22157, Fort Lauderdale, FL 33311

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Randy N.

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Building Details:

22157 is an industrial property for lease in Fort Lauderdale, FL.

Well maintained 57 bay warehouse located in the beautiful city of Fort Lauderdale, FL. With a 12.19% cash-on-cash return, this property located in the thriving market of Fort Lauderdale, FL. The 57 bay, 1 story building was built in 1973 and has been impeccably maintained with recent capital improvements including newer roofs, being connected to the Fort Lauderdale Sewer System, and the installation of surveillance cameras.

There is a 550-gallon engine oil recovery system on premises, with a separate container for oil filters and a hazardous materials drum. Property features 32,780 sq. ft. situated on a 60,749 sq. ft. lot, with the front building consisting of 25 bays and the rear building consisting of 32 bays. The property currently has a 100% occupancy rate with many tenants paying below market rents. The savvy investor can increase revenue by bringing rents up to market. (Br # 22157)


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