NORTH MIAMI BEACH, Fla. (September 27, 2017)—Tiktin Real Estate Investment Services (TREIS), a full service commercial investment sales brokerage, has announced the sale of Fort Lauderdale Industrial, a three-tenant warehouse located at 933 NW 36 Street in Oakland Park, Florida. The property sold for $1.6 million, and closing took place August 31, 2017. Adam J. Tiktin, president of TREIS, represented the Seller, 933 Oakland LLC in this transaction.
Fort Lauderdale Industrial sits on a .60 square-foot lot and features 18,952 square feet of rentable space. Originally built in 1975, the warehouse was remodeled in 2015. The property boasts 20-foot ceilings and includes two loading docks. Fort Lauderdale Industrial is 100% occupied by three tenants who all have triple-net leases with ten-year terms.
The property is situated just off Interstate 95 (I-95), a major thoroughfare in South Florida, and Powerline Road in Oakland Park. With a population in excess of 430,500 within a five-mile radius, Fort Lauderdale Industrial is centrally located and an ideal opportunity for investors.
For more information, call (305) 363-4750 or (844) 4-TIKTIN or visit www.tiktinrealestate.com.