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724 NW 8th Ave, Fort Lauderdale, FL 825 NW 8th Ave, Fort Lauderdale, FL 837 NW 9th Ave, Fort Lauderdale, FL
Fort Lauderdale Portfolio - Sistrunk District Small Bay Warehouses
Asset ClassIndustrial
Owned SF18,450
overview of deal

Overview

DWNTWN Realty Advisors is pleased to exclusively present the Fort Lauderdale Portfolio, three small bay warehouses on NW 8th Avenue in Fort Lauderdale's Sistrunk District, totaling 18,450 SF of building on 37,019 SF of land. The portfolio pairs guaranteed, escalating in-place income with lease-up and owner-user upside, minutes from Downtown Fort Lauderdale and within walking distance of Brightline and FAT Village, where limited developable land keeps Central Broward industrial supply at historic lows. The three properties can be purchased individually or as a portfolio.

Investment Highlights

724-732 NW 8th Ave  ·  $2,200,000

  • Single-Tenant Warehouse + Industrial Outdoor Storage  ·  5.8% Cap Rate
  • 100% Leased To AMKON LLC Through April 2030 At $149,760 Annually With 4% Yearly Escalations
  • $126,910 In-Place NOI, A 5.8% Cap Rate And A $130 Per Land SF Basis
  • 16,875 SF Of Gated, Walled, Paved Industrial Outdoor Storage With A 3,000 SF Office And Workshop Building
  • Vested 90-Day Landlord Termination Right Conveys At Sale, Handing An Owner-User The Full Site

825 NW 8th Ave  ·  $2,100,000

  • Three-Unit Drive-Thru Bay Building  ·  6.2% Year 1 Pro-Forma Cap Rate
  • Three 2,500 SF Grade-Level Drive-Thru Bays Totaling 7,500 SF On A 10,125 SF Lot•Unit C Newly Leased To Jay's Auto Body & Sales On A 24-Month Term At $22.50 PSF MG With 4% Annual Increases
  • 5,000 SF Of Immediate Lease-Up Upside In Two Identical Drive-Thru Bays At A $22.00 PSF Market Rent
  • Year 1 Pro Forma NOI Of $130,381, A 6.2% Yield With A Clear Path To A Stabilized 6 - 7%+

837 NW 8th Ave  ·  $2,050,000

  • Freestanding Air-Conditioned Warehouse  ·  6.1% Cap Rate
  • 7,950 SF Freestanding Single-Tenant Warehouse, 100% Leased To PAID Motorsports Through May 2029
  • $20.00 PSF Modified Gross With 4% Annual Escalations, Year 1 NOI Of $124,737 And A 6.1% Cap Rate
  • New TPO Roof Layer, Full Warehouse Air Conditioning, Epoxy-Finished Floors, And Fresh Interior And Exterior Paint
  • Dock High Loading, Drive-In Access, And Approximately 16 Feet Of Clear Height
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724 NW 8th AveFort Lauderdale, FL 33311

Sales Team

2920 NW 5th Avenue, Suite 208, Miami, FL 33127
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