Leased Warehouse
For Sale
$1,100,000
Pending
20841 Johnson Street # 108, Pembroke Pines, FL 33029
The unit is occupied under a lease with about three years remaining.
Property Size2,872 SF
Days on Market150
Property Features for 20841 Johnson Street # 108
General Information
Standard status
Pending
Size
2,872 SF
Property subtype
Industrial
Additional Details
Warehouse Space
3,000 SF
Tenant in Place
Yes
Property Use
Warehouse
Taxes and HOA fees
Annual Taxes
$13,939
Building Details
Building Size
2,872 SF
Year Built
2005
Listing Agency:
LPT Realty, LLC
Listed By:
Elkin Sanchez · License #3554939
(954) 589-8763
Source:
Debuirerealty
Added: Jun 1
Changed: Oct 26
Last Checked: Oct 26 at 2:32PM
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
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Investment Insights
Based on property information with market context.
This warehouse unit was constructed in 2005 and is currently leased, with roughly three years left on the term. Its location is 20841 Johnson Street, Unit 108, in Pembroke Pines, Florida.
The property is described as being near major highways, providing regional road access.
The property is described as being near major highways, providing regional road access.
Key Highlights
- Current lease has about 3 years remaining
- Built in 2005
- Located at 20841 Johnson Street #108 in Pembroke Pines, FL 33029
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,184
Cap Rate
3.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$843,680
$843.7K
Cap Rate 7%
$602,629
$602.6K
Cap Rate 9%
$468,711
$468.7K
Market Conditions
NOI Build-Up for 2,872 SF
Gross rent
$51.7K $18.00/SF
− Vacancy
−$2.1K −$0.72/SF
EGI
$49.6K $17.28/SF
− OpEx
−$7.4K −$2.59/SF
NOI
$42.2K $14.69/SF
Area
Pembroke Pines, FL
Vacancy
4.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$843,680
Cap Rate 7%
$602,629
Cap Rate 9%
$468,711
Alternative Uses
Best Use
Warehouse
$602.6K
$527.3K – $703.1K
NOI $42,184 @ 7.0% cap · market cap 3.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.22M
$1.07M – $1.42M
NOI $85,388 @ 7.0% cap · market cap 7.76%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
Balanced
Demand for This Use
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Business Placement
Demographics for 33029, FL
46,202
Population
14,075
Households
3.3
Avg Household Size
41
Median Age
46%
College-Educated
95%
High-School Grad
16.8 sq mi
ZIP Area
2,750
Density / Sq Mi
$145,282
Median Household Income
$59,285
Median Earnings
$2,324
Median Rent
$575,900
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Warehouse - The unit is occupied under a lease with about three years remaining.
Where is this warehouse located?
The property is located at 20841 Johnson Street # 108 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: Current lease has about 3 years remaining; Built in 2005; Located at 20841 Johnson Street #108 in Pembroke Pines, FL 33029
