1233 Old Dixie Hwy - Warehouse FOR SALE


Lake Park, FL 33403
$7,250,000 USD
561-512-7512
1233 Old Dixie Hwy, Lake Park, FL for Sale
$7,250,000 USD
Warehouse - FOR SALE
1/5
null | 4.47% Cap Rate

1233 Old Dixie Hwy
Lake Park, FL 33403


HIGHLIGHTS

  • Rare, small bay industrial complex
  • Tremendous upside to increase rents
  • Direct frontage on Old Dixie Highway

OVERVIEW

Property: 30,750 ± sf, 3-building, small-bay industrial complex for sale. The west building fronts Old Dixie Highway and those units are rear loaded with storefront entrances. The middle and east buildings are front loaded and are rented to a variety of small businesses, storage tenants, hobbyists, car collectors, etc. All units have at least one (1) 10’ x 10’ overhead door and share common area bathrooms which are located in each building. The buildings were constructed in 1974 and consist of (CBS) concrete, block and stucco with a concrete and built-up roof system. Electric: Each building has one house electrical meter. Electric is currently included in rent. Location: Located in the very active and popular “Northlake Business Park” just east of Interstate 95 at the Northlake Boulevard exit in northern Palm Beach County. Old Dixie Highway is a signalized intersection 1.15 miles east of Interstate 95. Zoning: (C-4) Business District, Lake Park. This zoning allows a variety of uses including; but not limited to: office/warehouse uses, certain retail uses, personal and automobile storage, hobby shops and independent car dealerships (with parking inside the unit). Current Occupancy: 100% Annual Gross Income: $490,000.000 Operating Expenses: $166,000.00 Net Operating Income: $324,000.00 Sale Price: $7,250,000.00 (4.5% capitalization rate).

FOR SALE DETAILS

PRICE

$7,250,000 USD

PRICE/SF

$707 USD /SF

CAP RATE

4.47%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1233 Old Dixie Highway

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1974

UTILITIES

-

CLEAR CEILING HT

18 Ft

DOCKS

-

DRIVE INS

1

PARKING SPACES

20

LAND DETAILS

LAND ACRES

2

LAND SF

87,120

ZONING

C4 - Business District

APN/PARCEL ID

36-43-42-20-00-000-3150

ASK ABOUT THIS PROPERTY

Kerry JacksonReichel Realty & Investments, Inc.More Info
561-512-7512

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Kerry JacksonReichel Realty & Investments, Inc.More Info
561-512-7512

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.