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Mario Chirino I Solis Chirino Group

mario.chirino@elliman.com +1(786) 253-7653

$ 5,495,000

Est. payment -/mo

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Active

821 NW 57th Pl Fort Lauderdale, FL 33309

23,780 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Industrial

Listing Status Active

Purchase Type For Sale

Square Footage 23,780 sqft

Price per Sqft $231

MLS Listing ID A11884598

HOA Y/N No

Year Built 1971

Annual Tax Amount $59,943

Lot Size 1.017 Acres

Property Sub-Type Industrial

Property Description

FOR SALE: Rare Industrial Dock-High Warehouse located at 821-841 NW 57th Place in Ft. Lauderdale. Warehouse consists of 23,777 rentable sq. ft. on a 1.02 acre site. Total of 3-Bays that are currently 100% leased. Situated in one of the nation's most affluent & desirable submarkets. Property benefits from strong local demand and has an excellent market position. Although occupancy is stabilized, the Offering provides clear upside with current in-place rents that are approximately 20% +/- below prevailing submarket levels. All 3 leases are NNN with an in place NOI of $344,244.00 +/- . Opportunity for new owner to raise rents in the future while maintaining the Property's value alternative appeal. Built in 1972 with solid concrete block construction. Additional outside storage for each unit.

Location

State FL

County Broward

Area 3540

Direction Conveniently located off of Powerline Road between Commercial Blvd. & Cypress Creek Road. Immediate access to I-95 & the Florida Turnpike.

Exterior

Private Pool Yes

Building

Story 2

Sewer Public Sewer

Level or Stories Two

Structure Type Block

Others

Tax ID 494210110030

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://www.propertypanorama.com/instaview/mia/A11884598

Miami Association of Realtors (SEFMIAMI MLS)

Listed by Bonvie Realty

Mario Chirino I Solis Chirino Group

Real Estate Professionals | License ID: 3055493

+1(786) 253-7653

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Mario Chirino I Solis Chirino Group

821 NW 57th Pl Fort Lauderdale, FL 33309

Key Details

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821 NW 57th Pl

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