1601 38th ,Industrial for Sale & Rent

1601 38th for Sale & Rent

Price $5,200,000.00

• Lot size 61655
• Year Build 1977
• Waterfront
• Zip 33311
• Style
• Parking Description Common
• Pool Yes
• Status Active

Description

Freestanding 24,850 SqFt Industrial building .The property is situated on a total of 1.6 Acre with immediate income as the property is 100% leased with diverse tenants (9 bays ) long term tenants some over 10 years .opportunity for a new owner to raise rents to market value (currently rents are below market value) making this investment prime for increased ROI . Building clear ceiling 14' .The property, value-add, industrial flex warehouse located in Lauderhill "industrial park " , on a strategic corner across from UPS ,this property is in an outstanding location for industrial uses and can be a strategic asset to own. Freestanding 24,850 SqFt Industrial building .The property is situated on a total of 1.6 Acre with immediate income as the property is 100% leased with diverse tenants (9 bays ) long term tenants some over 10 years .opportunity for a new owner to raise rents to market value (currently rents are below market value) making this investment prime for increased ROI . Building clear ceiling 14' .The property, value-add, industrial flex warehouse located in Lauderhill "industrial park " , on a strategic corner across from UPS ,this property is in an outstanding location for industrial uses and can be a strategic asset to own.

INDUSTRIAL 100 UNIT 2 85-2 B PORTION OF TR D DESC AS COMM SW COR OF TR B OF INDUSTRIAL 100 UNIT ONE-PB-85-3-B,ELY 40 TO POB,CONT ELY 255,SLY

Commerce Park, Industrial Park

Freestanding 24,850 SqFt Industrial building .The property is situated on a total of 1.6 Acre with immediate income as the property is 100% leased with diverse tenants (9 bays ) long term tenants some over 10 years .opportunity for a new owner to raise rents to market value (currently rents are below market value) making this investment prime for increased ROI . Building clear ceiling 14' .The property, value-add, industrial flex warehouse located in Lauderhill "industrial park " , on a strategic corner across from UPS ,this property is in an outstanding location for industrial uses and can be a strategic asset to own. Freestanding 24,850 SqFt Industrial building .The property is situated on a total of 1.6 Acre with immediate income as the property is 100% leased with diverse tenants (9 bays ) long term tenants some over 10 years .opportunity for a new owner to raise rents to market value (currently rents are below market value) making this investment prime for increased ROI . Building clear ceiling 14' .The property, value-add, industrial flex warehouse located in Lauderhill "industrial park " , on a strategic corner across from UPS ,this property is in an outstanding location for industrial uses and can be a strategic asset to own.

