Warehouse Long-Term Credit
For Sale
Contact for pricing
1165 Nw 55th St, Fort Lauderdale, FL 33309
Warehouses on a long-term credit lease with major publicly traded tenant, plus additional storage lots and minimal landlord responsibilities.
Property Size11,588 SF
Price / SF$407.75
Days on Market259
Property Features for 1165 Nw 55th St
General Information
Standard status
Active
Size
11,588 SF
Property subtype
INDUSTRIAL
Additional Details
Outdoor Storage
Yes
Building Details
Buildings
2
Listing Agency:
Berger Commercial Realty Corp - Fort Lauderdale
(954) 494-3091
Listed By:
Steve Hyatt · License ##BK411032
(954) 494-3091
Source:
Moodyscre
Added: Nov 14, 2025
Changed: Jul 30
Last Checked: Jul 31 at 7:34AM
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 Berger Commercial Realty Corp - Fort Lauderdale
Investment Insights
Based on property information with market context.
This warehouse offering includes two buildings and two additional storage lots, presented as a long-term credit lease with a major publicly traded tenant. The initial lease term is 15 years, with three five-year renewal options. Renewal increases are fixed at 5% every five years.
The property is described as having well-maintained buildings in excellent condition, with minimal landlord responsibilities limited to the roof and structure only. The tenant’s long-term occupancy structure and limited landlord scope are central operational considerations for qualifying buyers and lenders.
Located in central Broward, the configuration supports straightforward warehouse and storage use, with the additional lots providing room for outdoor storage in support of the tenant’s operations.
The property is described as having well-maintained buildings in excellent condition, with minimal landlord responsibilities limited to the roof and structure only. The tenant’s long-term occupancy structure and limited landlord scope are central operational considerations for qualifying buyers and lenders.
Located in central Broward, the configuration supports straightforward warehouse and storage use, with the additional lots providing room for outdoor storage in support of the tenant’s operations.
Key Highlights
- Long‑term credit lease with a major publicly traded tenant
- Initial 15‑year lease term plus three five‑year renewal options
- Fixed 5% increases every five years for renewal periods
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 | $236.4k | $20.40 |
| − Vacancy | −$9.9k | −$0.86 |
| EGI | $226.5k | $19.54 |
| − OpEx | −$34.0k | −$2.93 |
| NOI | $192.5k | $16.61 |
11,588 SF · lease $20.40/SF/yr · vacancy 4.20% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$2.75M
$2.41M – $3.21M
NOI $192,497 @ 7.0% cap · market cap 4.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.79M
$6.81M – $9.09M
NOI $545,100 @ 7.0% cap · market cap 11.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,796
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33309, FL
37,642
Population
14,783
Households
2.5
Avg Household Size
39
Median Age
23%
College-Educated
85%
High-School Grad
9.7 sq mi
ZIP Area
3,881
Density / Sq Mi
$73,496
Median Household Income
$35,850
Median Earnings
$1,829
Median Rent
$309,100
Median Home Value
Market
Properties on Market for Warehouses in Broward County
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - Warehouses on a long-term credit lease with major publicly traded tenant, plus additional storage lots and minimal landlord responsibilities.
Where is this warehouse located?
The property is located at 1165 Nw 55th St Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $4,725,000.
What are key features of this property?
This property features: Long‑term credit lease with a major publicly traded tenant; Initial 15‑year lease term plus three five‑year renewal options; Fixed 5% increases every five years for renewal periods
