Listings, current tax, mortgage, owners & tenant info for this property

Fort Lauderdale Market Trends - Asking price index trends, sale price trends, asking rent trends

Similar Listings

The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.

I am a place holder, please don't judge me!!! (no, I judge you!)