For Sale
$1,525,000

10130 47Th St Sunrise, FL 33351

Two condos, 4,564 sq ft, high growth area.

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional investment opportunity presents two side-by-side industrial office condos totaling 4,564 square feet of net rentable space in Sunrise, Florida. Located at 10130 NW 47th St, this fee-simple property offers a unique owner-user opportunity or potential for re-leasing at market rates. Currently 100% occupied with a month-to-month tenant, the property boasts a strong pro-forma NOI of $87,731 and a 5.75% pro-forma cap rate. The asking price is $1,525,000 ($334.14/sq ft, $762,500/unit). Built in 1987, this single-story building features seven parking spaces and is zoned for Light Industrial (L-1), allowing for diverse uses including industrial/distribution, office, retail, restaurant, and automotive. The property benefits from its strategic location adjacent to NW Nob Hill Rd (22,700+ vehicles per day) and near the Sawgrass Expressway (116,000+ vehicles per day), ensuring excellent accessibility. Furthermore, its proximity to a proposed mixed-use development adds to its long-term value. The property features high-level finishes in the office area and ample warehouse space with an overhead garage door. This prime location within a high-growth area, coupled with the flexible zoning and strong financial performance, makes this an attractive investment for both owner-users and investors seeking a re-leasing opportunity. The property's APN is 49-41-18-AB-0010/49-41-18-AB-0020.

Highlights

  • Re-lease or owner-user opportunity; existing tenant on month-to-month lease.
  • High-growth area with a 14.4% growth rate within a 3-mile radius over the past 13 years.
  • Excellent location adjacent to N Nob Hill Rd and near the Sawgrass Expressway, boasting over 138,700 vehicles per day.
  • Strong residual value with two office condos and flexible zoning.
  • Situated in the market's primary industrial corridor.
  • Dense population of 356,300+ within a 5-mile radius, with an average household income exceeding $76,000.

Property Details for 10130 47Th St

Property type
Warehouses, Industrial properties
Square Feet
4,564 SF
Year Built
1987
Buildings
1
Stories
1
Units
2

Location Insight

City
Sunrise
County
Broward
State
Florida
Latitude
26.183146929894
Longitude
-80.285363270527

FAQs

What type of property is this?
Warehouse - Two condos, 4,564 sq ft, high growth area.
Where is the warehouse located?
The property is located at 10130 47Th St Sunrise, FL.
What is the asking price?
The asking price for this property is $1,525,000.
What are key features of this property?
This property features: Re-lease or owner-user opportunity; existing tenant on month-to-month lease.; High-growth area with a 14.4% growth rate within a 3-mile radius over the past 13 years.; Excellent location adjacent to N Nob Hill Rd and near the Sawgrass Expressway, boasting over 138,700 vehicles per day.
How can I contact the broker?
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10130 47Th St
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