1404 Mcnab Rd Fort Lauderdale, FL 33309
- Warehouses
- 29,960 SF
- 1.52 lot acres
Current Use by Public Records
- Warehouses
Property Details for 1404 Mcnab Rd
- Year built
- 1981
- Lot size
- 1.52 lot acres
- Property size
- 29,960 SF
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
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.
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
- Fort Lauderdale
- County
- Broward
- State
- Florida
- Longitude
- -80.1627
- Latitude
- 26.2104
