4351 NE 12th Ter - Warehouse FOR SALE


Oakland Park, FL 33334
$9,100,000 USD
561-282-9296
4351 NE 12th Ter, Oakland Park, FL for Sale
$9,100,000 USD
Warehouse - FOR SALE
1/63
null | 6.92% Cap Rate

4351 NE 12th Ter
Oakland Park, FL 33334


HIGHLIGHTS

  • Visit - https://buildout.com/website/FTLcoldstorage to access full OM (CA required)
  • Heavy Power, and Both Grade-Level and Dock High Loading w/ +/-1-Acre of Outdoor storage.
  • Equipped with Commercial Food Prep Areas, 8 Walk-in Commercial Freezers, and Industrial Hot Kitchen, and State of the Art Entertainment Venue
  • Recent Capital Improvements Include a New Roof (2022) and new Air Conditioning Units.

OVERVIEW

SVN Commercial Partners, as exclusive agent, is pleased to present for sale FTL Cold Storage & Commissary Kitchen ("The Property"), a +/- 32,400 square foot, cold storage, commissary kitchen and banquet hall. The Property is zoned B-3 Commercial-Industrial offering 75 parking spaces and is situated on +/- 1.9 acres of land. The Property features two tenants, Hugh's Catering, a well known, premier full-service caterer, off-site event creator and private venue host and Farm to Fork, a meal delivery service, Both tenants have NNN leases, providing an investor a management-free income stream. Conveniently located just minutes north of the Culinary Arts District in downtown Oakland Park, Florida (part of the Fort Lauderdale MSA), the Property resides in a vibrant submarket that is experiencing significant development. The area is home to some of the trendiest restaurants, boutiques, coffee shops, and breweries in South Florida. With historically low vacancies currently at 2.3%, this submarket offers excellent potential for investors. The Property is equipped with commercial food preparation areas, 8 walk-in commercial freezers, and industrial hot kitchen, and office space and includes state-of-the-art entertainment venues in a prime South Florida location. The Property is an ideal choice for companies and individuals looking to host a private catered event. Online food delivery platforms like Uber Eats, Grub Hub, and Door Dash have exploded in popularity and commissary kitchens, like the Hugh's Catering, are in very high demand as a result. The Property features an irreplaceable location that offers elite connectivity to the greater Fort Lauderdale area with nearly 135,000 people that live and over 120,000 people that work within a 3- mile radius of the Property, FTL Cold Storage & Commissary Kitchen offers heavy power, both grade-level and dock high loading as well as +/- 1-acre of outside storage. Ready built commissary/ghost kitchens are extremely rare, while conversion and buildouts costs for this use are costly, making the Property a truly unique investment opportunity.

FOR SALE DETAILS

PRICE

$9,100,000 USD

PRICE/SF

$281 USD /SF

CAP RATE

6.92%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hugh's Catering

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

UTILITIES

Lighting, Gas, Water, Sewer, Heating

CLEAR CEILING HT

15 Ft

DOCKS

5

DRIVE INS

3

PARKING SPACES

97

LAND DETAILS

LAND ACRES

1.9

LAND SF

82,764

ZONING

B-3, Oakland Park

APN/PARCEL ID

49-42-23-00-0104

ASK ABOUT THIS PROPERTY

Adam H. KleinSVN | Commercial PartnersMore Info
561-282-9296

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Adam H. KleinSVN | Commercial PartnersMore Info
561-282-9296

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