1404 Mcnab RdFort Lauderdale, FL 33309

Property Details for 1404 Mcnab Rd

Year built

1981

Lot size

1.52 AC

Property size (Sq ft)

29,960 SF

Property type

Warehouses

Property subtype

Industrial properties

Description

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.

Location Insight

City

Fort Lauderdale

County

Broward

State

Florida

Latitude

26.2104

Longitude

-80.1627

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