SHALLOW BAY MULTI-TENANT INDUSTRIAL
16,200 SF | 100% Leased | Flex Building | Pompano Beach, FL 33064 | $3,250,000 ($201/SF) | 9.95% Cap Rate
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $3,250,000
- Property Type
-
Industrial
- Price / Square Foot
- $201
Listing Contacts
Harrison Auerbach
Verified Profile
Nick Watson
Verified Profile
Shane Williams
Verified Profile
- Property Info
Property Overview
Broker of Record
Kyle Matthews
License No. CQ1066435 (FL)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203
Kyle Matthews
License No. CQ1066435 (FL)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203
Property Details
- Class
- C
- Year Built/Renovated
- 1979/2021
- Stories
- 2
- Property Subtype
- Flex
- Lot Size (sq. ft)
- 16,117 SF
Highlights
- VALUE ADD OPPORTUNITY – Tenants are operating on short-term leases with below market rents with room to improve and increase the NOI
- HIGH QUALITY FACILITY – The ±16,200 SF facility was constructed in 1978 and went through major renovations in 2021.
- TROPHY INDUSTRIAL LOCATION – This property is ideally located near Pompano Beach Airport and just minutes from I-95.
- SUBMARKET FUNDAMENTALS – With little industrial development or supply over the past 18 months, landlords have been able to push rental rates
- STRONG DEMOGRAPHICS – The population within the surrounding 5-miles is a huge 273,058 residents, with an average household income of $79,751
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