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5301-5319 NW 35 Terrace, Ft. Lauderdale

2 Industrial Properties Offered at £8,679,000 in Fort Lauderdale, FL

Investment Highlights

  • Two Free Standing Buildings on 3.30 acres with 45,993 SF Flex/Industrial Commerce Center
  • Building meets all state and federal regulatory compliance for Life Sciences & Health Operations
  • Property within Professional Commerce Park near retail, banks and restaurants
  • Strategically located between I-95 and FL Turnpike and adjacent to Ft. Lauderdale Executive Airport
  • Additional 20,000+ Mezzanine floor for storage

Executive Summary

Prime Investment Property, Two Free Standing buildings on 3.30 acres. Total 45,993 SF with additional mezzanine floor in certain spaces ~20,000 SF for heavy storage. Existing Tenancy includes 36,330 SF Owner occupied Life Sciences Manufacturing Facility and 9,663 SF third party Printing Facility. Possible owner leaseback. Building meets all state and federal regulatory compliance for health operations. Built out facilities include 19 Manufacturing Rooms, Emergency Backup Generator, Purified Water System, Security and Camera Systems. Potential Gross Operation Income $642,022 Cap Rate 5.58% with collection of owner occupied space rents

Data Room Click Here to Access

Taxes & Operating Expenses (Pro forma - 2024)

Annual
Gross Rental Income £426,877
Other Income £168,398
Vacancy Loss -
Effective Gross Income £595,275
Taxes £79,914
Operating Expenses £88,720
Total Expenses £168,634
Net Operating Income £426,641

Taxes & Operating Expenses (Pro forma - 2024)

Gross Rental Income
Annual £426,877
Other Income
Annual £168,398
Vacancy Loss
Annual -
Effective Gross Income
Annual £595,275
Taxes
Annual £79,914
Operating Expenses
Annual £88,720
Total Expenses
Annual £168,634
Net Operating Income
Annual £426,641

Property Facts

Price £8,679,000
Price / SF £187.25 / SF
Net Initial Yield 5.83%
Sale Type Investment or Owner User
Status Active
Number of Properties 2
Individually For Sale 0
Total Building Size 46,350 SF
Total Land Area 6.62 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
5317-5319 NW 35th Ter, Fort Lauderdale, FL 33309 Industrial 10,357 SF 1980 -
5301-5315 NW 35th Ter, Fort Lauderdale, FL 33309 Industrial 35,993 SF 1986 -
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  • Listing ID: 28928131

  • Date on Market: 30/06/2023

  • Last Updated:

  • Address: 5301-5319 NW 35 Terrace, Ft. Lauderdale, Fort Lauderdale, FL

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