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5960 SW 23rd St 5960-5992 SW 23rd St 6,000 SF 100% Leased Flex Building West Park, FL 33023 $2,375,000 ($395.83/SF) 5.18% Cap Rate
Investment Highlights
- RENOVATED & BUILT OUT 6 BAYS WITH UNLIMITED OPPORTUNITIES! COULD BE COLLISSION / REPAIR SHOP, PAINT SHOP, WINDOW TINTING, OIL CHANGES
- With 12’ roll-up door clearance, six grade-level roll-up garage doors.
- Property is grandfathered for mechanic and auto repair use. New concrete roof installed in 2020. Milestone Report completed approximately 6 years ago
- Concrete block construction featuring a Six-bay industrial layout: two double bays ±2,000 SF and two bays ±1,000 SF. 16’ clear ceiling height.
- Phase 3 electrical service. 100% tenant-occupied investment asset. 11 on-site parking spaces.
- Office build-out in two bays. Prime location off SR-7 with quick access to I-95 and the Florida Turnpike.
Executive Summary
RENOVATED & BUILT OUT 6 BAYS WITH UNLIMITED OPPORTUNITIES! COULD BE COLLISSION / REPAIR SHOP, PAINT SHOP, WINDOW TINTING, OIL CHANGES, ETC... PLUS WAREHOUSE & OFFICE SPACE IN BOOMING WEST PARK! RIGHT OFF OF BUSY STATE RD 7 & JUST NORTH OF HALLANDALE BEACH BLVD! Freestanding ±6,000 SF corner warehouse building with four electrical meters. Concrete block construction featuring a six-bay industrial layout: two double bays ±2,000 SF and two bays ±1,000 SF. 16’ clear ceiling height with 12’ roll-up door clearance. Six grade-level roll-up garage doors. Phase 3 electrical service. 100% tenant-occupied investment asset. 11 on-site parking spaces. Property is grandfathered for mechanic and auto repair use. New concrete roof installed in 2020. Milestone Report completed approximately six years ago. Office build-out in two bays. Prime location off SR-7 with quick access to I-95 and the Florida Turnpike. Please ask us about the 3-2-1 approved lender buydown. Meaning you get an interest rate as low as 3% with a low monthly payment!! PERFECT PLACE TO OPERATE YOUR BUSINES, MAKE CASH FLOW & INVESTMENT INCOME! CHECK FINANCIALS IN DOCUMENTS. POSSIBLE 7+ CAP RATE! Roof replaced 2020. Milestone report done 6 years ago. Insurance: 4,500. Water: 200. 11 parking spots and 1 disabled. Great Opportunity!
Property Facts
| Price | $2,375,000 | Lot Size | 0.27 AC |
| Price Per SF | $395.83 | Rentable Building Area | 6,000 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 5.18% | Year Built | 1966 |
| Property Type | Flex | Parking Ratio | 0.67/1,000 SF |
| Property Subtype | Showroom | Clear Ceiling Height | 16’ |
| Building Class | C | Opportunity Zone |
Yes
|
| Zoning | TOC - AUTO REPAIR ALLOWED with Grandfathered Licence in Bay 5960 Transit Oriented Corridor TOC | ||
| Price | $2,375,000 |
| Price Per SF | $395.83 |
| Sale Type | Investment |
| Cap Rate | 5.18% |
| Property Type | Flex |
| Property Subtype | Showroom |
| Building Class | C |
| Lot Size | 0.27 AC |
| Rentable Building Area | 6,000 SF |
| No. Stories | 1 |
| Year Built | 1966 |
| Parking Ratio | 0.67/1,000 SF |
| Clear Ceiling Height | 16’ |
| Opportunity Zone |
Yes |
| Zoning | TOC - AUTO REPAIR ALLOWED with Grandfathered Licence in Bay 5960 Transit Oriented Corridor TOC |
Amenities
- Fenced Lot
- Front Loading
- Wheelchair Accessible
- Storage Space
- Smoke Detector
Utilities
- Lighting - Fluorescent
- Gas
- Water - City
- Sewer - County
- Heating
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Max Appliances LLC
- Retailer
- -
- -
- -
- -
- Muffler Pros
- Services
- -
- -
- -
- -
- P S Auto Repair
- Services
- -
- $108.00
- Modified Gross
- May 2017
- Southeast Fence Inc
- Services
- -
- $13.65
- Modified Gross
- Aug 2019
- USA Sound Inc.
- Retailer
- -
- $15.15
- Modified Gross
- Apr 2017
- Vianic Auto Repair
- Services
- -
- $15.60
- Modified Gross
- Dec 2018
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Max Appliances LLC | Retailer | - | - | - | - | |
| Muffler Pros | Services | - | - | - | - | |
| P S Auto Repair | Services | - | $108.00 | Modified Gross | May 2017 | |
| Southeast Fence Inc | Services | - | $13.65 | Modified Gross | Aug 2019 | |
| USA Sound Inc. | Retailer | - | $15.15 | Modified Gross | Apr 2017 | |
| Vianic Auto Repair | Services | - | $15.60 | Modified Gross | Dec 2018 |
1 1
Walk Score®
Very Walkable (76)
Property Taxes
| Parcel Number | 51-41-24-02-1130 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $933,660 |
Property Taxes
Parcel Number
51-41-24-02-1130
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$933,660
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5960 SW 23rd St | 5960-5992 SW 23rd St
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