Ft Lauderdale Industrial Property NW 10th Ter Fort Lauderdale, FL 33311

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1 Ft Lauderdale Industrial Property 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 Sponsored By: JOHN DEMARCO, ACP Each office is independently owned and operated. RE/MAX 5 STAR REALTY 4151 Hollywood Blvd Hollywood, FL (954) Each office independently owned and operated

2 INVESTMENT DETAILS Analysis Analysis Date October 2017 Property Property Property Address Ft Lauderdale Industrial Property NW 10th Ter Fort Lauderdale, FL Year Built 1959 Purchase Information Property Type Industrial Purchase Price $1,499,000 Tenants 1 Total Rentable Sq. Ft. 19,368 Financial Information All Cash Loans Type Debt Term Amortization Rate Payment LO Costs All Cash Income & Expenses Gross Operating Income $0 Monthly GOI $0 Total Annual Expenses ($24,445) Monthly Expenses ($2,037) Contact Information John DeMarco, ACP JohnDeMarco@Remax.net P. 2

3 PROPERTY DESCRIPTION Ft Lauderdale Industrial Property NW 10th Ter The subject property consists of three concurrent parcels total 19,365 square feet of usable feet, sitting on a very large 37,125 square foot lot. It is currently used as an automotive repair and collusion business. This property is fully licensed with the county for repair and collusion, and all paint booths are also licensed and up to code. There are warehouse bays, some of which are connected. Two of the buildings have a brand new roof. There is a large fenced in rear lot. This property is very close to I-95 and Sunrise blvd. Perfect for an owner user in the automotive field that wants to rent out the balance of the 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 a very strong 12.92% capitalization rate when leased. This is an amazing investment opportunity, please remember to not disturb existing business or tenants, all showings are by appointment only, for additional information or showings please contact John DeMarco. P. 3

4 PROPERTY PHOTOS NW 10 Ter P. 4

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6 MAPS AND AERIALS Ft Lauderdale Industrial Property NW 10th Ter Area map and should be personally verified through personal inspection by and/or with the appropriate professionals. P. 6

7 MAPS AND AERIALS Ft Lauderdale Industrial Property NW 10th Ter Location map and should be personally verified through personal inspection by and/or with the appropriate professionals. P. 7

8 SALE COMPARABLES 8% Cap Rate 7% 6% 5% Avg % 3% 2% 1% Subject 3 $256 Price per Sq. Ft. $224 $192 $160 Avg. $ $128 $96 $64 $32 Subject P. 8

9 SALE COMPARABLES S Ft Lauderdale Industrial Property NW 10th Ter Fort Lauderdale, FL Sale Price $1,499,000 Tenants 1 Price/Tenant $1,499,000 Price/SqFt $77.40 Cap Rate -1.63% Year Built Sale Date 2/10/2016 Hollywood Mixed Use Building 1128 N Federal Hwy Hollywood, FL Sale Price $1,600,000 Tenants 11 Price/Tenant $145,455 Price/SqFt $ Cap Rate Year Built 2 Sale Date 3/29/ SW 25 Ct 5301 SW 25 Ct Pembroke Park, FL Sale Price $650,000 Tenants 1 Price/Tenant $650,000 Price/SqFt $ Cap Rate Year Built P. 9

10 SALE COMPARABLES 3 Sale Date 2/23/2016 Hollywood Commercial 1300 N Dixie Hollywood, FL Sale Price $300,000 Tenants 1 Price/Tenant $300,000 Price/SqFt $ Cap Rate 6.0% Year Built 4 Sale Date 5/6/2015 Hollywood Mixed Use Building 1714 N Dixie Hwy Hollywood, FL Sale Price $399,000 Tenants 0 Price/Tenant Price/SqFt $ Cap Rate Year Built NOTES Was vacant at this time of purchase with no income. P. 10

11 PRO FORMA SUMMARY INCOME Description Actual Per SF Market Per SF Gross Potential Rent $0 $0.00 $193,680 $10.00 Less: Vacancy $0 $0.00 $0 $0.00 Reimbursements $0 $0.00 $24,445 $1.26 Effective Gross Income $0 $0.00 $218,125 $11.26 OPERATING EXPENSES Description Actual Per SF Market Per SF Taxes - Personal Property $24,445 $1.26 $24,445 $1.26 Total Expenses ($24,445) ($1.26) ($24,445) ($1.26) NET OPERATING INCOME ($24,445) ($1.26) $193,680 $10.00 P. 11

12 PRO FORMA SUMMARY TENANT ANNUAL SCHEDULED INCOME Tenant Actual Market $0 $193,680 TOTALS $0 $193,680 INVESTMENT SUMMARY Price: $1,499,000 Year Built: 1959 Tenants: 1 RSF: 19,368 Price/RSF: $77.40 Lot Size: 37,125 sf Floors: 1 APN: Cap Rate: -1.63% Market Cap Rate: 12.92% ANNUALIZED INCOME Description Actual Market Gross Potential Rent $0 $193,680 Less: Vacancy $0 $0 Reimbursements $0 $24,445 Effective Gross Income $0 $218,125 Less: Expenses ($24,445) ($24,445) Net Operating Income ($24,445) $193,680 ANNUALIZED EXPENSES Description Actual Market Taxes - Personal Property $24,445 $24,445 Total Expenses $24,445 $24,445 Expenses Per RSF $1.26 $1.26 P. 12

13 City of Fort Lauderdale Zoning B-3 - Heavy Commercial/Light Industrial Business District is intended for heavy commercial business uses, wholesale, warehousing, storage operations and establishments conducting activities of the same general character. The B-3 district is located along major transportation arterials which have convenient access to the interstate yet are limited in their accessibility to local streets thereby limiting high traffic generating commercial business uses at such locations. The B-3 district is also located on sites concentrated around other major transportation draws, such as airports, ports and railways. District Categories Automotive, Boats, Watercraft and Marinas, Commercial Recreation, Food and Beverage Sales and Service, Light Manufacturing, Lodging, Public Purpose Facilities, Retail Sales, Services/Office Facilities, Wholesale Trade, Storage and Warehousing, and Accessory Uses, Buildings and Structures. Maximum height 150 Ft P. 13

14 LOCATION MAP P. 14