0 Marine Engine RebuildingDania Beach, FL 33004

Property Details for 0 Marine Engine Rebuilding

Property size (Sq ft)

22,000 SF

Property type

Other commercial real estate

Property subtype

Other retail properties

Description

This exceptional 22,000-square-foot medical office building in Dania Beach, Florida, presents a compelling investment opportunity. Located in Unincorporated Broward County, zip code 33004, the property boasts a 100% occupancy rate with a strong, single tenant currently operating a marine engine sales and service business. The asking price is $2,300,000, representing a significant 20% capitalization rate. The current lease is a Net Net + (NN+) agreement with five years remaining. The business itself generates substantial revenue, with approximately $1.9 million in gross revenue in 2023 and an owner profit of roughly $470,000. The seller estimates approximately $20 million in inventory value of parts, engines, transmissions, and generators, which are included in the sale. The business actively sources and sells used engines, generators, and parts for yachts, commercial charters, tugboats, and watersports operators, expanding its reach to clients throughout the Caribbean and Latin America. The experienced and qualified mechanics currently employed are willing to remain post-closing, ensuring a smooth transition. The seller will provide assistance during a transition period. This property's strategic location near South Florida's seaports and airports provides excellent accessibility and logistical advantages. This is a rare opportunity to acquire a high-performing, established business with significant upside potential in a desirable location.

Location Insight

City

Dania Beach

County

Broward

State

Florida

Latitude

26.0512

Longitude

-80.153

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