44,672 sf warehouse complex located in Oakland Park Florida. The subject offering includes four parcels, 3438 NE 5th Ave, 516 NE 34th CT, 3742 NE 5th AVE, and 519 NE 34th ST. The total leasable square footage is 44,672 feet sitting on a large 1.72-acre lot.
The entire property was recently vacated and presents an excellent opportunity for an owner user, or investor.
The subject property can be easily leased to multiple tenants after closing creating an excellent investment opportunity. There are 17 total bays. When leased and stabilized this property will net $622,200.00 per year yielding a strong 9.16% capitalization rate.