For Sale
$575,000

4407 10Th AveOakland Park, FL 33334

Six-Unit Warehouse, 100% Occupied

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents a six-unit warehouse portfolio located at 4407 NE 10th Ave, Oakland Park, Florida 33334. The property totals 2,500 square feet, boasting a strong 100% occupancy rate with six individual tenants under modified month-to-month leases. Each unit features its own bathroom and is separately metered for electricity, offering both convenience and efficient utility management. The building is a single-story Class C structure with ample parking (six spaces per unit). The asking price is $575,000, representing a compelling $230 per square foot and a 6.00% capitalization rate based on a Net Operating Income (NOI) of $35,144. The property benefits from recent exterior paint upgrades completed in 2023. All units are currently leased at market rates, ensuring a stable and predictable income stream. Financial statements, including the 2023 Profit & Loss statement and rent roll, are available upon request. This stabilized investment is ideal for buyers seeking a high-occupancy, multi-tenant warehouse portfolio in a desirable Broward County location. The property's strong performance and recent improvements make it a particularly attractive acquisition. All inquiries must come from principals only.

Property Details for 4407 10Th Ave

Property type
Warehouses, Industrial properties
Square Feet
2,500 SF
Class
C
Stories
1
Units
6

Location Insight

City
Oakland Park
County
Broward
State
Florida
Latitude
26.1818548
Longitude
-80.1339068
4407 10Th Ave, Oakland Park, Florida

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4407 10Th Ave
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