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6540 NW 20th St
Sunrise, FL 33313
Flex Property For Sale

PROPERTY FACTS

Property Type Flex
Property Subtype
Light Manufacturing
  • Industrial Manufacturing
Building Class C
Lot Size 0.12 AC
Rentable Building Area 5,304 SF
No. Stories 1
Year Built 1969
Tenancy Single
Clear Ceiling Height 10’
Zoning B-3

ABOUT 6540 NW 20TH ST , SUNRISE, FL 33313

John DeMarco with Re/Max 5 Star Realty is proud to present the sale of 6540-­6550 NW 20th Street Sunrise FL. Discreetly located in Sunrise Golf Village with private gated entrance. There are two building parcels; 6550 and 6540. Both buildings have 6 roll-up street level bays with a combined leasable square footage of 6,160 square feet. Currently all but two bays are leased. Every tenant just renewed for another year in December. The roof was replaced in April of 2018 and has a 10 year warranty. The East side of the property faces a small canal. The property is B­1 Zoning, please see enclosed in this package the acceptable uses. This package includes recent sale and lease comparables. The recent comparable warehouse sales confirming the average selling price per foot is $310 a foot with an average capitalization rate is 6.0%. This building is being sold below market value at only $175 a foot with a 6.69% actual capitalization rate. An investor can re-­­tenant the property at the current market rate of $18 p/sqft which would provide an investor with a strong 8.65% capitalization rate at the full asking rate on a pro-­forma basis. Please remember to not disturb existing tenants, to request a full tour call John DeMarco.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
49-41-27-19-0020
Land Assessment
$79,560
Improvements Assessment
$511,920
Total Assessment
$591,480
  • Listing ID: 17993448

  • Date on Market: 12/18/2019

  • Last Updated:

  • Address: 6540 NW 20th St, Sunrise, FL 33313

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