3031-3035 12th Ter 9,660 SF 100% Leased Industrial Building Oakland Park, FL 33334 $2,499,999 ($258.80/SF) 6% Cap Rate

Apex Capital Realty is proud to exclusively present this exceptional opportunity to purchase 3031-3035 NE 12th Terrace, a 9,660 SF double bay industrial/flex property in Oakland Park, Florida. Featuring two grade-level loading doors at the front and rear of the building, designed for "flow-thru" functionality. The building consists of 2 equally sized unit, which benefit from 16 foot ceiling heights with a Twin-T roof system and an open floor plan with no interior columns.
This freestanding warehouse property sits on a generous 13,011 SF lot, providing comfortable access to the rear of each unit with alleyways on each side. One unit is currently occupied by an expert mechanic tenant specializing in older model European classic cars. That tenant currently pays $19.67/SF gross ($95,000 annually) has a lease expiring in March 2027, providing stable income and then an opportunity to renegotiate their lease, or bring in a market rate tenant.
Could be perfect for an end user / owner user needing to occupy space while collecting solid rental income!
Each unit includes a small front entrance office, and restroom with extra storage room. Ideally located steps away from the busy East Oakland Park Blvd and Dixie Hwy, in the WF - Warehouse Flex (WF) district, which allows a wide variety of potential uses. For more information on permitted uses, please use this link to check Oakland Park’s zoning code for this district. This area is also known as River's Edge, which is just North of Wilton Manors and Middle River, and just South of Oakland Park's CBD - Central Business District and Coral Ridge Country Club. These areas have experience exponential growth in recent years. As local and international developers seek to stake their claim on the South Florida market, dozens of new high rise residential towers and retail projects have reshaped these northeast Broward County neighborhoods.