5700 Funston St

    Hollywood, FL 33023
    • $1,500,000
    • STATUS: Active
    • ON SITE: 386 days
    • MLS #: A10561425
    UPDATED: 173 min ago
    $1,500,000
    • 0
      BEDS
    • 0.24
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Commercial
    Built:
    1965
    County:

    School Ratings & Info

    Description

    This property consists of 10,370 square feet of leasable space well situated on a large 15,733 square foot lot. Property is zoned IM2 which permits most heavy industrial uses; automotive uses allowed. Clean phase II environmental report on file. This property contains 4 bays allocated as follows; 5706 bays A and B (2 bays) are 1750 sf each, 5700 and 5676 (2 bays) are 3440 sf each. The property can also work for an owner-user who can occupy the property. There is currently 1 tenant on a triple net lease who pays full CAM passthroughs. When the vacant bays are leased at the current leasing rate of $13 p/sf NNN, this property will gross $163,256 annually and net $134,996 per year which will provide an investor with an above-market capitalization rate of 9.0%. Seller financing is available.

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    Copyright 2019, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2019, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2019-11-16T23:41:52.663.
    www.bestbrowardrealestate.com/homes/88886966

    5700 Funston St Hollywood, FL 33023

    • Price: $1,500,000
    • Status: Active
    • Updated: 173 min ago
    • MLS #: A10561425
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.24
    Acres
    1965
    Built
    County:
    Broward
    Property Description
    This property consists of 10,370 square feet of leasable space well situated on a large 15,733 square foot lot. Property is zoned IM2 which permits most heavy industrial uses; automotive uses allowed. Clean phase II environmental report on file. This property contains 4 bays allocated as follows; 5706 bays A and B (2 bays) are 1750 sf each, 5700 and 5676 (2 bays) are 3440 sf each. The property can also work for an owner-user who can occupy the property. There is currently 1 tenant on a triple net lease who pays full CAM passthroughs. When the vacant bays are leased at the current leasing rate of $13 p/sf NNN, this property will gross $163,256 annually and net $134,996 per year which will provide an investor with an above-market capitalization rate of 9.0%. Seller financing is available.
    Exterior Features

    Parking Total 0 Pool Private YN No Waterfront YN No

    Interior Features

    Building Area Total 10370

    Property Features

    Association YN No Business Type IndustrialWarehouse Space Electric 110 Volts Power Horse YN No Internet Address Display YN Yes Internet Automated Valuation Display YN No Internet Entire Listing Display YN Yes New Construction YN No Property Sub Type Industrial Public Survey Section 24 Senior Community YN No Special Listing Conditions Sale Tax Annual Amount 5462 Tax Year 2017

    Listing courtesy of Re/Max 5 Star Realty.


    Copyright 2019, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2019, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2019-11-16T23:41:52.663.
     
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