Multi-Tenant Industrial Facility with
For Sale
$5,925,000
950 S Andrews Ave, Pompano Beach, FL 33069
Industrial flex building offers 14'–16' clear heights, grade-level loading, and second-floor office space on a fenced lot.
Property Size23,938 SF
Lot Size1.43 Acres
Price / SF$247.51
Days on Market93
Property Features for 950 S Andrews Ave
General Information
Standard status
Active
Size
23,938 SF
Total Parking Spaces
75
Lot size
1.43 Acres
Property subtype
Industrial
Zoning
I-1
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Warehouse & Industrial
Clear Height
16 ft
Drive-In Doors
7
Heavy Power
Yes
Building Details
Building Size
23,938 SF
Stories
2
Tenancy
Multi
Listing Agency:
Lee & Associates | Broward/Palm Beach
Listed By:
Greg Milopoulos · License ##BK3121415
(954) 558-1220
Source:
Lee-associates
Added: Jul 9
Changed: Oct 7
Last Checked: Oct 7 at 10:57AM
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 Lee & Associates | Broward/Palm Beach
Investment Insights
Based on property information with market context.
Aquathin Business Centre is a multi-tenant industrial flex property totaling 23,938 SF on an approximately 1.43 AC fenced lot. The building is configured to serve multiple tenants and includes 14'-16' clear ceiling heights, three-phase power, and a functional layout supported by second-floor office space. Operationally, the site features grade-level loading with seven grade-level loading doors, along with on-site surface parking for 75+ vehicles. On-site signage opportunities are also available.
The property fronts Andrews Ave in Pompano Beach and is zoned I-1 Industrial. It offers convenient access to regional transportation and major roadways, with being minutes to Tri-Rail Station and I-95, and approximately 20 minutes to Fort Lauderdale International Airport.
The property fronts Andrews Ave in Pompano Beach and is zoned I-1 Industrial. It offers convenient access to regional transportation and major roadways, with being minutes to Tri-Rail Station and I-95, and approximately 20 minutes to Fort Lauderdale International Airport.
Key Highlights
- 23,938 SF industrial/flex building on 1.43 AC (62,291 SF) fenced lot
- 14'-16' clear ceiling height with three‑phase power and functional multi‑tenant layout
- Grade‑level loading with 7 grade‑level loading doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$319,285
Cap Rate
5.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,385,700
$6.4M
Cap Rate 7%
$4,561,214
$4.6M
Cap Rate 9%
$3,547,611
$3.5M
Market Conditions
NOI Build-Up for 23,938 SF
Gross rent
$517.1K $21.60/SF
− Vacancy
−$25.9K −$1.08/SF
EGI
$491.2K $20.52/SF
− OpEx
−$171.9K −$7.18/SF
NOI
$319.3K $13.34/SF
Area
Pompano Beach, FL
Vacancy
5.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,385,700
Cap Rate 7%
$4,561,214
Cap Rate 9%
$3,547,611
Alternative Uses
Best Use
Flex RnD
$4.56M
$3.99M – $5.32M
NOI $319,285 @ 7.0% cap · market cap 5.39%
Second Best
Warehouse
$2.51M
$2.20M – $2.93M
NOI $175,806 @ 7.0% cap · market cap 2.97%
Theoretical Best
Office A
$9.34M
$8.17M – $10.89M
NOI $653,507 @ 7.0% cap · market cap 11.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
16 ft
Clear height
7
Drive-in doors
Multi-tenant
Tenancy
Yes
Heavy power
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,745
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33069, FL
28,817
Population
16,052
Households
1.8
Avg Household Size
42
Median Age
32%
College-Educated
86%
High-School Grad
9.4 sq mi
ZIP Area
3,066
Density / Sq Mi
$57,462
Median Household Income
$35,725
Median Earnings
$1,685
Median Rent
$253,000
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
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Similar Off Market Nearby
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- The Catering Group — 121 SW 5th St, Pompano Beach, FL 33060
Frequently Asked Questions
What type of property is this?
Flex space - Industrial flex building offers 14'–16' clear heights, grade-level loading, and second-floor office space on a fenced lot.
Where is this flex space located?
The property is located at 950 S Andrews Ave Pompano Beach, FL.
What is the asking price?
The asking price for this property is $5,925,000.
What are key features of this property?
This property features: 23,938 SF industrial/flex building on 1.43 AC (62,291 SF) fenced lot; 14'-16' clear ceiling height with three‑phase power and functional multi‑tenant layout; Grade‑level loading with 7 grade‑level loading doors
