Ignite FB Tracking Pixel4401 Powerline Rd, Oakland Park, FL 33309 - Hovenden Team
Exceptional Properties Inc
Hovenden Team, Exceptional Properties IncPhone: (850) 582-5275
Email: liz@epiflorida.com

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listing
1 of 10
CommercialFor Sale
$1,599,000
4401 Powerline Rd
Oakland Park, FL 33309
Courtesy of Media Realty
MLS: Realtors of the Palm Beaches & Greater Fort Lauderdale
Est. Mortgage
$8,354/mo

VALUE-ADD OPPORTUNITY Owner Financing Available. The property consists of an 8368 ft.² flex warehouse located on the corner of Prospect & Powerline Rd. offering exceptional exposure with a traffic count of 28,000 cars daily. There are 6 month-to-month tenants. The first 3 account for almost 90% of the building and their rent is significantly below market rent which is $12.00, $10.20 and $17.60/SF respectively. The other 3 tenants total less than 1000 ft.². The tenants pay gross rent. The loss to old lease is significant as market rent is between $20-$25 per square foot modified gross. Being priced at less than $200 per square foot, the acquisition provides a unique opportunity for a single user tenant or investor with a stabilized market capitalization rate of over 9%.

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Listing provided courtesy of Media Realty
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