Building Details:
15,756 Sq Ft commercial corner lot in Miramar, FL. The national tenant has a 30 year old company headquartered in Auburndale, Florida. The company manufactures and sells pre fab storage units. They have 125 employees with a factory and 12 sales lots throughout Florida.
They have been a tenant at this location for 18 years and this is their highest grossing sales lot. The lease is NNN and the annual rent is $66,144 which makes this a 14.7% Cap Rate investment opportunity.
State road 7 is a heavily traveled road with a traffic count of over 50,000 cars daily. At $28.56 per square foot this property is basically selling for what the land is worth and you get a 30 year old company tenant and a 14.5% plus return on your investment (Br. # 22087)
FOR ADDITIONAL INFORMATION, PLEASE CONTACT ADAM YACOBY AT 305-310-9248.
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