13,700 SQ. FT. RETAIL / WAREHOUSE $72 PSF-21792

 
User Profile Image

Charlie Skandrani

Capital Commercial Real Estate Group

Office Phone: 954-455-3366

Cell Phone: 786-488-3434

Like us on Facebook

Share with Google Plus

Published on: Friday, June 13, 2014 6:13:34 PM
Updated on: Tuesday, June 17, 2014 5:50:33 PM
Purchase with B2B
Purchase with B2B
 Purchase with Business to Business
Quick Glance

Listing ID: CL-Florida-30807

Status: Accepting Offers

Financing: No Financing Available

Occupancy: 100%

Year Build: 0

 

Building Size: 13,700 SqFt

Lot Size: 1 Acre

No of Stories: 1

No of Parking: 0

Business Available for Sale: Yes

Is Net Lease Investment: No

Property On Ground Lease: No

Building Status: Existing

 Details

Offer to Millionaire Club: No

Listing Summary: Great Investment Property with frontage on the corner of Dixie Highway and Johnson Street. This 14,000 Sq. Ft. property is walking distance from Downtown Hollywood. There is a 6,000 Sq. Ft. freestanding retail building leased out to Benjamin Moore Paint retail store. The business is included in the sales price. There are also six (6) additional 1,250 Sq. Ft. warehouse bays with zoning for a variety of uses and are all leased out separately. All tenants have separate electric meters and pay all their own utilities. Up to 100% financing available to an owner user of this property. A new owner can utilize the retail space and collect rent from the warehouses to pay off the mortgage and make a profit. This property is located in one of the most desired real estate markets in South Florida and is centrally located between Miami and Fort Lauderdale minutes from I-95. Hollywood boasts the distinction of being selected as an All-America City by the National Civic League and one of Money Magaz

Acquisition Option Selected: Traditional Purchase

Cap Rate (%): 10.41

Commission Split (%): 2

Complete Details


Year Build: 0

Building Size: 13,700 SqFt.

No of Stories: 1

Total Lot Area: 1.00 Acre

No of Parking: 0

No of Total Units: 7

Property Current Status: Normal Sale

Building Status: Existing

Heating and Cooling: Not Specified

Building Class: Not Specified

Property on Ground Lease?: No

Net Lease Investment?: No

Business Price Included?: Yes

Roofing: Not Specified

Occupancy: 100%

Full Description


Great Investment Property with frontage on the corner of Dixie Highway and Johnson Street. This 14,000 Sq. Ft. property is walking distance from Downtown Hollywood. There is a 6,000 Sq. Ft. freestanding retail building leased out to Benjamin Moore Paint retail store. The business is included in the sales price. There are also six (6) additional 1,250 Sq. Ft. warehouse bays with zoning for a variety of uses and are all leased out separately. All tenants have separate electric meters and pay all their own utilities. Up to 100% financing available to an owner user of this property. A new owner can utilize the retail space and collect rent from the warehouses to pay off the mortgage and make a profit. This property is located in one of the most desired real estate markets in South Florida and is centrally located between Miami and Fort Lauderdale minutes from I-95. Hollywood boasts the distinction of being selected as an All-America City by the National Civic League and one of Money Magazine's 100 Best Places and a City of the Future.

Actual - Cash Flow


Cash Flow Year Gross Income Effective GrossIncome Operating Expenses Net Operating Income Pre Tax Cash Flow Cap Rate
2013
$134,400.00
$0.00
$30,487.00
$103,913.00
$0.00
0%
Cash Flow for Current Listings
 LoudLister :: a Social Real Estate resource and offer engine