For Sale
$5,250,000

2550 4Th CtFort Lauderdale, FL 33311

High-yield NNN warehouse investment.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional Class A industrial warehouse, located at 2550 NW 4th Ct, Fort Lauderdale, FL 33311, presents a compelling investment opportunity. The 13,058 square foot building, situated on a 16,930 square foot lot, boasts a 5.94% cap rate and a strong NOI of $312,000. Currently 100% occupied under a single tenant NNN lease, with a recent lease commencement date of July 1, 2023, and built in 1973 with renovations completed in 2011, this property offers significant long-term value. The building features 14-foot ceilings, one loading dock, and 16 parking spaces. The M-2 zoning provides flexibility for various uses. Recent improvements include a fresh exterior paint job, state-of-the-art 24-hour surveillance, updated tile flooring, upgraded offices, enhanced plumbing and electrical systems, and hurricane-proof windows. The property benefits from its strategic location, providing easy access to major interstates, Fort Lauderdale Airport, and Miami International Airport. The asking price is $5,250,000, representing a price per square foot of $402.05. The lease includes a 3% annual rent bump. This is a rare opportunity to acquire a high-performing, well-maintained industrial asset in a prime location.

Highlights

  • Class A industrial warehouse, 13,058 SF, on a 16,930 SF lot, located at 2550 NW 4th Ct, Fort Lauderdale, FL 33311.
  • 5.94% cap rate and $312,000 NOI.
  • 100% occupied under a NNN lease with a July 1, 2023 commencement date; 3% annual rent increase.
  • Features 14-foot ceilings, one loading dock, and 16 parking spaces; M-2 zoning.
  • Recently renovated (2011) with updated systems, hurricane-proof windows, and new exterior paint; $5,250,000 asking price ($402.05/SF).

Property Details for 2550 4Th Ct

Property type
Warehouses, Industrial properties
Square Feet
13,058 SF
Class
A
Year Built/Renovated
1973/2011
Buildings
1
Stories
2

Location Insight

City
Fort Lauderdale
County
Broward
State
Florida
Latitude
26.1259925
Longitude
-80.1766082
2550 4Th Ct, Fort Lauderdale, Florida

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2550 4Th Ct
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