4284 7Th AveOakland Park, FL 33334

Property Details for 4284 7Th Ave

Year built

1963

Property size (Sq ft)

14,875 SF

Property type

Warehouses

Property subtype

Industrial properties

Description

This exceptional value-add industrial property, located at 4284 NE 7th Ave, Oakland Park, FL 33334, presents a compelling investment opportunity. The 14,875 square foot warehouse boasts a 100% occupancy rate across 20 units, each ranging from 600 to 1,800 square feet, with 10% office space in each bay. The property features 20 ground-level roll-up doors and ample yard space (approximately 8,500 SF). Ceiling heights range from 12 to 14 feet. The property sits on 0.83 acres and is zoned I-1 (Light Industrial), offering significant upside potential. Currently, most tenants are on month-to-month leases, allowing for immediate rental increases. The asking price is $2,999,000 ($201.61/SF, $149,950/unit), projecting a pro-forma cap rate of 8.18% and a pro-forma NOI of $245,245. Built in 1963, this multi-tenant property benefits from its strategic location in the Central Broward Industrial submarket, providing easy access to major roadways, Interstate-95, and is approximately 20 minutes from Fort Lauderdale International Airport. The property's strong location and current market conditions make it an ideal investment for owner-users seeking a high-return opportunity or those looking to capitalize on the robust Broward County industrial market. This is a 1031 exchange eligible property.

Location Insight

City

Oakland Park

County

Broward

State

Florida

Latitude

26.1794

Longitude

-80.1377

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