Description
This 9,615 SF flex space building is a perfect blend of office and true industrial situated on a large 19,540 SF lot. Parking lot across the street is on a long term lease with the city of Hallandale Beach and provides a tremendous amount of available parking. The building as well as the adjacent lot is being sold for $4,250,000. The property is 100% occupied by 3 tenants and is currently netting $185,554 per year which will provide an investor with a strong 4.37% capitalization rate at full asking price. The 7,200 SF space is occupied by a church and is currently leased to January 2028. The South bay is occupied by a ministry school currently leased to October 2023. The adjacent lot is occupied by a pre-school currently leased to April 2025.
Location
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MIAMI Association of REALTORS® is not responsible for the accuracy of the information listed above. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program and the South East Florida Regional MLS and is provided here for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than the office owning this website are marked with the IDX logo and detailed information about them includes the name of the listing brokers. Data provided is deemed reliable but not guaranteed. Copyright MIAMI Association of REALTORS®, MLS All rights reserved. Updated: 2nd June, 2023 5:50 AM (UTC)
Listing Office: RE/MAX 5 Star Realty
