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5299 NE 12th Ave - 5299 NE 12th Ave 0.67 Acres of Industrial Land Offered at $2,180,000 in Fort Lauderdale, FL 33334
Investment Highlights
- Investment-Grade Government Tenant- (AA Rated), stronger than many major corp NNN tenants
- Tenant is responsible for all expenses, other than $11,093 of 2024 base year property taxes.
- Few industrial land sites remain in the submarket
- Landlord-friendly economics and ease of ownership
- Above average rent growth
Executive Summary
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per AC |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
Property Facts
| Price | $2,180,000 | Property Subtype | Industrial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.67 AC |
| Property Type | Land | ||
| Zoning | B-3 - Industrial | ||
| Price | $2,180,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Industrial |
| Proposed Use | |
| Total Lot Size | 0.67 AC |
| Zoning | B-3 - Industrial |
1 Lot Available
Lot
| Price | $2,180,000 | Lot Size | 0.67 AC |
| Price Per AC | $3,253,731.34 |
| Price | $2,180,000 |
| Price Per AC | $3,253,731.34 |
| Lot Size | 0.67 AC |
The City of Oakland Park is leasing the entire .67 AC lot. Zoned B-3 (Commercial-Industrial), there is no structure on the property. Investment-grade municipal net lease. 0.67-ac B-3 commercial-industrial site 100% leased to City of Oakland Park (AA/
Description
AA-rated municipal net lease. City of Oakland Park 100% leased the 0.67-ac B-3 site under a 5-yr term thru 2030. The tenant has three 2-yr options (thru 2036), 4% annual escalations, NN+ economics, tenant pays all taxes above the 2024 base year. -Credit Tenant: The City of Oakland Park carries an 'AA' credit rating from S&P Global Ratings, stronger than Walgreens, CVS, Dollar General, etc. -Underlying Real Estate Value: The site sits in one of South Florida's most supply-constrained B-3 industrial corridors (3-4% vacancy; rents 20-30% below adjacent Fort Lauderdale). -Operational Stickiness: The site is operationally integrated with the City of Oakland Park's Public Works campus immediately south at 5100 NE 12th Terrace. -Built-Out Submarket: Oakland Park's B-3 industrial corridor is fully built out with no known industrial land available to tenants.
Property Taxes
| Parcel Number | 49-42-14-20-0100 | Total Assessment | $505,460 (2026) |
| Land Assessment | $408,450 (2026) | Annual Taxes | ($1) |
| Improvements Assessment | $51,060 (2026) | Tax Year | 2025 |
Property Taxes
Presented by
5299 NE 12th Ave - 5299 NE 12th Ave
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