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214 Margate Ct
Margate, FL 33063
100% Occupied + 6.23% CAP Stable Cash-Flow · Industrial Property For Sale
Investment Highlights
- 100% Occupied / Actual NOI In-Place at 6.23% CAP Rate.
- Multi-Tenant Freestanding Automotive Building.
- Convenient access to Sawgrass Expwy, Florida's Turnpike, and I-95.
- Essential Automotive Businesses that never closed down.
Property Facts
Amenities
- 24 Hour Access
- Front Loading
- Security System
- Signage
- Waterfront
- Air Conditioning
Utilities
- Lighting
- Water - City
About 214 MARGATE CT , MARGATE, FL 33063
PRINCIPALS ONLY. First time on the market in over 20 years. In-Place Actual NOI of $180k at 6.23% CAP Rate. This Small Bay Multi-Tenant property is comprised of five (5x) stable tenants with an average operating history of 16 years at the site. The tenant mix includes essential businesses such as auto care and specialty niche services, and has remained operational throughout the pandemic. 40 Year Certification Completed. The site's TOC-C -TRANSIT-ORIENTED CORRIDOR Zoning may allow for Value-Add redevelopment potential.
Property Taxes
| Parcel Number | 48-41-36-04-0090 | Improvements Assessment | $2,184,780 |
| Land Assessment | $959,320 | Total Assessment | $3,144,100 |
Property Taxes
Parcel Number
48-41-36-04-0090
Land Assessment
$959,320
Improvements Assessment
$2,184,780
Total Assessment
$3,144,100
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