1260 Sunrise BlvdFort Lauderdale, FL 33311

Property Details for 1260 Sunrise Blvd

Year built

1993

Lot size

1.08 AC

Property size (Sq ft)

20,427 SF

Property type

Warehouses

Property subtype

Retail properties

Description

This exceptional 20,427 square foot industrial and retail building, located at 1260 W Sunrise Blvd in Fort Lauderdale, Florida (33311), presents a compelling owner-user or investment opportunity. Boasting a prime location with over 65,000 vehicles passing daily, the property benefits from direct access from both east and westbound traffic via curb cuts and pylons. Currently housing two tenants, Tire Hut (15,000 sq ft) and Tint World (5,427 sq ft), the building offers significant upside potential. Tire Hut's owner is open to selling their business and/or vacating, allowing for a new owner to potentially increase rental income to market rates. The property sits on a 1.08-acre lot, includes 53 parking spaces, and features highly desirable B-3 zoning, permitting a wide range of uses. Built in 1993, this multi-tenant property offers a pro-forma NOI of $377,400 and a pro-forma cap rate of 5.75%. The asking price is $6,500,000 ($318.21/sq ft). Conveniently located just ¼ mile east of I-95 and minutes from Federal Highway, this property is surrounded by synergistic automotive and accessory retailers. The anticipated occupancy date for the property is October 22, 2024. The APN is 504204150110.

Location Insight

City

Fort Lauderdale

County

Broward

State

Florida

Latitude

26.1365

Longitude

-80.1586

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