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$1,200,000
Est. payment /mo
5,467 SqFt
UPDATED:
10/25/2024 08:23 PM
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 5,467 sqft
Price per Sqft $219
MLS Listing ID A11663351
HOA Y/N No
Year Built 1967
Lot Size 0.253 Acres
Property Description
537 - 549 NE 34 STREET is a self-storage/micro-bay industrial property featuring Twenty 300 SF units & two common area restrooms located on the north-end of the property. Most units are leased by local businesses, tradesmen, or used for self-storage. Bay’s 11-13 totaling 600 SF leased for $30 PSF (modified gross). Bay 19 (300 SF) and Bay 20 (300 SF) leased for $31.65 PSF and $31.95 PSF respectively. These deals were in the Top range of Comparable Lease Rates for small self-storage/micro-bay industrial properties within Oakland Park. With 4,267 SF of the 5,467 SF building remaining under market rate, the property has proven upside to slowly re-tenant and bring rents up to $29-32 PSF.
Location
State FL
County Broward
Area 3020
Others
Tax ID 494223055510
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Listed by APEX Capital Realty LLC
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Milton Knight, CRS
Principal Real Estate Broker | License ID: 0663675
Principal Real Estate Broker License ID: 0663675