4284 7Th Ave Oakland Park, FL 33334
- Warehouses
- 14,875 SF
Current Use by Public Records
- Warehouses
Property Details for 4284 7Th Ave
- Year built
- 1963
- Property size
- 14,875 SF
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
This exceptional value-add industrial property, located at 4284 NE 7th Ave, Oakland Park, FL 33334, presents a compelling investment opportunity. The 14,875 square foot warehouse boasts a 100% occupancy rate across 20 units, each ranging from 600 to 1,800 square feet, with 10% office space in each bay. The property features 20 ground-level roll-up doors and ample yard space (approximately 8,500 SF). Ceiling heights range from 12 to 14 feet. The property sits on 0.83 acres and is zoned I-1 (Light Industrial), offering significant upside potential. Currently, most tenants are on month-to-month leases, allowing for immediate rental increases. The asking price is $2,999,000 ($201.61/SF, $149,950/unit), projecting a pro-forma cap rate of 8.18% and a pro-forma NOI of $245,245. Built in 1963, this multi-tenant property benefits from its strategic location in the Central Broward Industrial submarket, providing easy access to major roadways, Interstate-95, and is approximately 20 minutes from Fort Lauderdale International Airport. The property's strong location and current market conditions make it an ideal investment for owner-users seeking a high-return opportunity or those looking to capitalize on the robust Broward County industrial market. This is a 1031 exchange eligible property.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Oakland Park
- County
- Broward
- State
- Florida
- Longitude
- -80.1377
- Latitude
- 26.1794
