5149 Northeast 12th Avenue

Oakland Park, FL 33334

Listing ID: 187602
$2,700,000
For Sale
  • Lot Size Acres 0.681
  • Building Sq Ft 20,748
  • Building Price per Sq Ft $130.13
  • Land Sq Ft 29,644
  • Land Price per Sq Ft $91.08
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Description

APEX Capital Realty is proud to exclusively present for sale G & R Industrial Park, a small bay industrial warehouse complex in Oakland Park, FL, consisting of 20,748 SF of building improvements on a 29,644 SF lot. The building is fully occupied by five tenants, and can be easily separated into seven flow through bays, with a total of 16 grade level loading doors at the rear. Three tenants are month to month, one tenant has a lease effective until November 2021, and all tenants are long term paying below market rents. The building and parking lot have been recently renovated and diligently maintained. This opportunity presents solid value add potential to bring net revenues up significantly by turning over new leases at market rate, with landlord expenses being passed through to tenants. No capital improvements needed! Real estate taxes, insurance, maintenance, and common area utilities charges are currently not being passed through to tenants, and paid by landlord. Current NOI of $158,000/year generates nearly a 6% cap rate, with tremendous upside.

Property Overview

SALE PRICE: $2,700,000

BUILDING SIZE: 20,748 SF

LOT SIZE: 29,644 SF

NUMBER OF UNITS: 7

PRICE / SF: $130.13

CAP RATE: 5.9%

NOI: $159,107

YEAR BUILT: 1976

ZONING: 48 – Warehousing, Distribution

Property Highlights

Convenient East Broward location

Solid value add potential

All tenants paying well under market rents

20,748 SF building size

7 small bay units

16 ground level doors in rear

Current NOI: $159,107/year

Attachments & Files
Listing Demographics

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile 3-Miles 5-Miles
Total Population18,648129,840310,576
Population Median Age414542
Population by Age0-9 Yrs1787 (9%)11738 (9%)33867 (10%)
10-19 Yrs1530 (8%)9878 (7%)28874 (9%)
20-29 Yrs2451 (13%)13208 (10%)37379 (12%)
30-39 Yrs2839 (15%)16014 (12%)41955 (13%)
40-49 Yrs2760 (14%)18597 (14%)40427 (13%)
50-59 Yrs2969 (15%)22003 (16%)48150 (15%)
60-69 Yrs2703 (14%)18711 (14%)38762 (12%)
70+ Yrs1609 (8%)19691 (15%)41163 (13%)
Median HH Income$53,604$55,969$50,314
Total Household Income< 24K1553 (20%)11895 (20%)30542 (24%)
25-49K1919 (25%)14319 (24%)32151 (25%)
50-74K1357 (18%)10029 (17%)22004 (17%)
75-99K805 (10%)6821 (11%)13914 (11%)
100-199K1395 (18%)9801 (16%)19154 (15%)
200K+387 (5%)5013 (8%)8260 (6%)
Highest Education LevelNo Diploma21981193334240
Diploma or GED40162642064806
Some College27991940543631
Assoc. Degree1226861719166
Bachelors Degree27212288243861
Higher Degree13291379727092
Total Housing Units8,24275,114162,806
--Owner-Occupied4,07934,13367,995
--Renter-Occupied3,33623,74458,029
Owner-Occupied Values< 100K482374710715
100-199K882787018419
200-299K801605312282
300-399K83352389088
400-499K55736545576
500K+524757111916
Total Working Age Population15,998111,865259,381
In Work Force11,59871,965164,535
Not In Work Force4,40039,89994,846
Workforce Employed10,71867,747151,456
Workforce Unemployed8804,21213,018
Civlian Workforce11,59871,959164,473
Military Workforce0662
Total Households7,41557,877126,025
Family Households4,04727,67565,013
Non-Family Households3,36830,20261,012
Married Couple2,83619,89242,133
Other Family1,2107,78322,880
Married w/Child1,0425,52712,527
Single Male w/Child1261,0092,307
Single Female w/Child4072,7958,389

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
Florida15,982,378+1818,801,310+1421,517,610+1324,340,457
Broward County1,623,018+81,748,066+111,942,686+92,120,334

No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

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