• Irving J. Diaz

Automotive Real Estate for Sale

Updated: Apr 22

100% Occupied at 6.23% CAP


Asking Price $2,900,000


Listing Status: ACTIVE


Address: 214 Margate Court, Margate, FL, USA


Listing Type: For Sale Property Type: Industrial

Sub-Type: Building Lot Size (SF): 52,708

Building Size (SF): 16,940


Details:

PRINCIPALS ONLY. First time on the market in over 20 years. In-Place Actual NOI of $180k at 6.23% CAP Rate. This Small Bay Multi-Tenant property is comprised of five (5x) stable tenants with an average operating history of 16 years at the site. The tenant mix includes essential businesses such as auto care and specialty niche services, and has remained operational throughout the pandemic. 40 Year Certification Completed. The site's TOC-C -TRANSIT-ORIENTED CORRIDOR Zoning may allow for Value-Add redevelopment potential.


Contact: Irving J. Diaz, CCIM

Telephone: (954) 644-8900


#automotiverealestate #automotiverealestateforsale

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