$1,930,000
$2,100,000
8.1%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 06/21/2021
Key Details
Sold Price $1,930,000
Property Type Commercial
Sub Type Industrial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID F10268257
Sold Date 06/21/21
Construction Status Resale
HOA Y/N No
Total Fin. Sqft 20000
Year Built 1970
Property Sub-Type Industrial
Property Description
The subject property is a 15,840 ft.² single user warehouse with 22'clear ceilings, 4 loading docks (1 of which is dock height) and 10% office situated on 20,038 ft.². The property is considered to be in above average condition and is located in the central Broward industrial submarket of Tamarac.
The property is leased to Yana Shiki USA who originally took occupancy in 2006. They are a motor vehicle supplies & new parts merchant wholesaler. They are currently under a lease which expires 10/2025. The tenant pays $10,000 a month or $7.58 per square foot rented on a triple net basis. There is one option for an additional 60 months under the same terms. Market rent on a net basis is approximately $9.50 per square foot.
The subject property is in the Tamarac Business Center
Location
State FL
County Broward County
Area Ft Ldale Nw(3390-3400;3460;3540-3560;3720;3810)
Interior
Flooring Concrete Floors
Exterior
Water Access N
Roof Type Built-Up Roof
Private Pool No
Building
Foundation Concrete Block Construction
Sewer Public Sanitation
Water Public Water
Construction Status Resale
Others
Pets Allowed No
Ownership Self Proprietor/Individual
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