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- LoopNet Team
2120 Wiley St
Hollywood, FL 33020
Industrial Property For Sale
Property Facts
Amenities
- Bus Line
About 2120 WILEY ST , HOLLYWOOD, FL 33020
John DeMarco with Re/max 5 Star Realty is pleased to exclusively present the sale of 2120 Wiley St Hollywood. The subject property is currently leased to a single tenant who has been operating a Maaco collision and paint franchisee at this location since 1991. The physical building is in overall excellent condition. It consists of 14,919 sf of useable space well situated on a large 40,529 sf lot. The property is currently leased until September 6th 2021. Current tenant is paying $6500.00 a month, $78,000 per year net plus full CAM property taxes and insurance additional. This long term legacy tenant is well below market rent at $5.43 a foot. An investor can negotiate a new lease with existing tenant, or re-tenant this property after closing increasing rent substantially. When leased at market rates, this will provide an investor with $17,405.50 per month or. $208,866 per year yielding an above market 8.35% capitalization rate. Liberal zoning of DH-2 permits new most uses, it also allows the site to be redeveloped with generous height restrictions. See Offering Memorandum for more details. Please remember to not disturb existing tenants all showings are by appointments only.
Property Taxes
| Parcel Number | 51-42-22-22-1180 | Improvements Assessment | $1,570,670 |
| Land Assessment | $1,013,230 | Total Assessment | $2,583,900 |
Property Taxes
