For Sale
$8,950,000

1404 Mcnab RdFort Lauderdale, FL 33309

High-yield industrial property, 29,960 SF

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 29,960-square-foot free-standing multi-tenant warehouse building in Fort Lauderdale, Florida. Located at 1404-1412 W McNab Road, this property boasts a prime location within the Gateway Industrial Park/Cypress Creek Uptown District, offering easy access to I-95 and the Florida Turnpike. The building, constructed in 1981, features four bays, each approximately 7,490 square feet, with 20-foot clear ceilings and 100% air conditioning. The property sits on a 1.516-acre lot and includes 58 parking spaces. The building is currently 100% leased, generating a strong net operating income (NOI) of $456,890 and a compelling 5.87% capitalization rate. Built with twin tee concrete construction, this warehouse offers exceptional durability and functionality. Its strategic location provides proximity to the Fort Lauderdale Executive Airport, the new Inter Miami CF Soccer Stadium, and numerous restaurants, hotels, and retail establishments. The asking price is $8,950,000, translating to $298.73 per square foot. The property is zoned I. This is a rare chance to acquire a high-performing, well-located industrial asset with significant upside potential.

Highlights

  • 29,960 SF free-standing multi-tenant warehouse in Fort Lauderdale's Gateway Industrial Park.
  • Four (4) 7,490 SF bays with 20' clear height ceilings.
  • 100% air-conditioned with 58 parking spaces.
  • Twin tee concrete construction.
  • McNab Road frontage.

Property Details for 1404 Mcnab Rd

Property type
Warehouses, Industrial properties
Square Feet
29,960 SF
Year Built
1981
Lot Size (sq. ft)
66,037 SF

Location Insight

City
Fort Lauderdale
County
Broward
State
Florida
Latitude
26.2103878
Longitude
-80.1627211
1404 Mcnab Rd, Fort Lauderdale, Florida

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1404 Mcnab Rd
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