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201-215 SW 21st St 12,070 SF Industrial Building Fort Lauderdale, FL 33315 $3,495,000 ($289.56/SF) 5.58% Cap Rate
Investment Highlights
- PRIME EAST FT. LAUDERDALE LOCATION WITH IMMEDIATE ACCESS TO PORT EVERGLADES, FT. LAUD INTERNATIONAL AIRPORT, INTERSTATE 595, I-95, & FL TURNPIKE
- ALL TENANTS ON MONTH-TO-MONTH BASIS. CAN BE PUT ON LONG-TERM NNN LEASES OR CAN BE VACATED IMMEDIATELY FOR OWNER USER
- NEW HURRICANE GLASS DOORS AND WINDOWS RECENTLY INSTALLED
- 100% LEASED WITH APPROX. NOI OF $195,000.00 +/- UNDER MARKET RENTS IN PLACE WITH SIGNIFICANT ROOM TO INCREASE
- BRAND NEW ROOF & DECKING ALONG WITH BRAND NEW PAVING & PAINTING
- TREMENDOUS REVENUE GROWTH POTENTIAL WITH ALL CURRENT RENTS 100% BELOW SURROUNDING MARKET
Executive Summary
Bonvie Realty & Development, as exclusive agent for the Owner, is pleased to offer FOR SALE 201-215 SW 21st in Ft. Lauderdale. This rare small bay industrial warehouse property totals +/- 12,070 square feet & sits on a 0.48-acre site. 100% leased with an approx. NOI: $195,000 +/-. Located in one of the country’s densest and most desirable submarkets of Ft. Lauderdale. Current in-place rents for existing tenants are $20.00 modified gross with all tenants on "Month to Month" leases. Market rents remain meaningfully below the competitive set, allowing new ownership to increase rents while preserving the Property’s value-alternative positioning. Fully renovated in 2023-2026, with the following improvements: Brand-New Roof & Decking, New Impact Windows & Glass Doors, Brand New repaving-restriping, & New Paining. Located right off of St. Road-84, the property is centrally located with immediate access to Port Everglades, Ft. Lauderdale International Airport, I-595, I-95, & the Florida Turnpike. All easy approaches to the prime location.
Property Facts
Amenities
- 24 Hour Access
- Fenced Lot
- Signage
- Shallow Bay
- Storage Space
- Air Conditioning
Utilities
- Lighting
- Water
- Sewer
Moderately walkable
70/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 50-42-15-01-5580 | Improvements Assessment | $1,915,180 |
| Land Assessment | $312,410 | Total Assessment | $2,227,590 |
Property Taxes
Parcel Number
50-42-15-01-5580
Land Assessment
$312,410
Improvements Assessment
$1,915,180
Total Assessment
$2,227,590
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201-215 SW 21st St
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