REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 2,180,000
Est. payment | /mo
0.67 Acres Lot
$ 2,180,000
Est. payment | /mo
0.67 Acres Lot
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
MLS Listing ID A12072664
HOA Y/N No
Annual Tax Amount $11,997
Lot Size 0.670 Acres
Acres 0.67
Property Sub-Type Industrial
Property Description
Upside Partners, LLC is pleased to exclusively present a rareopportunity to acquire a net-leased income property backed by oneof the strongest credit profiles in commercial real estate: a Floridamunicipality rated ‘AA'. The City of Oakland Park has 100% leased thesubject site at 5299 NE 12th Avenue under a five-year absolute netlease commenced February 1, 2025, with three (3) two-year renewaloptions and contractual 4% annual rent escalations.The investment thesis is built on two pillars: (1) the City's AA credit —stronger than the vast majority of corporate net-lease tenants,including Walgreens (BBB), CVS (BBB), Dollar General (BBB), and onpar with select cities like New York, Miami and Dallas; and (2) theunderlying real estate — a 29,175 SF B-3 commercial-industrial parcelin one of South Florida's most supply-constrained infill industrialcorridors, providing meaningful residual value protection should theincome stream ever end.
Location
State FL
County Broward
Area 3350
Zoning B-3
Interior
Interior Features InteriorFeatures
Fireplace No
Building
Dwelling Type Industrial
Others
Tax ID 494214200100
Virtual Tour https://www.propertypanorama.com/instaview/mia/A12072664
Listed by Andrew I. Rosenberg Upside Partner, LLC.
Nearby Locations
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "