5700 Funston St

    Hollywood, FL 33023
    • $1,500,000
    • STATUS: Active
    • ON SITE: 300 days
    • MLS #: A10561425
    UPDATED: 179 min ago
    $1,500,000
    • 0
      BEDS
    • 0.12
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1965
    County:
    Area:

    School Ratings & Info

    Description

    This property consists of 10,290 square feet of leasable space well situated on a large 15,372 square foot lot. Property is zoned IM-2 which permits most heavy industrial uses. All automotive uses allowed. Clean phase report 2 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 3450 sf each. There are currently three tenants with one vacancy. All three tenants are on net leases and pay full CAM passthroughs. This property is currently grossing $115,773 per year, netting $91,282 per year providing a 6% actual capitalization rate. When the vacant bay is leased to a new tenant at the current leasing rate, this property will net $110,943 providing an investor with an above market capitalization rate of 7.39%.

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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 2019-08-22T23:41:13.607.
    www.southfloridahomefinderteam.com/homes/88886966

    5700 Funston St Hollywood, FL 33023

    • Price: $1,500,000
    • Status: Active
    • Updated: 179 min ago
    • MLS #: A10561425
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.12
    Acres
    1965
    Built
    Neighborhood:
    3070
    County:
    Broward
    Area:
    3070
    Property Description
    This property consists of 10,290 square feet of leasable space well situated on a large 15,372 square foot lot. Property is zoned IM-2 which permits most heavy industrial uses. All automotive uses allowed. Clean phase report 2 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 3450 sf each. There are currently three tenants with one vacancy. All three tenants are on net leases and pay full CAM passthroughs. This property is currently grossing $115,773 per year, netting $91,282 per year providing a 6% actual capitalization rate. When the vacant bay is leased to a new tenant at the current leasing rate, this property will net $110,943 providing an investor with an above market capitalization rate of 7.39%.
    Exterior Features

    Num Loading Doors 0 Num Parking Spaces 0 Waterfront Property Yn No

    Interior Features

    Interior Ceiling Height 14.0000 Maximum Ceiling Height 14.0000 Num Offices 0

    Property Features

    Approximate Lot Size 15372 Electric Service 110 Volts Power Flood Zone X Num Bays 5 Section 24 Tax Amount 5462 Tax Year 2017 Typeof Property Industrial

    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 2019-08-22T23:41:13.607.
     
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    701 Promenade Drive, Suite 230
    Pembroke Pines FL, 33026