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$1,599,000
Price adjustment -value-add opportunity owner financing available. the property consists of an 8368 ft.² flex warehouse located on the corner of prospect & powerline rd. offering exceptional exposure with a traffic count of 28,000 cars daily. there are 6 month-to-month tenants. the first 3 account for almost 90% of the building and their rent is significantly below market rent which is $12.00, $10.20 and $17.60/sf respectively. the other 3 tenants total less than 1000 ft.². the tenants pay gross rent. the loss to old lease is significant as market rent is between $20-$25 per square foot modified gross. being priced at less than $200 per square foot, the acquisition provides a unique opportunity for a single user tenant or investor with a stabilized market capitalization rate of over 9%.Gelfand Realty Miami Properties for Sale - Commercial for Sale
Back 4401 POWERLINE RD, OAKLAND PARK, FL 33309
Commercial - for Sale
4401 POWERLINE RD, OAKLAND PARK, FL 33309
Asking Price$1,599,000
Share by:
- Year Built 1971
-
Days on market:
167 day(s) Tax Legal Description:
TWIN LAKES 29-23 B PT OF LOTS 2 & 3 BLK 25 DESC AS BEG AT A PT ON N R/W/L NW 44 ST AKA PROSPECT HWY 16.31 WLY OF WLY R/W/L OF POWERLINE RD,Tax Year:
2022-
MLS:
F10377068 -
Property Type:
Commercial
Description
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