2550 4Th CtFort Lauderdale, FL 33311

Property Details for 2550 4Th Ct

Year built

1966

Construction

CONCRETE

Lot size

0.39 AC

Property size (Sq ft)

8,160 SF

Zone code

M-2

Property type

Industrial properties

Property subtype

Distribution centers

APN

50-42-05-30-0160

APU

504205300160

Description

This exceptional Class A industrial warehouse, located at 2550 NW 4th Ct, Fort Lauderdale, FL 33311, presents a compelling investment opportunity. The 13,058 square foot building, situated on a 16,930 square foot lot, boasts a 5.94% cap rate and a strong NOI of $312,000. Currently 100% occupied under a single tenant NNN lease, with a recent lease commencement date of July 1, 2023, and built in 1973 with renovations completed in 2011, this property offers significant long-term value. The building features 14-foot ceilings, one loading dock, and 16 parking spaces. The M-2 zoning provides flexibility for various uses. Recent improvements include a fresh exterior paint job, state-of-the-art 24-hour surveillance, updated tile flooring, upgraded offices, enhanced plumbing and electrical systems, and hurricane-proof windows. The property benefits from its strategic location, providing easy access to major interstates, Fort Lauderdale Airport, and Miami International Airport. The asking price is $5,250,000, representing a price per square foot of $402.05. The lease includes a 3% annual rent bump. This is a rare opportunity to acquire a high-performing, well-maintained industrial asset in a prime location.

• Alternative Use

  Use

  Valuation

  Residential

  $2,776,832

  Hospitality

  $2,543,563

  Educational

  $2,116,214

  Medical

  $2,188,994

  Retail

  $3,291,889

Location Insight

City

Fort Lauderdale

County

Broward

State

Florida

Latitude

26.126

Longitude

-80.1766

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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