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 Market305
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) 358-0900
Listed By:
Steve Hyatt · License ##BK411032
(954) 494-3091
Source:
Moodyscre
Added: Nov 14, 2025
Changed: Sep 9
Last Checked: Sep 14 at 8:48AM
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
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$192,497
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.07%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,849,940
$3.8M
Cap Rate 7%
$2,749,957
$2.7M
Cap Rate 9%
$2,138,856
$2.1M
Market Conditions
NOI Build-Up for 11,588 SF
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.
Gross rent
$236.4K $20.40/SF
− Vacancy
−$9.9K −$0.86/SF
EGI
$226.5K $19.54/SF
− OpEx
−$34.0K −$2.93/SF
NOI
$192.5K $16.61/SF
Area
Fort Lauderdale, FL
Vacancy
4.20%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,849,940
Cap Rate 7%
$2,749,957
Cap Rate 9%
$2,138,856
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
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Open 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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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
