sunrise autobody & collision...sunrise autobody & collision 4675 nw 103rd ave sunrise , fl...

Sunrise Autobody & Collision4675 NW 103rd AveSunrise , Fl 33178

Asking Price: $2,600,000

Carlos A. Ruiz Investment Sales3052164397cruiz@rcpfl.com0634911

2950 SW 27th Ave #100Miami, Fl 33133rcpfl.com

PROPERTY HIGHLIGHTS

9,375 SF RBA includes 1,575 SF, 17% office build­out.   Lot size is87,096, 2 Acres of Land.  

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1991 Year Built.  The property has been optimally designed and usedas an autobody repair and collision center.  It currently has 2operational spray booths, and one mixing station.  

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3 Phase heavy power with amperage ranging in between 225 to 400Amps.  

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18­20 foot clear height.  Bar and Joist Metal Roof●

40 designated parking spaces, 4.3 parking space/1,000 SF.●

Land to Building Ratio 9.29.  12 cross dock loading positions.●

City of Sunrise has is no longer issuing certificates of occupancy forthis type of use.  The subject property allows for a body shop operatorto seamless transition and operate in this building.

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PROPERTY DESCRIPTIONSunrise Autobody & Collision 4675 NW 103rd Ave  | Sunrise , Fl 33178

Carlos A. Ruiz Investment Sales3052164397cruiz@rcpfl.com

General Improvements Description:Property Type:  Industrial Gross Building Area SF:  9,375Total Rentable Area SF:  9,375Rentable Area Source:  Broward County Public Records / Physical MeasurementsGeneral Property Class:  BLand SF: 87,096Land to Building Ratio:  9.29 Parking Type:  Street LevelCondition of Parking:  Good Number of Parking Spaces:  40Parking Ratio:  4.27/1,000 SF Year Built:  1991Building Type:  IndustrialBuilding Description:  Paint and Body, Collision Stories:  1% of Office Build­out:  17%Ceiling Height:  18­20 ft Condition:  Good Appeal and Appearance:  Good Building Construction:  Metal Frame / Metal Siding Roof Type:  Metal / Bar & Joist Electrical:  3 Phase 255 Amps to 400 Amps Street Level Loading Doors:  12

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PROPERTY PHOTOSSunrise Autobody & Collision 4675 NW 103rd Ave  | Sunrise , Fl 33178 Page 3

PROPERTY PHOTOSSunrise Autobody & Collision 4675 NW 103rd Ave  | Sunrise , Fl 33178 Page 4

PROPERTY PHOTOSSunrise Autobody & Collision 4675 NW 103rd Ave  | Sunrise , Fl 33178 Page 5

RECENT SALE COMPARABLESSunrise Autobody & Collision 4675 NW 103rd Ave  | Sunrise , Fl 33178

Carlos A. Ruiz Investment Sales3052164397cruiz@rcpfl.com

S

Sunrise Autobody & Collision 4675 NW 103rd Ave , Sunrise , Fl 33178

Sale Price $2,500,000

Spaces 1

Rentable SqFt 9,375

Price/SqFt $266.67

Lot Size 87,096

Year Built 1991

1

2895 W. Prospect Road , Tamarac, Fl 33309

Sale Price $1,275,000

Spaces 1

Rentable SqFt 10,126

Price/SqFt $125.91

Lot Size 16,022

Year Built 1980

Sale Date 3/9/2018

Days­On­Market 210

NotesCBS walls with metal siding and metal roof.   The property was marketed with having 50% office build­out, 5,040 SF.   Itwas purchased and occupied by Turbine Standard, aircraft engine service and repair, who improved the facility.  

2

5239/5249/5259 N. Hiatus Road5239 N. Hiatus Road , Sunrise , Fl 33351

Sale Price $2,850,000

Spaces 3

Rentable SqFt 22,481

Price/SqFt $126.77

Lot Size 21,489

Year Built 2000

Sale Date 6/15/2018

NotesThis property has 3  ramps and 3 dock height  loading positions.    It  is  unknown as  to  the electrical  system.   Property  isoccupied by POS software, servicer, and distributor.  

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RECENT SALE COMPARABLESSunrise Autobody & Collision 4675 NW 103rd Ave  | Sunrise , Fl 33178

Carlos A. Ruiz Investment Sales3052164397cruiz@rcpfl.com

3

2275 SW 66th Ter , Davie, Fl 33317

Sale Price $1,750,000

Spaces 1

Rentable SqFt 9,236

Price/SqFt $189.48

Acres 1.020

Year Built 1996

Sale Date 10/23/2018

Notes14 ft clear height.  Off Market Transaction.  Was not listed.  

4

122 NE 32nd St , Oakland Park Blvd, Fl 33334

Sale Price $1,300,000

Rentable SqFt 10,430

Price/SqFt $124.64

Lot Size 14,977

Year Built 1978

Sale Date 5/16/2019

Notes6 Unit building.  Multi­Tenanted Street Level.  Days on Market is unknown.  

5

747 Shotgun Road , Sunrise , Fl 33326

Sale Price $1,000,000

Spaces 1

Rentable SqFt 6,075

Price/SqFt $164.61

Acres 0.140

Year Built 1991

Sale Date 4/12/2018

NotesCondo Unit.  

Page 7

RECENT SALE COMPARABLESSunrise Autobody & Collision 4675 NW 103rd Ave  | Sunrise , Fl 33178

Carlos A. Ruiz Investment Sales3052164397cruiz@rcpfl.com

S 4675 NW 103rd AveSunrise , Fl, 33178$2,500,000

1 2895 W. Prospect RoadTamarac, Fl, 33309$1,275,000

2 5239 N. Hiatus Road Sunrise , Fl, 33351$2,850,000

3 2275 SW 66th TerDavie, Fl, 33317$1,750,000

4 122 NE 32nd StOakland Park Blvd, Fl, 33334$1,300,000

5 747 Shotgun Road Sunrise , Fl, 33326$1,000,000

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Comp No. Subject 1 2 3 4 5

Property Name

Address 4675 NW

103rd Ave

2895 W.

Prospect Road

5239/5249/5259

N. Hiatus Road

2275 SW 66th

Ter

122 NE 32nd

St

747 Shotgun

Road

City Sunrise, Fl. Tamarac, Fl. Sunrise, Fl. Davie, Fl. Oakland Park

Fl.

Sunrise, Fl.

Date of Sale --- 03/09/18 06/15/18 10/23/18 05/16/19 04/12/18

Sale Price --- $1,275,000 $2,850,000 $1,750,000 $1,300,000 $1,000,000

Size GBA 9,375 10,126 22,481 9,236 10,430 6,075

Land Area (Acre) 2.00 0.37 0.49 1.02 0.34 0.14

Land to Bldg Ratio 9.29 1.58 0.96 4.80 1.44 2.50

SP/SF (GBA) --- $125.91 $126.77 $189.48 $124.64 $164.61

Miles to Subject Property ---

Financing --- 80% 75% 0%

Days on Market 210 N/A N/A

Floors 1 2 1 1 1 1

Parking Spaces /1,000 SF 4.27 1.00 1.00 3.11 1.00 1.30

Office Buildout 17% 50% 10% 10% 10% 10%

Year Built 1991 1960 2000 1996 1978 1991

Property Rights 0.00% 0.00% 0.00% 0.00% 0.00%

Financing Terms 0.00% 0.00% 0.00% 0.00% 0.00%

Conditions of Sale 0.00% 0.00% 0.00% 0.00% 0.00%

Months Elapsed 16.57 13.30 8.97 2.13 15.43

Time (5% Yrly Appreciation) 6.90% 5.54% 3.74% 0.89% 6.43%

Adj Price/GBA $134.61 $133.80 $196.55 $125.75 $175.19

Size 0.00% 5.00% 0.00% 0.00% 0.00%

Use 0.00% 0.00% 0.00% 0.00% 0.00%

Location 10.00% 0.00% 10.00% 10.00% 0.00%

LB Ratio @19/SF 116.34% 124.91% 45.01% 119.73% 78.38%

% Office Build-out @ 25/SF -6.59% 1.34% 0.90% 1.36% 1.03%

Construction Materials 0.00% -30.00% -30.00% -30.00% -30.00%

Total Net Adjustments $161.19 $135.47 $50.93 $127.12 $86.56

Net Percent Adjustment 119.75% 101.25% 25.91% 101.09% 49.41%

Total Adjusted Price/GBA $295.80 $269.27 $247.48 $252.87 $261.76

SUMMARY OF IMPROVED SALES WITH ADJUSTMENTS

QUANTITATIVE ADJUSTMENTS

Sale No. PSF/GBA Net Adjustment Adj. PSF/GBA

Subject ---- ---- ----

Sale 1 $125.91 $169.88 $295.80

Sale 2 $126.77 $142.50 $269.27

Sale 3 $189.48 $58.01 $247.48

Sale 4 $124.64 $128.23 $252.87

Sale 5 $164.61 $97.15 $261.76

Minimum Average Maximum

$247.48 $265.44 $295.80

Premise Estimated PSF/GBA Gross Bldg Area Value

As Is $277.00 9,375 $2,600,000

STATISTICAL ANALYSIS

MARKET VALUE ESTIMATE

IMPROVED SALES ANALYSIS

ADJUSTED PRICE/GBA ANALYSIS