1250 State Road 7Lauderhill, FL 33313

Property Details for 1250 State Road 7

Year built

1967

Property size (Sq ft)

8,458 SF

Property type

Industrial properties

Property subtype

Other industrial properties

Description

This fee-simple, 8,458-square-foot industrial distribution center in Lauderhill, Florida, presents a compelling investment opportunity. Located at 1250 N State Rd 7, this single-story, 1967-built facility underwent renovations in 2016 and boasts a 20-foot ceiling height. The property sits on a 30,014-square-foot lot and includes one loading dock and 22 parking spaces. Currently operating under a triple-net (NNN) lease with a corporate guarantee, the lease commenced March 1, 2016, and expires March 31, 2032, leaving approximately 7.4 years remaining. The asking price is $3,350,000, representing a price per square foot of $396.07 and a 7.57% cap rate based on a net operating income (NOI) of $253,740. The property is 100% occupied and benefits from rent bumps. Its strategic location on a major state road with high daily traffic volume, coupled with proximity to numerous retail establishments and residential development, ensures strong tenant demand and future growth potential. The permitted zoning is CG. The building is used for food preparation and distribution, servicing the tri-county area since 2016. All food preparation and cold and dry storage are handled at this facility. The tenant has a strong financial history and operates multiple locations throughout South Florida.

Location Insight

City

Lauderhill

County

Broward

State

Florida

Latitude

26.1419

Longitude

-80.2028

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