821 NORTH WEST 57TH PL, Fort Lauderdale
$5,495,000 USD
Pictures
Map
Contact us
Schedule Tour
| Address | 821 NORTH WEST 57TH PL, Fort Lauderdale |
| Type of Property | Industrial |
| Type of Business | Office / Warehouse Combination, Warehouse Space |
| Business Location | Central Business District,City Location,Corner Unit,Near Airport |
| Property Style | Industrial |
| Price | $5,495,000 |
| Property Status | Active |
| MLS Number | A11884598 |
| Property Size | 44315 |
| Lot Size | 44315 |
| Year Built | 1971 |
| Folio Number | 494210110030 |
| Zoning Information | I |
| Days on Market | 11 |
Detailed Description: FOR SALE: Rare Industrial Dock-High Warehouse located at 821-841 NW 57th Place in Ft. Lauderdale. Warehouse consists of 23,777 rentable sq. Ft. On a 1.02 acre site. Total of 3-Bays that are currently 100% leased. Situated in one of the nation’s most affluent and desirable submarkets. Property benefits from strong local demand and has an excellent market position. Although occupancy is stabilized, the Offering provides clear upside with current in-place rents that are approximately 20% + / – below prevailing submarket levels. All 3 leases are NNN with an in place NOI of $344,244.00 + / -. Opportunity for new owner to raise rents in the future while maintaining the Property’s value alternative appeal. Built in 1972 with solid concrete block construction. Additional outside storage for each unit.
Internet
Property added to favorites
Loan
Mortgage
Expert
Hide
Address Information
| State | Florida |
| City | Fort Lauderdale |
| County | Broward County |
| Zip Code | 33309 |
| Address | 821 NORTH WEST 57TH PL |
| Business Location | Central Business District,City Location,Corner Unit,Near Airport |
| Section | 10 |
| Zip Code (4 Digits) | 2031 |
Financial Information
| Price | $5,495,000 |
| Price per Foot | $0 |
| Folio Number | 494210110030 |
| Tax Amount | $59,943 |
| Possession Information | Funding |
Full Descriptions
| Detailed Description | FOR SALE: Rare Industrial Dock-High Warehouse located at 821-841 NW 57th Place in Ft. Lauderdale. Warehouse consists of 23,777 rentable sq. Ft. On a 1.02 acre site. Total of 3-Bays that are currently 100% leased. Situated in one of the nation’s most affluent and desirable submarkets. Property benefits from strong local demand and has an excellent market position. Although occupancy is stabilized, the Offering provides clear upside with current in-place rents that are approximately 20% + / – below prevailing submarket levels. All 3 leases are NNN with an in place NOI of $344,244.00 + / -. Opportunity for new owner to raise rents in the future while maintaining the Property’s value alternative appeal. Built in 1972 with solid concrete block construction. Additional outside storage for each unit. |
| How to Reach | Conveniently located off of Powerline Road between Commercial Blvd. and Cypress Creek Road. Immediate access to I-95 and the Florida Turnpike. |
| Sewer Description | Public Sanitation, Storm Sewers |
| Parking Description | Loading Spaces, Shared Parking |
Property parameters
| Living Area | 44315 |
| Lot Size | 44315 |
| Total Acreage | 0.000 |
| Zoning Information | I |
| Maximum Leasable Size | 44315 |
| Year Built | 1971 |
| Type of Property | Industrial |
| Type of Business | Office / Warehouse Combination, Warehouse Space |
| Style | Industrial |
| Construction Type | Concrete Block Construction |
| Stories Number | 2 |
| Street Direction | North West |
| Listed with | Bonvie Realty |