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Retail & Industrial in Downtown Oakland Park 4351 NE 12th Ter 33,263 SF 100% Leased Retail Building Oakland Park, FL 33334 $7,499,000 ($225.45/SF) 8.52% Cap Rate
EXECUTIVE SUMMARY
This is a rare opportunity to acquire a fully-leased, 100% NNN commissary kitchen and entertainment venue generating an attractive 8.24% cap rate. Commissary kitchens remain in high demand and are notoriously difficult to replicate due to costly buildouts and strict zoning, especially in central urban areas. This property is located just east of I-95, ideally positioned to service Downtown Fort Lauderdale, Oakland Park, and Wilton Manors, all within a short 15- to 20-minute drive radius.
The asset is currently 100% occupied by two seasoned tenants with established track records at the property, providing immediate rental income stability and credit strength. With one tenant near the end of the current lease terms, the property also offers the flexibility for potential owner occupancy, adding long-term versatility to the investment. Designed with functionality in mind, the property features dock-height loading bays to facilitate smooth food and supply deliveries, as well as ample on-site surface parking to support operational ease.
This turnkey asset blends strong in-place cash flow with long-term flexibility, making it a strategic acquisition in a supply-constrained, high-growth sector of South Florida.
The asset is currently 100% occupied by two seasoned tenants with established track records at the property, providing immediate rental income stability and credit strength. With one tenant near the end of the current lease terms, the property also offers the flexibility for potential owner occupancy, adding long-term versatility to the investment. Designed with functionality in mind, the property features dock-height loading bays to facilitate smooth food and supply deliveries, as well as ample on-site surface parking to support operational ease.
This turnkey asset blends strong in-place cash flow with long-term flexibility, making it a strategic acquisition in a supply-constrained, high-growth sector of South Florida.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
33,263 SF
Building Class
B
Year Built/Renovated
1960/2019
Price
$7,499,000
Price Per SF
$225.45
Cap Rate
8.52%
NOI
$638,600
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
5 Exterior
Building FAR
0.40
Lot Size
1.90 AC
Zoning
B-3, Oakland Park - General Business
Parking
97 Spaces (2.99 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Conferencing Facility
- Fenced Lot
- Security System
- Storage Space
- Air Conditioning
Walk Score®
Very Walkable (75)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 49-42-23-00-0104 | Improvements Assessment | $5,952,390 |
| Land Assessment | $992,810 | Total Assessment | $6,945,200 |
PROPERTY TAXES
Parcel Number
49-42-23-00-0104
Land Assessment
$992,810
Improvements Assessment
$5,952,390
Total Assessment
$6,945,200
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Retail & Industrial in Downtown Oakland Park | 4351 NE 12th Ter
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