Leased Warehouse near Major
108-20841 Johnson St Pembroke Pines, FL
For Sale
$1,100,000
3,000 SF warehouse is currently leased with about three years remaining, offering access to major highways.
Property Size3,000 SF
Price / SF$366.67
Days on Market59
Property Features for 108-20841 Johnson St
General Information
Standard status
Active
Size
3,000 SF
Listing Agency:
LPT Realty, LLC
(954) 589-8763
Listed By:
Elkin Sanchez · License #3554939
(954) 589-8763
Source:
Exprealty
Added: Jun 1
Changed: Jul 28
Last Checked: Jul 28 at 11:20PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of LPT Realty, LLC
Investment Insights
Based on property information with market context.
This property is a warehouse with approximately 3,000 square feet, available for sale at 108-20841 Johnson St in Pembroke Pines, FL. The unit is currently leased, with approximately three years remaining on the existing lease, providing an investor with immediate occupancy.
The property is positioned in West Pembroke Pines and described as being located near major highways, supporting convenient access for distribution and day-to-day logistics. With industrial warehouse ownership opportunities reportedly becoming more limited in the area, this offering is presented as a turnover-ready option for buyers seeking a leased, income-producing warehouse asset with long-term hold potential.
The property is positioned in West Pembroke Pines and described as being located near major highways, supporting convenient access for distribution and day-to-day logistics. With industrial warehouse ownership opportunities reportedly becoming more limited in the area, this offering is presented as a turnover-ready option for buyers seeking a leased, income-producing warehouse asset with long-term hold potential.
Key Highlights
- 3,000 SF warehouse currently leased
- Lease has approximately 3 years remaining
- Access to major highways for convenient transportation and visibility
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $54.0k | $18.00 |
| − Vacancy | −$2.2k | −$0.72 |
| EGI | $51.8k | $17.28 |
| − OpEx | −$7.8k | −$2.59 |
| NOI | $44.1k | $14.69 |
3,000 SF · lease $18.00/SF/yr · vacancy 4.00% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$629.5K
$550.8K – $734.4K
NOI $44,064 @ 7.0% cap · market cap 4.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.27M
$1.11M – $1.49M
NOI $89,194 @ 7.0% cap · market cap 8.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- CubeSmart Self Storage — 10755 Pembroke Rd, Pembroke Pines, FL 33025
- Self Storage — 2201 Palm Ave, Miramar, FL 33025
- Armor Self Storage Unit — 1910 SW 100th Ave, Miramar, FL 33025
- Crystal Moving and Storage — 1710 SW 100th Ave, Miramar, FL 33025
- RV Storage — 10801 pembroke rd, pembroke pines, fl 33025
Frequently Asked Questions
What type of property is this?
Warehouse - 3,000 SF warehouse is currently leased with about three years remaining, offering access to major highways.
Where is this warehouse located?
The property is located at 108-20841 Johnson St Pembroke Pines, FL.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 3,000 SF warehouse currently leased; Lease has approximately 3 years remaining; Access to major highways for convenient transportation and visibility
