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Ft Lauderdale Industrial Property...Ft Lauderdale Industrial Property 806-826 NW 10th Ter | Fort...

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Each office is independently owned and operated. Sponsored By: Each office independently owned and operated Ft Lauderdale Industrial Property 806-826 NW 10th Ter | Fort Lauderdale, FL 33311 JOHN DEMARCO, CCIM 954-678-8733 [email protected] Close proximity to I-95 and Sunrise Blvd Huge warehouse with 19,368 sf of usable space sitting on oversized 37,125 square foot lot. Automotive repair and paint uses fully allowed and permitted by County. All licenses are current including paint booths Perfect building for owner user or investor. Liberal Zoning of B-3, which permits many uses RE/MAX EXECUTIVE REALTY 1939 Hollywood Blvd Hollywood, FL 33020 (954) 862-2600
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Page 1: Ft Lauderdale Industrial Property...Ft Lauderdale Industrial Property 806-826 NW 10th Ter | Fort Lauderdale, FL 33311 JOHN DEMARCO, CCIM 954-678-8733 JohnDeMarco@Remax.net Close proximity

Each office is independently owned and operated.

Sponsored By:

Each office independently owned and operated

Ft Lauderdale Industrial Property806-826 NW 10th Ter | Fort Lauderdale, FL 33311

JOHN DEMARCO, [email protected]

Close proximity to I-95 and Sunrise Blvd➢

Huge warehouse with 19,368 sf of usable space sitting on oversized 37,125 square foot lot. ➢

Automotive repair and paint uses fully allowed and permitted by County. All licenses arecurrent including paint booths

Perfect building for owner user or investor.➢

Liberal Zoning of B-3, which permits many uses➢

RE/MAX EXECUTIVE REALTY1939 Hollywood BlvdHollywood, FL 33020(954) 862-2600

Page 2: Ft Lauderdale Industrial Property...Ft Lauderdale Industrial Property 806-826 NW 10th Ter | Fort Lauderdale, FL 33311 JOHN DEMARCO, CCIM 954-678-8733 JohnDeMarco@Remax.net Close proximity

REAL ESTATE INVESTMENT DETAILS806-826 NW 10th Ter | Fort Lauderdale, FL 33311

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteedand should be personally verified through personal inspection by and/or with the appropriate professionals.

ANALYSIS

Analysis Date May 2016

PROPERTY

Property Ft Lauderdale Industrial PropertyProperty Address 806-826 NW 10th Ter

Fort Lauderdale, FL 33311Year Built 1959

FINANCIAL INFORMATION

All Cash

PURCHASE INFORMATION

Property Type IndustrialPurchase Price $1,800,000Tenants 1Total Rentable Sq. Ft. 19,368

LOANS

Debt Term Amortization Rate Payment LO CostsAll Cash

INCOME & EXPENSES

Gross Operating Income $0Monthly GOI $0Total Annual Expenses ($24,445)Monthly Expenses ($2,037)

CONTACT INFORMATION

John DeMarco, [email protected]

P. 2

Page 3: Ft Lauderdale Industrial Property...Ft Lauderdale Industrial Property 806-826 NW 10th Ter | Fort Lauderdale, FL 33311 JOHN DEMARCO, CCIM 954-678-8733 JohnDeMarco@Remax.net Close proximity

PROPERTY DESCRIPTION806-826 NW 10th Ter | Fort Lauderdale, FL 33311

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteedand should be personally verified through personal inspection by and/or with the appropriate professionals.

Ft Lauderdale Industrial Property806-826 NW 10th Ter

The subject property consists of threeconcurrent parcels total 19,365 square feet ofusable feet, sitting on a very large 37,125 squarefoot lot. It is currently used as an automotiverepair and collusion business. This property isfully licensed with the county for repair andcollusion, and all paint booths are also licensedand up to code.

There are warehouse bays, some of whichare connected. Two of the buildings have abrand new roof. There is a large fenced in rearlot. This property is very close to I-95 andSunrise blvd. Perfect for an owner user in the automotive field that wants to rent out the balance ofthe property and offset their costs.

This property also works very well for an investor; an investor could lease this entire building out for$10 a square foot, which after expenses would allow them to net $193,680 per year, providing avery strong 10.76% capitalization rate when leased.

This is an amazing investment opportunity, please remember to not disturb existing business ortenants, all showings are by appointment only, for additional information or showings please contactJohn DeMarco.

