$3,200,000 590 Sw 9th Ter Pompano Beach, FL

MLS: A10030447   Type: Commercial   County: Broward   City: Pompano Beach   Area: 3432   Neighborhood: Multi-tenant   Zip: 33069   Style: Commercial Retail     Stories: 7   Taxes: $21,300

Mortgage $15,023 /mo



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Pompano Multi-tenant commercial distribution property of retail, office and warehouse tenants. All leases are currently gross leases. Potential to grow a 4.6% CAP to a 6% CAP over time by converting all leases to NNN-leases. Now is the time as many roll over Dec 2017 and June 2018 with the balance over time. Inquire with agent Brian Carter for the strategy and details and to request an offering package. Single story multi-bay 11 units leased as 6 units commercial income property with high visibility to I-95 N/S blocks south of Atlantic Blvd abutting & just west of I-95. Bays range as leased from 1,200 to 6,000 SF. 15,000 SF +/- of improvements on just under 40,000 SF +/- of Land.

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Price History

2/8/2016 Listed $5,000,000
11/22/2017 36% - $3,200,000

Approximate Lot Size 0
Area 3432
Building Name Number MULTI-TENANT
Improvement Height Com 1 Story
Locationof Property Commercial Park, Corner Unit, Corner Lot, Industrial Park
Prop Type Typeof Building Free Standing
Property Type Commercial/Industrial
Section 2
Security Security Lighting
Status Active
Styleof Property Commercial Retail
Subdivision Complex Bldg MULTI-TENANT
Terms Considered All Cash
Township Range 4942
Type of Property Industrial
Utility Expense 500
Year Built 1987
Zoning Information I-1

Interior Features

Cooling Description Central Individual A/C
Electric Service Over 200 Amps, 220 Volts Power, 3 Phase Electric
Fire Protection No Fire Protection
Flooring Carpeted Floors, Vinyl Floors
Heating Description Central Individual A/C
Interior Ceiling Height 17.0000
Num Floors 1
Num Toilets 11
Sq Ft Total 14500
Unit Count 0

Exterior Features

Buidlings 1
Construction Type Concrete Block Construction, Pre-Cast Concrete Construction
Door Height Door Ht 8-10'
Num Bays 11
Parking Description Common Parking
Parking Spaces 0
Road Frontage City Road
Road Type Description Two Lane
Roof Description Built-Up Roof, Concrete Roof
Sewer Description Public Sanitation
Water Description Public Water

Property Schools

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Property vs Zip Code Avg (33069)

Price 3.20M Avg 1.52M

Sqr Feet 14,500 Avg 17,221

Cost / Sqr Ft $221 Avg $88

Taxes $21,300 Avg $26,421

Visits 388 Avg 50

Days on Site 960 Avg 335

Walkscore® 49 Avg 38

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Listing Provided Courtesy Of: Douglas Elliman

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Location & Address

Kate Smith Group
20200 West Dixie Hwy, Suite 604
Aventura, FL