Sistrunk District Single-Tenant Industrial 724-732 NW 8th Ave ave 3,137 SF 100% Leased Industrial Building Fort Lauderdale, FL 33311 $2,200,000 ($701.31/SF) 5.77% Cap Rate

DWNTWN Realty Advisors is pleased to exclusively present 724-732 NW 8th Avenue (the "Property"), a 3,000 SF warehouse building on a 16,875 square foot lot, located in Fort Lauderdale's Sistrunk District. The Property comprises two contiguous parcels with 125 feet of frontage on NW 8th Avenue and 135 feet of depth. The improvement is a one-story CBS structure containing a 1,316 SF workshop, 774 SF of interior storage, a 204 SF waiting room, private office, employee room, two restrooms, and mechanical space, with roughly 11 feet of ceiling height.
The Property is 100% leased to AMKON LLC on a five-year lease executed April 22, 2025 for office use, vehicle storage, and fleet maintenance. Current in-place rent is $149,760 per year. The lease runs through April 2030, with two five-year renewal options at the greater of fair market value or 4% over the preceding year, and is secured by a $24,000 deposit and an unconditional personal guaranty from the tenant's principal. Taxes and insurance sit on a 2025 base year with the tenant paying all increases above base and carrying its own utilities, waste removal, and interior maintenance, leaving ownership responsible only for roof and structure.
Against annual operating expenses of $22,850, the Property produces NOI of $126,910, a 5.8% cap rate on the $2,200,000 asking price and a basis of $130 per land square foot. The lease also reserves the landlord an unconditional right to terminate on 90 days' notice, a provision that has already vested and conveys at sale, giving an incoming owner full control of the site for owner-user occupancy while collecting escalating income in the interim. Secured, paved industrial outdoor storage at this scale is irreplaceable in Fort Lauderdale's urban core, where the remaining industrial land base is being absorbed by residential and mixed-use development. This represents a rare opportunity to acquire a guaranteed, escalating income stream today on a site an owner can recapture on 90 days' notice tomorrow, in one of Broward County's most active redevelopment corridors.