Description
This 9,615 SF flex space building is a perfect blend of office and true industrial situated on a large 19,540 SF lot. Parking lot across the street is on a long term lease with the city of Hallandale Beach and provides a tremendous amount of available parking. The building as well as the adjacent lot is being sold for $4,250,000. The property is 100% occupied by 3 tenants and is currently netting $184,368 per year which will provide an investor with a strong 5.12% capitalization rate at full asking price. All tenants are currently month to month. The property can be delivered vacated for an owner user.
School Ratings & Info
Description
This 9,615 SF flex space building is a perfect blend of office and true industrial situated on a large 19,540 SF lot. Parking lot across the street is on a long term lease with the city of Hallandale Beach and provides a tremendous amount of available parking. The building as well as the adjacent lot is being sold for $4,250,000. The property is 100% occupied by 3 tenants and is currently netting $184,368 per year which will provide an investor with a strong 5.12% capitalization rate at full asking price. All tenants are currently month to month. The property can be delivered vacated for an owner user.
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