Leased Warehouse
For Sale
$1,100,000
20841 Johnson Street 108, Pembroke Pines, FL 33029
Warehouse unit leased with approximately three years remaining on the current term.
Property Size2,872 SF
Price / SF$383.01
Days on Market79
Property Features for 20841 Johnson Street 108
General Information
Standard status
Active
Size
2,872 SF
Additional Details
Warehouse Space
3,000 SF
Building Details
Year Built
2005
Listing Agency:
LPT Realty, LLC
Listed By:
Elkin Sanchez · License #3554939
(954) 589-8763
Source:
Chenoregroup
Added: Aug 2
Changed: Oct 10
Last Checked: Oct 7 at 4:25PM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This warehouse unit at 20841 Johnson Street, Unit 108, is located in Pembroke Pines, Florida. The property was built in 2005 and is currently leased with approximately 3 years remaining on the existing term.
The asset is situated in the West Pembroke Pines area, providing a defined industrial property location for continued warehouse use. The available information identifies the property as a warehouse within a commercial real estate setting.
The asset is situated in the West Pembroke Pines area, providing a defined industrial property location for continued warehouse use. The available information identifies the property as a warehouse within a commercial real estate setting.
Key Highlights
- Currently leased with approximately 3 years remaining
- Warehouse unit at 20841 Johnson Street, Unit 108
- Located 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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse unit leased with approximately three years remaining on the current term.
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: Currently leased with approximately 3 years remaining; Warehouse unit at 20841 Johnson Street, Unit 108; Located in Pembroke Pines, FL 33029
