3569 10th St Pompano Beach, FL 33069-4827

Property Details for 3569 10th St

Year built

2004

Construction

CONCRETE

Lot size

0.07 lot acres

Property size

2,091 SF

Zone code

I-1

Property type

Warehouses

APN

49-42-04-39-0070

APU

494204390070

Description

This exceptional Class A warehouse in Pompano Beach, Florida offers a compelling investment opportunity. The 3,069 square foot building, constructed in 2004, sits on a lot ranging from 0.15 to 0.25 acres and features a 20-foot ceiling height. A newly executed 3-year net lease with a nationally recognized corporate tenant provides a strong, predictable income stream with a 4.50% cap rate and $67,303 NOI. The lease, commencing July 10, 2024, includes a CPI rent bump and a 3-year option. The property boasts a prime location in Broward County, offering easy access to major highways, and benefits from the high demand for industrial space in South Florida's thriving market. The single-tenant building includes two parking spaces per unit and is zoned I-1 General Industrial. This low-risk, high-reward investment is ideal for discerning investors seeking stable returns in a robust market. The property's modern amenities, including high-efficiency lighting and energy-saving systems, contribute to its cost-effectiveness. The price per square foot is $487.34, with an asking price of $1,495,650.

Location Insight

City

Pompano Beach

County

Broward

State

Florida

Longitude

-80.1713

Latitude

26.2164

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments