ft lauderdale industrial property...ft lauderdale industrial property 806-826 nw 10th ter | fort...
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Ft Lauderdale Industrial Property806-826 NW 10th Ter | Fort Lauderdale, FL 33311
JOHN DEMARCO, [email protected]
Close proximity to I-95 and Sunrise Blvd➢
Huge warehouse with 19,368 sf of usable space sitting on oversized 37,125 square foot lot. ➢
Automotive repair and paint uses fully allowed and permitted by County. All licenses arecurrent including paint booths
➢
Perfect building for owner user or investor.➢
Liberal Zoning of B-3, which permits many uses➢
RE/MAX EXECUTIVE REALTY1939 Hollywood BlvdHollywood, FL 33020(954) 862-2600
REAL ESTATE INVESTMENT DETAILS806-826 NW 10th Ter | Fort Lauderdale, FL 33311
The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteedand should be personally verified through personal inspection by and/or with the appropriate professionals.
ANALYSIS
Analysis Date May 2016
PROPERTY
Property Ft Lauderdale Industrial PropertyProperty Address 806-826 NW 10th Ter
Fort Lauderdale, FL 33311Year Built 1959
FINANCIAL INFORMATION
All Cash
PURCHASE INFORMATION
Property Type IndustrialPurchase Price $1,800,000Tenants 1Total Rentable Sq. Ft. 19,368
LOANS
Debt Term Amortization Rate Payment LO CostsAll Cash
INCOME & EXPENSES
Gross Operating Income $0Monthly GOI $0Total Annual Expenses ($24,445)Monthly Expenses ($2,037)
CONTACT INFORMATION
John DeMarco, [email protected]
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PROPERTY DESCRIPTION806-826 NW 10th Ter | Fort Lauderdale, FL 33311
The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteedand should be personally verified through personal inspection by and/or with the appropriate professionals.
Ft Lauderdale Industrial Property806-826 NW 10th Ter
The subject property consists of threeconcurrent parcels total 19,365 square feet ofusable feet, sitting on a very large 37,125 squarefoot lot. It is currently used as an automotiverepair and collusion business. This property isfully licensed with the county for repair andcollusion, and all paint booths are also licensedand up to code.
There are warehouse bays, some of whichare connected. Two of the buildings have abrand new roof. There is a large fenced in rearlot. This property is very close to I-95 andSunrise blvd. Perfect for an owner user in the automotive field that wants to rent out the balance ofthe property and offset their costs.
This property also works very well for an investor; an investor could lease this entire building out for$10 a square foot, which after expenses would allow them to net $193,680 per year, providing avery strong 10.76% capitalization rate when leased.
This is an amazing investment opportunity, please remember to not disturb existing business ortenants, all showings are by appointment only, for additional information or showings please contactJohn DeMarco.
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PROPERTY PHOTOS806-826 NW 10th Ter | Fort Lauderdale, FL 33311
The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteedand should be personally verified through personal inspection by and/or with the appropriate professionals.
806-826 NW 10 Ter
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806-826 NW 10th Ter | Fort Lauderdale, FL 33311
The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteedand should be personally verified through personal inspection by and/or with the appropriate professionals.
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MA
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LS806-826 N
W 10th Ter | Fort Lauderdale, FL 33311
The accuracy of all information, regardless of source, including but not lim
ited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by
and/or with the appropriate professionals.
Ft Lauderdale Industrial Property806-826 N
W 10th Ter
Area map
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MA
PS AN
D A
ERIA
LS806-826 N
W 10th Ter | Fort Lauderdale, FL 33311
The accuracy of all information, regardless of source, including but not lim
ited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by
and/or with the appropriate professionals.
Ft Lauderdale Industrial Property806-826 N
W 10th Ter
Location map
P. 7
SALES COMPARABLES806-826 NW 10th Ter | Fort Lauderdale, FL 33311
The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteedand should be personally verified through personal inspection by and/or with the appropriate professionals.
Subject 3
1%
2%
3%
4%
5%
6%
7%
8%
Avg.6.0
Cap Rate
Subject 1 2 3 4
$32
$64
$96
$128
$160
$192
$224
$256
Avg.$169.40
Price per Sq. Ft.
P. 8
SALES COMPARABLES806-826 NW 10th Ter | Fort Lauderdale, FL 33311
The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteedand should be personally verified through personal inspection by and/or with the appropriate professionals.
S Ft Lauderdale Industrial Property806-826 NW 10th TerFort Lauderdale, FL 33311
Sale Price $1,800,000Tenants 1Price/Tenant $1,800,000Price/SqFt $92.94Cap Rate -1.36%Year Built 1959
1 Hollywood Mixed Use Building 1128 N Federal HwyHollywood, FL 33020
Sale Price $1,600,000Tenants 11Price/Tenant $145,455Price/SqFt $183.78Cap Rate N/AYear Built N/ASale Date 2/10/2016
2 5301 SW 25 Ct5301 SW 25 CtPembroke Park, FL
Sale Price $650,000Tenants 1Price/Tenant $650,000Price/SqFt $127.45Cap Rate N/AYear Built N/ASale Date 3/29/2016
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SALES COMPARABLES806-826 NW 10th Ter | Fort Lauderdale, FL 33311
The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteedand should be personally verified through personal inspection by and/or with the appropriate professionals.
3 Hollywood Commercial1300 N DixieHollywood, FL 33020
Sale Price $300,000Tenants 1Price/Tenant $300,000Price/SqFt $248.96Cap Rate 6.0%Year Built N/ASale Date 2/23/2016
4 Hollywood Mixed Use Building 1714 N Dixie HwyHollywood, FL 33021
Sale Price $399,000Tenants 0Price/Tenant N/APrice/SqFt $117.42Cap Rate N/AYear Built N/ASale Date 5/6/2015
NOTESWas vacant at this time of purchase with no income.
P. 10
PRO FORMA INCOME/EXPENSE806-826 NW 10th Ter | Fort Lauderdale, FL 33311
The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteedand should be personally verified through personal inspection by and/or with the appropriate professionals.
INCOMEActual Per SF Market Per SF
Gross Potential Rent $0 $0.00 $193,680 $10.00Less: Vacancy $0 $0.00 $0 $0.00Reimbursements $0 $0.00 $24,445 $1.26
Effective Gross Income $0 $0.00 $218,125 $11.26
OPERATING EXPENSESActual Per SF Market Per SF
Taxes - Personal Property $24,445 $1.26 $24,445 $1.26Total Expenses ($24,445) ($1.26) ($24,445) ($1.26)
Net Operating Income ($24,445) ($1.26) $193,680 $10.00
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PRO FORMA INCOME/EXPENSE806-826 NW 10th Ter | Fort Lauderdale, FL 33311
The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteedand should be personally verified through personal inspection by and/or with the appropriate professionals.
TENANT ANNUAL SCHEDULED INCOMETenant Actual Market
$0 $193,680TOTALS $0 $193,680
ANNUALIZED INCOMEActual Market
Gross Potential Rent $0 $193,680Less: Vacancy $0 $0Reimbursements $0 $24,445Effective Gross Income $0 $218,125Less: Expenses ($24,445) ($24,445)Net Operating Income ($24,445) $193,680
ANNUALIZED EXPENSESActual Market
Taxes - Personal Property $24,445 $24,445
Total Expenses $24,445 $24,445Expenses Per RSF $1.26 $1.26
INVESTMENT SUMMARYPrice: $1,800,000
Year Built: 1959
Tenants: 1
RSF: 19,368
Price/RSF: $92.94
Lot Size: 37,125 sf
Floors: 1
APN: 4942 34 06
Cap Rate: -1.36%
Market Cap Rate: 10.76%
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806-826 NW 10th Ter | Fort Lauderdale, FL 33311
The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteedand should be personally verified through personal inspection by and/or with the appropriate professionals.
CityofFortLauderdaleZoningB-3-HeavyCommercial/LightIndustrialBusinessDistrictisintendedforheavycommercialbusinessuses,wholesale,warehousing,storageoperationsandestablishmentsconductingactivitiesofthesamegeneralcharacter.TheB-3districtislocatedalongmajortransportationarterialswhichhaveconvenientaccesstotheinterstateyetarelimitedintheiraccessibilitytolocalstreetstherebylimitinghightrafficgeneratingcommercialbusinessusesatsuchlocations.TheB-3districtisalsolocatedonsitesconcentratedaroundothermajortransportationdraws,suchasairports,portsandrailways.DistrictCategories—Automotive,Boats,WatercraftandMarinas,CommercialRecreation,FoodandBeverageSalesandService,LightManufacturing,Lodging,PublicPurposeFacilities,RetailSales,Services/OfficeFacilities,WholesaleTrade,StorageandWarehousing,andAccessoryUses,BuildingsandStructures.Maximumheight150Ft
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LOCATION MAP806-826 NW 10th Ter | Fort Lauderdale, FL 33311
The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteedand should be personally verified through personal inspection by and/or with the appropriate professionals.
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