John DeMarco with Re/Max 5 Star Realty is pleased to present the sale of 5676, 5700, 5706 Funston St, Hollywood Florida.
This property consists of 10,370 square feet of usable space well situated on a large 15,372 square foot lot. Property is zoned IM2 which permits most heavy industrial uses. TwinT concrete roof. All automotive uses allowed. Clean phase II environmental report on file. This property contains 4 bays allocated as follows; 5706 bays A and B (2 bays) are 1750 sf each, 5700 and 5676 (2 bays) are 3450 sf each. The property can also work for an owner-user who can occupy the property. There is currently 1 tenant on a triple net lease who pays full CAM passthroughs. The current gross annual income is $25,200. This property can also work for an investor. When the vacant bays are leased at the current leasing rate of $13 p/sf NNN, this property will gross $163,256 annually and net $134,996 per year which will provide an investor with an above-market capitalization rate of 9.0%.
Excellent location for your business and to invest in the booming industrial real estate market. Please remember to not disturb existing tenant, all showings are by appointment only, call for additional information. Seller financing is also available to qualified buyer.
