2550 4th Ct, Fort Lauderdale, FL 33311-8627
- Distribution centers
- 8,160 SF
- 0.39 lot acres
Current Use by Public Records
- Smart Planet Solar - Solar Panel Installer / Solar Energy Company
- Global Parts Support Inc. / Industrial Manufacturer / Freight Service
- Power Avionics & Accessories / Logistics Company / Moving Company
Property Details for 2550 4th Ct
- Year built
- 1966
- Construction
- CONCRETE
- Lot size
- 0.39 lot acres
- Zone code
- M-2
- Property type
- Distribution centers
- APN
- 50-42-05-30-0160
- APU
- 504205300160
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jul 5, 2023 | $4,800,000 | Glcn LLC | North American Aero Assets LLC | Special Warranty Deed | $1.8M · North American Aero Assets LLC |
| Apr 12, 2022 | — | North American Aero Assets LLC | — | Deed · related | $1M · United States Small Business Admin |
| Jun 14, 2019 | — | North American Aero Assets LLC | — | Deed · related | $1M · United States Small Business Admin |
| Oct 23, 2017 | — | North American Aero Assets LLC | — | Deed · related | $500k · Wells Fargo Bank NA |
| Jan 4, 2012 | $400,000 | North American Aero Assets LLC | Monserrat,edward J & Christine K | Warranty Deed | — |
| Jan 16, 2003 | $435,000 | Edward J Monserrat | Swindell Industries INC | Grant Deed | — |
| — | — | Edward J Monserrat | — | Deed Of Trust · related | $700k · Wachovia Bank NA |
Description
This exceptional Class A industrial warehouse, located at 2550 NW 4th Ct, Fort Lauderdale, FL 33311, presents a compelling investment opportunity. The 13,058 square foot building, situated on a 16,930 square foot lot, boasts a 5.94% cap rate and a strong NOI of $312,000. Currently 100% occupied under a single tenant NNN lease, with a recent lease commencement date of July 1, 2023, and built in 1973 with renovations completed in 2011, this property offers significant long-term value. The building features 14-foot ceilings, one loading dock, and 16 parking spaces. The M-2 zoning provides flexibility for various uses. Recent improvements include a fresh exterior paint job, state-of-the-art 24-hour surveillance, updated tile flooring, upgraded offices, enhanced plumbing and electrical systems, and hurricane-proof windows. The property benefits from its strategic location, providing easy access to major interstates, Fort Lauderdale Airport, and Miami International Airport. The asking price is $5,250,000, representing a price per square foot of $402.05. The lease includes a 3% annual rent bump. This is a rare opportunity to acquire a high-performing, well-maintained industrial asset in a prime location.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $4,635,000
- ML approach
- $5,005,000
-
Alternative Use
- Use
- Estimation
- RESTAURANT
- $6,970,000
- AUTO REPAIR, GARAGE
- $6,615,000
- NEIGHBORHOOD: SHOPPING CENTER
- $6,140,000
- INDUSTRIAL (GENERAL)
- $3,835,000
- MEDICAL BUILDING
- $3,800,000
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Location Insight
- Map
- Local Demand
- City
- Fort Lauderdale
- County
- Broward
- State
- Florida
- Longitude
- -80.1766
- Latitude
- 26.126
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