City:Lauderhill,Sewer:1:Public Sanitation,2:Sewer,Zoning:CW,Country:United States,List A O R:BeachesMLS,Tax Year:2021,Latitude:26.146587,Cooling Y N:1,Heating Y N:1,List Price:5200000,Listing Id:F10364573,Longitude:-80.200241,Mls Status:Active,Ownership:Corporation,Year Built:1977,Directions:USE GPS,Inclusions:Land Only, Business; Building And Land,Postal Code:33311,Street Name:38th,Coordinates:1:26.146587,Gross Income:337685,Lot Features:1:Industrial Park,Photos Count:5,Business Type:1:Heavy Manufacturing,2:Light Manufacturing,Days On Market:1232,Lot Size Acres:1.6,Lot Size Units:Square Feet,M I A M I R E_ Area:3560,On Market Date:2023-01-20,Other Expense:208284,Parcel Number:494231240021,Property Type:Commercial Sale,Street Number:1601,Street Suffix:Avenue,Ownership Type:Corporation,Public Remarks:Freestanding 24,850 SqFt Industrial building .The property is situated on a total of 1.6 Acre with immediate income as the property is 100% leased with diverse tenants (9 bays ) long term tenants some over 10 years .opportunity for a new owner to raise rents to market value (currently rents are below market value) making this investment prime for increased ROI . Building clear ceiling 14' .The property, value-add, industrial flex warehouse located in Lauderhill "industrial park " , on a strategic corner across from UPS ,this property is in an outstanding location for industrial uses and can be a strategic asset to own. Freestanding 24,850 SqFt Industrial building .The property is situated on a total of 1.6 Acre with immediate income as the property is 100% leased with diverse tenants (9 bays ) long term tenants some over 10 years .opportunity for a new owner to raise rents to market value (currently rents are below market value) making this investment prime for increased ROI . Building clear ceiling 14' .The property, value-add, industrial flex warehouse located in Lauderhill "industrial park " , on a strategic corner across from UPS ,this property is in an outstanding location for industrial uses and can be a strategic asset to own.,County Or Parish:Broward County,Expiration Date:2026-06-30,List Office Name:Cohen Realty Group,Standard Status:Active,Living Area Units:Square Feet,M I A M I R E_ Num Bays:9,Major Change Type:Price Increase,Postal Code Plus4:4116,Property Sub Type:Industrial,State Or Province:FL,Street Dir Prefix:NW,Tax Annual Amount:48648,Total Actual Rent:337685,Unparsed Address:1601 NW 38th Avenue, Lauderhill FL 33311,Listing Agreement:Exclusive Right To Sell,M I A M I R E_ Blogging:1,Operating Expense:104142,Security Features:1:Smoke Detector(s),2:Fire Alarm,3:Smoke Detector,Year Built Details:Resale,Building Area Units:Square Feet,Leasable Area Units:Square Feet,Lot Size Square Feet:61655,M I A M I R E_ Num Meters:9,Original List Price:5467000,Previous List Price:4750000,Public Survey Range:4942,I D X Participation Y N:1,M I A M I R E_ Last Status:Active,M I A M I R E_ Num Tenants:8,Net Operating Income:233543,Syndication Remarks:Freestanding 24,850 SqFt Industrial building .The property is situated on a total of 1.6 Acre with immediate income as the property is 100% leased with diverse tenants (9 bays ) long term tenants some over 10 years .opportunity for a new owner to raise rents to market value (currently rents are below market value) making this investment prime for increased ROI . Building clear ceiling 14' .The property, value-add, industrial flex warehouse located in Lauderhill "industrial park " , on a strategic corner across from UPS ,this property is in an outstanding location for industrial uses and can be a strategic asset to own. Freestanding 24,850 SqFt Industrial building .The property is situated on a total of 1.6 Acre with immediate income as the property is 100% leased with diverse tenants (9 bays ) long term tenants some over 10 years .opportunity for a new owner to raise rents to market value (currently rents are below market value) making this investment prime for increased ROI . Building clear ceiling 14' .The property, value-add, industrial flex warehouse located in Lauderhill "industrial park " , on a strategic corner across from UPS ,this property is in an outstanding location for industrial uses and can be a strategic asset to own.,Listing Contract Date:2023-01-20,Originating System I D:miamire,Public Survey Section:31,Showing Instructions:See Broker Remarks,Street Number Numeric:1601,Tax Legal Description:INDUSTRIAL 100 UNIT 2 85-2 B PORTION OF TR D DESC AS COMM SW COR OF TR B OF INDUSTRIAL 100 UNIT ONE-PB-85-3-B,ELY 40 TO POB,CONT ELY 255,SLY,Electric On Property Y N:1,M I A M I R E_ Current Price:5200000,Public Survey Township:4942,M I A M I R E_ Year Installed:1977,Originating System Name:Miami Association of REALTORS®,M I A M I R E_ Geographic Area:Ft Ldale NW(3390-3400;3460;3540-3560;3720;3810),M I A M I R E_ Parcel Number M L X:0021,M I A M I R E_ Showing Time Flag:1,M I A M I R E_ Street View Param:1$26.146588$-80.200242$195.81$13.33$1.00$iaBQGvp_mru3qSTIA4kGRw,Contract Status Change Date:2023-01-20,Internet Address Display Y N:1,Internet Consumer Comment Y N:1,M I A M I R E_ Environmental Audit:None,M I A M I R E_ Agent Alternate Phone:954-826-7785,M I A M I R E_ Approx Sqft Total Area:61655,M I A M I R E_ Occupancy Percentage:100,Internet Entire Listing Display Y N:1,M I A M I R E_ Dade Market Amt Assessed Amt:1583280,Internet Automated Valuation Display Y N:1,