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1404 Mcnab Rd Fort Lauderdale, FL 33309

OFF-MARKET Warehouses Google Maps
29,960 SF 1.52 ac lot Built 1981
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

This exceptional investment opportunity presents a 29,960-square-foot free-standing multi-tenant warehouse building in Fort Lauderdale, Florida. Located at 1404-1412 W McNab Road, this property boasts a prime location within the Gateway Industrial Park/Cypress Creek Uptown District, offering easy access to I-95 and the Florida Turnpike. The building, constructed in 1981, features four bays, each approximately 7,490 square feet, with 20-foot clear ceilings and 100% air conditioning. The property sits on a 1.516-acre lot and includes 58 parking spaces. The building is currently 100% leased, generating a strong net operating income (NOI) of $456,890 and a compelling 5.87% capitalization rate. Built with twin tee concrete construction, this warehouse offers exceptional durability and functionality. Its strategic location provides proximity to the Fort Lauderdale Executive Airport, the new Inter Miami CF Soccer Stadium, and numerous restaurants, hotels, and retail establishments. The asking price is $8,950,000, translating to $298.73 per square foot. The property is zoned I. This is a rare chance to acquire a high-performing, well-located industrial asset with significant upside potential.

Property profile

Verified
Property type Warehouses
Year built 1981
Total area 29,960 SF
Lot 1.52 ac (66,037 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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