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S. Dixie Highway Industrial Portfolio

Listing was updated on: 01/23/2020
S. Dixie Highway Industrial Portfolio S. Dixie Highway Industrial Portfolio S. Dixie Highway Industrial Portfolio S. Dixie Highway Industrial Portfolio S. Dixie Highway Industrial Portfolio S. Dixie Highway Industrial Portfolio S. Dixie Highway Industrial Portfolio S. Dixie Highway Industrial Portfolio S. Dixie Highway Industrial Portfolio S. Dixie Highway Industrial Portfolio

Property Overview

Price/Rent PSF $ 3,995,000.00
Asset Type Industrial
Trade Type Sale & Lease
SQ. FT. Available 34,522
Spaces Show
Date Available 01/23/2020
Additional URL Link
Floors 1
Additional parameters Show
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Description

Location
The property is located at the Southeast corner of the intersection of Dixie Highway and McNab Road in Pompano Beach. The immediate area is experiencing a re-gentrification, including a new luxury apartment complex is being built directly across the street. The apartment complex will be an eight- story building with apartments, and an adjacent mixed use/retail.

Sale
Available for sale (or Lease), this property includes two (2) separate warehouse buildings on South Dixie Highway in Pompano Beach that offer unmatched visibility, convenient access to major roadways and excellent value for an owner-user or an investor.

The 1510- 1536 building is a 9,342± sq ft, 10 bay warehouse. Each bay has a front facing office and a rear overhead door. The building offers complete access on all four sides for parking and loading.

The 1610- 1614 building is a 25,180 ± square foot warehouse with 8 large hurricane resistant street level overhead doors, (Approx. 14' x 14'), 16' clear height, 2 overhead crane rails, 3 phase heavy electrical power and windows in a portion of the warehouse for natural lighting. The building can be sub-divided into various bay sizes for an owner or for leasing and even a combination of both. This building has proven an ideal location for the past two owners as each was able to build their business from modest local manufacturing companies to recognized industry leaders in their respective fields.

This area of E. Pompano Beach is undergoing a renovation and is referred to as an "Industrial Crafts District". Alternative uses would include: Micro-Brewery, Cross-Fit or Food Hall concept.

Seller financing is available for qualified buyers. This property and the adjoining 25,180 sq ft warehouse are being sold together for $3,995,000 "as-is." Excellent opportunity for an owner/user to purchase a building and occupy 100% or rent a portion for additional income. The smaller building consists of 10 separate bays, each with it's own air conditioning, overhead door, office and restroom. Each bay is separately metered.

The immediate area is experiencing a re-gentrification, including a new luxury apartment complex is being built directly across the street. The apartment complex will be an eight- story building with apartments, and an adjacent mixed use/retail.

Investors/Buyers - The Property is located within a New Markets Tax Credit Zone (NMTC). The NMTC Program attracts private capital into low-income communities by permitting individual and corporate investors to receive a tax credit against their federal income tax in exchange for making equity investments in specialized financial intermediaries called Community Development Entities (CDEs). The credit totals 39 percent of the original investment amount and is claimed over a period of seven years. Additional IRS information may be downloaded via the link below. (Investors and buyers are advised to consult with a tax professional regarding this Program).

Also for lease - rates from $11.50 to $14.00 Industrial Gross.

Lease
1500 Bldg. - small-bay opportunities - approx. 10% - 45% office with grade level O/H doors.

1610 Bldg. - 25,180 sq. ft. - can be sub-divided, if needed. Features 8 grade level O/H doors.

Location

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