Self-Storage/Micro-Bay Industrial | 537-549 NE 34th St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Self-Storage/Micro-Bay Industrial 537-549 NE 34th St
5,467 SF Industrial Building Oakland Park, FL 33334 £938,940 (£172/SF)
Investment Highlights
- Unit Count: 20 Units
- Number of Current Tenants: 10
- Vacancies: 3 Units (300 SF each)
- Folio #: 494223055510
Executive Summary
537 - 549 NE 34 STREET is a self-storage/micro-bay industrial property featuring Twenty 300 SF units and two common area restrooms located on the north-end of the property. Most units are leased by local businesses, tradesmen, or used for self-storage.
Bay’s 11-13 totaling 600 SF leased for $30 PSF (modified gross). Bay 19 (300 SF) and Bay 20 (300 SF) leased for $31.65 PSF and $31.95 PSF respectively. These deals were in the Top range of Comparable Lease Rates for small self-storage/micro-bay industrial properties within Oakland Park. With 4,267 SF of the 5,467 SF building remaining under market rate, the property has proven upside to slowly re-tenant and bring rents up to $29-32 PSF.
The seller is also open to market-rate offers for the adjacent raw land, 551 NE 34 ST (Folio 494223055500), which is currently zoned residential (R-2). A preliminary review by a local land-use attorney suggests promising potential for a change of use (to I-1).
Bay’s 11-13 totaling 600 SF leased for $30 PSF (modified gross). Bay 19 (300 SF) and Bay 20 (300 SF) leased for $31.65 PSF and $31.95 PSF respectively. These deals were in the Top range of Comparable Lease Rates for small self-storage/micro-bay industrial properties within Oakland Park. With 4,267 SF of the 5,467 SF building remaining under market rate, the property has proven upside to slowly re-tenant and bring rents up to $29-32 PSF.
The seller is also open to market-rate offers for the adjacent raw land, 551 NE 34 ST (Folio 494223055500), which is currently zoned residential (R-2). A preliminary review by a local land-use attorney suggests promising potential for a change of use (to I-1).
Property Facts
| Price | £938,940 | Rentable Building Area | 5,467 SF |
| Price Per SF | £172 | Number of Floors | 1 |
| Sale Type | Investment | Year Built | 1967 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Distribution | Clear Ceiling Height | 10 ft |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 0.25 AC |
| Price | £938,940 |
| Price Per SF | £172 |
| Sale Type | Investment |
| Property Type | Industrial |
| Property Subtype | Distribution |
| Building Class | C |
| Lot Size | 0.25 AC |
| Rentable Building Area | 5,467 SF |
| Number of Floors | 1 |
| Year Built | 1967 |
| Tenancy | Single |
| Clear Ceiling Height | 10 ft |
| Opportunity Zone |
Yes |
Walk Score ®
Very Walkable (87)
Bike Score ®
Very Bikeable (71)
PROPERTY TAXES
| Parcel Number | 49-42-23-05-5510 | Improvements Assessment | £311,008 |
| Land Assessment | £77,478 | Total Assessment | £427,335 |
PROPERTY TAXES
Parcel Number
49-42-23-05-5510
Land Assessment
£77,478
Improvements Assessment
£311,008
Total Assessment
£427,335
zoning
| Zoning Code | I-1 (Light Industrial) |
| I-1 (Light Industrial) |
1 of 10
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Self-Storage/Micro-Bay Industrial | 537-549 NE 34th St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.