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NNN Lease Sale - Classic Collision Center 1165 NW 55th St 11,133 SF 100% Leased Industrial Building Fort Lauderdale, FL 33309 $4,725,000 ($424.41/SF) 5.20% Cap Rate
INVESTMENT HIGHLIGHTS
- NNN Long term lease with Classic Collision, a publicly traded national chain of Collision Center owned by TPG ( NASDAQ)
- Recession proof tenant business located in center of major metropolitan area
- Minimal Landlord responsibilities - roof and structure
EXECUTIVE SUMMARY
TPG ( NASDAQ). Initial 15 year lease expiring in 2035 with 3 additional 5 year options to renew with escalations. Minimal landlord responsibilities - roof and structure. Buildings in good condition . Located in major metropolitan area with easy access to over 2 million people.
Offering consists of 2 separate collision buildings across the street from one another plus two additional storage lots. Can be acquired separately or in conjunction with the downtown Fort Lauderdale Classic Collision operation.
PROPERTY FACTS
| Price | $4,725,000 | Lot Size | 0.40 AC |
| Price Per SF | $424.41 | Rentable Building Area | 11,133 SF |
| Sale Type | Investment NNN | No. Stories | 2 |
| Cap Rate | 5.20% | Year Built/Renovated | 1971/2007 |
| Sale Condition | 1031 Exchange | Parking Ratio | 1.98/1,000 SF |
| Property Type | Industrial | Clear Ceiling Height | 14’ |
| Property Subtype | Service | No. Drive In / Grade-Level Doors | 3 |
| Building Class | C | ||
| Zoning | I - I-1 Industrial- City of Fort Lauderdale | ||
| Price | $4,725,000 |
| Price Per SF | $424.41 |
| Sale Type | Investment NNN |
| Cap Rate | 5.20% |
| Sale Condition | 1031 Exchange |
| Property Type | Industrial |
| Property Subtype | Service |
| Building Class | C |
| Lot Size | 0.40 AC |
| Rentable Building Area | 11,133 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1971/2007 |
| Parking Ratio | 1.98/1,000 SF |
| Clear Ceiling Height | 14’ |
| No. Drive In / Grade-Level Doors | 3 |
| Zoning | I - I-1 Industrial- City of Fort Lauderdale |
AMENITIES
- Fenced Lot
UTILITIES
- Gas
- Water
- Sewer
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Services
- 11,133 SF
- -
- Triple Net
- -
Classic Collision was established in 1983 in Atlanta, GA, with a single goal: to offer quality service to its customers with honesty and integrity. They do this by employing the best talent and using the highest-quality materials. Classic Collision is one of the largest privately-held national providers of auto body repair services with over 170 state-of-the-art repair facilities in 13 states across the U.S. For over 38 years, Classic Collision has put customer satisfaction first in all they do. They are proud to provide high-quality auto body repairs with properly trained technicians and the appropriate equipment. They hold numerous manufacturer certifications and factory-direct training which makes them a leader in comprehensive collision repair.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Services | 11,133 SF | - | Triple Net | - |
PROPERTY TAXES
| Parcel Number | 49-42-16-10-0010 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,631,320 |
PROPERTY TAXES
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NNN Lease Sale - Classic Collision Center | 1165 NW 55th St
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