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Page 4: Ft Lauderdale Industrial Property...Ft Lauderdale Industrial Property 806-826 NW 10th Ter | Fort Lauderdale, FL 33311 JOHN DEMARCO, CCIM 954-678-8733 JohnDeMarco@Remax.net Close proximity

PROPERTY PHOTOS806-826 NW 10th Ter | Fort Lauderdale, FL 33311

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteedand should be personally verified through personal inspection by and/or with the appropriate professionals.

806-826 NW 10 Ter

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Page 5: Ft Lauderdale Industrial Property...Ft Lauderdale Industrial Property 806-826 NW 10th Ter | Fort Lauderdale, FL 33311 JOHN DEMARCO, CCIM 954-678-8733 JohnDeMarco@Remax.net Close proximity

806-826 NW 10th Ter | Fort Lauderdale, FL 33311

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteedand should be personally verified through personal inspection by and/or with the appropriate professionals.

P. 5

Page 6: Ft Lauderdale Industrial Property...Ft Lauderdale Industrial Property 806-826 NW 10th Ter | Fort Lauderdale, FL 33311 JOHN DEMARCO, CCIM 954-678-8733 JohnDeMarco@Remax.net Close proximity

MA

PS AN

D A

ERIA

LS806-826 N

W 10th Ter | Fort Lauderdale, FL 33311

The accuracy of all information, regardless of source, including but not lim

ited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by

and/or with the appropriate professionals.

Ft Lauderdale Industrial Property806-826 N

W 10th Ter

Area map

P. 6

Page 7: Ft Lauderdale Industrial Property...Ft Lauderdale Industrial Property 806-826 NW 10th Ter | Fort Lauderdale, FL 33311 JOHN DEMARCO, CCIM 954-678-8733 JohnDeMarco@Remax.net Close proximity

MA

PS AN

D A

ERIA

LS806-826 N

W 10th Ter | Fort Lauderdale, FL 33311

The accuracy of all information, regardless of source, including but not lim

ited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by

and/or with the appropriate professionals.

Ft Lauderdale Industrial Property806-826 N

W 10th Ter

Location map

P. 7

Page 8: Ft Lauderdale Industrial Property...Ft Lauderdale Industrial Property 806-826 NW 10th Ter | Fort Lauderdale, FL 33311 JOHN DEMARCO, CCIM 954-678-8733 JohnDeMarco@Remax.net Close proximity

SALES COMPARABLES806-826 NW 10th Ter | Fort Lauderdale, FL 33311

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteedand should be personally verified through personal inspection by and/or with the appropriate professionals.

Subject 3

1%

2%

3%

4%

5%

6%

7%

8%

Avg.6.0

Cap Rate

Subject 1 2 3 4

$32

$64

$96

$128

$160

$192

$224

$256

Avg.$169.40

Price per Sq. Ft.

P. 8

Page 9: Ft Lauderdale Industrial Property...Ft Lauderdale Industrial Property 806-826 NW 10th Ter | Fort Lauderdale, FL 33311 JOHN DEMARCO, CCIM 954-678-8733 JohnDeMarco@Remax.net Close proximity

SALES COMPARABLES806-826 NW 10th Ter | Fort Lauderdale, FL 33311

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteedand should be personally verified through personal inspection by and/or with the appropriate professionals.

S Ft Lauderdale Industrial Property806-826 NW 10th TerFort Lauderdale, FL 33311

Sale Price $1,800,000Tenants 1Price/Tenant $1,800,000Price/SqFt $92.94Cap Rate -1.36%Year Built 1959

1 Hollywood Mixed Use Building 1128 N Federal HwyHollywood, FL 33020

Sale Price $1,600,000Tenants 11Price/Tenant $145,455Price/SqFt $183.78Cap Rate N/AYear Built N/ASale Date 2/10/2016

2 5301 SW 25 Ct5301 SW 25 CtPembroke Park, FL

Sale Price $650,000Tenants 1Price/Tenant $650,000Price/SqFt $127.45Cap Rate N/AYear Built N/ASale Date 3/29/2016

P. 9

Page 10: Ft Lauderdale Industrial Property...Ft Lauderdale Industrial Property 806-826 NW 10th Ter | Fort Lauderdale, FL 33311 JOHN DEMARCO, CCIM 954-678-8733 JohnDeMarco@Remax.net Close proximity

SALES COMPARABLES806-826 NW 10th Ter | Fort Lauderdale, FL 33311

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteedand should be personally verified through personal inspection by and/or with the appropriate professionals.

3 Hollywood Commercial1300 N DixieHollywood, FL 33020

Sale Price $300,000Tenants 1Price/Tenant $300,000Price/SqFt $248.96Cap Rate 6.0%Year Built N/ASale Date 2/23/2016

4 Hollywood Mixed Use Building 1714 N Dixie HwyHollywood, FL 33021

Sale Price $399,000Tenants 0Price/Tenant N/APrice/SqFt $117.42Cap Rate N/AYear Built N/ASale Date 5/6/2015

NOTESWas vacant at this time of purchase with no income.

