1250 State Road 7 Lauderhill, FL 33313
- Industrial properties
- 8,458 SF
Current Use by Public Records
- Industrial properties
Property Details for 1250 State Road 7
- Year built
- 1967
- Property size
- 8,458 SF
- Property type
- Industrial properties
- Property subtype
- Distribution centers
Description
This fee-simple, 8,458-square-foot industrial distribution center in Lauderhill, Florida, presents a compelling investment opportunity. Located at 1250 N State Rd 7, this single-story, 1967-built facility underwent renovations in 2016 and boasts a 20-foot ceiling height. The property sits on a 30,014-square-foot lot and includes one loading dock and 22 parking spaces. Currently operating under a triple-net (NNN) lease with a corporate guarantee, the lease commenced March 1, 2016, and expires March 31, 2032, leaving approximately 7.4 years remaining. The asking price is $3,350,000, representing a price per square foot of $396.07 and a 7.57% cap rate based on a net operating income (NOI) of $253,740. The property is 100% occupied and benefits from rent bumps. Its strategic location on a major state road with high daily traffic volume, coupled with proximity to numerous retail establishments and residential development, ensures strong tenant demand and future growth potential. The permitted zoning is CG. The building is used for food preparation and distribution, servicing the tri-county area since 2016. All food preparation and cold and dry storage are handled at this facility. The tenant has a strong financial history and operates multiple locations throughout South Florida.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lauderhill
- County
- Broward
- State
- Florida
- Longitude
- -80.2028
- Latitude
- 26.1419