P. 10

Page 11: Ft Lauderdale Industrial Property...Ft Lauderdale Industrial Property 806-826 NW 10th Ter | Fort Lauderdale, FL 33311 JOHN DEMARCO, CCIM 954-678-8733 JohnDeMarco@Remax.net Close proximity

PRO FORMA INCOME/EXPENSE806-826 NW 10th Ter | Fort Lauderdale, FL 33311

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteedand should be personally verified through personal inspection by and/or with the appropriate professionals.

INCOMEActual Per SF Market Per SF

Gross Potential Rent $0 $0.00 $193,680 $10.00Less: Vacancy $0 $0.00 $0 $0.00Reimbursements $0 $0.00 $24,445 $1.26

Effective Gross Income $0 $0.00 $218,125 $11.26

OPERATING EXPENSESActual Per SF Market Per SF

Taxes - Personal Property $24,445 $1.26 $24,445 $1.26Total Expenses ($24,445) ($1.26) ($24,445) ($1.26)

Net Operating Income ($24,445) ($1.26) $193,680 $10.00

P. 11

Page 12: Ft Lauderdale Industrial Property...Ft Lauderdale Industrial Property 806-826 NW 10th Ter | Fort Lauderdale, FL 33311 JOHN DEMARCO, CCIM 954-678-8733 JohnDeMarco@Remax.net Close proximity

PRO FORMA INCOME/EXPENSE806-826 NW 10th Ter | Fort Lauderdale, FL 33311

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteedand should be personally verified through personal inspection by and/or with the appropriate professionals.

TENANT ANNUAL SCHEDULED INCOMETenant Actual Market

$0 $193,680TOTALS $0 $193,680

ANNUALIZED INCOMEActual Market

Gross Potential Rent $0 $193,680Less: Vacancy $0 $0Reimbursements $0 $24,445Effective Gross Income $0 $218,125Less: Expenses ($24,445) ($24,445)Net Operating Income ($24,445) $193,680

ANNUALIZED EXPENSESActual Market

Taxes - Personal Property $24,445 $24,445

Total Expenses $24,445 $24,445Expenses Per RSF $1.26 $1.26

INVESTMENT SUMMARYPrice: $1,800,000

Year Built: 1959

Tenants: 1

RSF: 19,368

Price/RSF: $92.94

Lot Size: 37,125 sf

Floors: 1

APN: 4942 34 06

Cap Rate: -1.36%

Market Cap Rate: 10.76%

P. 12

Page 13: Ft Lauderdale Industrial Property...Ft Lauderdale Industrial Property 806-826 NW 10th Ter | Fort Lauderdale, FL 33311 JOHN DEMARCO, CCIM 954-678-8733 JohnDeMarco@Remax.net Close proximity

806-826 NW 10th Ter | Fort Lauderdale, FL 33311

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteedand should be personally verified through personal inspection by and/or with the appropriate professionals.

CityofFortLauderdaleZoningB-3-HeavyCommercial/LightIndustrialBusinessDistrictisintendedforheavycommercialbusinessuses,wholesale,warehousing,storageoperationsandestablishmentsconductingactivitiesofthesamegeneralcharacter.TheB-3districtislocatedalongmajortransportationarterialswhichhaveconvenientaccesstotheinterstateyetarelimitedintheiraccessibilitytolocalstreetstherebylimitinghightrafficgeneratingcommercialbusinessusesatsuchlocations.TheB-3districtisalsolocatedonsitesconcentratedaroundothermajortransportationdraws,suchasairports,portsandrailways.DistrictCategories—Automotive,Boats,WatercraftandMarinas,CommercialRecreation,FoodandBeverageSalesandService,LightManufacturing,Lodging,PublicPurposeFacilities,RetailSales,Services/OfficeFacilities,WholesaleTrade,StorageandWarehousing,andAccessoryUses,BuildingsandStructures.Maximumheight150Ft

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Page 14: Ft Lauderdale Industrial Property...Ft Lauderdale Industrial Property 806-826 NW 10th Ter | Fort Lauderdale, FL 33311 JOHN DEMARCO, CCIM 954-678-8733 JohnDeMarco@Remax.net Close proximity

LOCATION MAP806-826 NW 10th Ter | Fort Lauderdale, FL 33311

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteedand should be personally verified through personal inspection by and/or with the appropriate professionals.

P. 14


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