fort lauderdale warehouse...it includes a sales center/showroom, parts department, repair shop,...

Fort Lauderdale Warehouse

17,160 Square Feet6.36% Capitalization Rate

Perfect for an owner user or investor

FORT LAUDERDALE INDUSTRIAL PROPERTY936 NORTHWEST 1ST STREET • FORT LAUDERDALE, FL 33311

Phone: (954) 361-0000 ● Fax: (954) 361-0070 ● 4151 Hollywood Blvd ● Hollywood, FL 33020 ● www.DeMarcoGroup.com

PROPERTY SUMMARY936 Northwest 1st Street | Fort Lauderdale, FL 33311

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteedand should be personally verified through personal inspection by and/or with the appropriate professionals.

Property SummaryAPN 504204010022

Floors 2

Property Type Industrial

Purchase Price $2,700,000

Price per SF $157.34

Property Size Sq. Ft. 17,160

Lot Size 14,000 Sq. Ft.

Year Built 1975

Zoning B-3

Location OverviewThe City of Fort Lauderdale is situated on the southeast coast ofFlorida, in the east-central portion of Broward County, approximately23 miles north of Miami and 42 miles south of Palm Beach. The Cityshares boundaries with nine other municipalities, as well asunincorporated areas of the County. Encompassing approximately 36square miles, Fort Lauderdale is the eighth largest city in Florida andthe largest of Broward County’s 31 municipalities.

Transportation OverviewFort Lauderdale-Hollywood International Airport is the city's mainairport and is the fastest-growing major airport in the country.Brightline, a fast train service that went into operation in mid-2018,has enhanced Broward County’s strategic position. The train has forthe first time connected South Florida’s three central businessdistricts and unified the region’s labor market.Fort Lauderdale is home to Port Everglades, the nation's third busiestcruise port. It is Florida's deepest port, and is an integral petroleumreceiving point.

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PROPERTY DESCRIPTION936 Northwest 1st Street | Fort Lauderdale, FL 33311


Fort Lauderdale Warehosue John DeMarco with Re/Max 5 Star Realty is pleased to present the sale of 936-940 NW 1st ST Ft LauderdaleFlorida. The physical property is located in East Ft Lauderdale Florida. This building consists of 17,160 square feet ofusable space. It includes a sales center/showroom, parts department, repair shop, manufacturing plant, ample officespace, and much more. The build-out was fully permitted and this property is fully up to code. The current build out costwell over $650,000 and this building is in excellent overall condition. This is a very unique property that is currently setup as a motorcycle manufacturing plant with a sales and parts showroom. Property is zoned B-3 Heavy Commercial/Light Industrial. See enclosed all allowable zoning uses.

Included in this offering are recent comparable sales that show the average recent selling price per foot for similarproperties is $164; at $2.7mil this property is being sold for only $157 a foot.

Included in this offering are recent lease comparables confirming the average leasing rates average $10 a square footnet. When leased and stabilized this property will net $171,600 per year yielding a strong 6.36% capitalization rate.

Please call John DeMarco for additional information and for a complete tour. Please remember to not disturb existingbusiness, all showings are by appointment only.

P. 3

PRO FORMA SUMMARY936 Northwest 1st Street | Fort Lauderdale, FL 33311


TENANT ANNUAL SCHEDULED INCOME

Tenant Actual Market

Thunder Cycle Designs $0 $171,600

TOTALS $0 $171,600

ANNUALIZED INCOME

Description Actual Market

Gross Potential Rent $0 $171,600

- Less: Vacancy $0 $0

Effective Gross Income $0 $171,600

- Less: Expenses ($27,811) $0

Net Operating Income ($27,811) $171,600

ANNUALIZED EXPENSES

Description Actual Market

Building Insurance $7,500 $0

Taxes - Real Estate $20,311 $0

TOTAL EXPENSES $27,811 $0

EXPENSES PER RSF $1.62 $0.00

INVESTMENT SUMMARY

PRICE $2,700,000

Year Built 1975

Tenants 1

RSF 17,160

Price/RSF $157.34

Lot Size 14,000 sf

Floors 2

APN 504204010022

Cap Rate -1.03%

Market Cap Rate 6.36%

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PROPERTY PHOTOS936 Northwest 1st Street | Fort Lauderdale, FL 33311


P. 5

PROPERTY PHOTOS936 Northwest 1st Street | Fort Lauderdale, FL 33311


P. 6

List of permitted and conditional uses, Heavy Commercial/Light Industrial (B-3) District. District Categories—Automotive, Boats, Watercraft and Marinas, Commercial Recreation, Food and Beverage Sales and Service, Light Manufacturing, Lodging, Public Purpose Facilities, Retail Sales, Services/Office Facilities, Wholesale Trade, Storage and Warehousing, and Accessory Uses, Buildings and Structures.

A. REQUIRED USES

1. The portion of property fronting a navigable waterway must be used for marina or hotel marina, or shipyard use, see Section 47-23.8, Specific

Location Requirements for Waterway Uses.

B. PERMITTED USES C. CONDITIONAL USES: See Section 47-24.3.

1. Automotive

a. Automotive Detailing and Alarm Systems. a. Car Wash, Outdoor Hand-wash.

b. Automotive Sales, Rental, new or used vehicles, see Section 47-18.3. b. Communication Towers, Structures, Station, see

Section 47-18.11.

c. Automotive Parts & Supplies Store, including installation in wholly enclosed buildings,

permitting wholesale sales.

d. Automotive Repair Shop, including major repair, see Section 47-18.4.

e. Automotive Service Station, see Section 47-18.5.

f. Car Wash, automatic, see Section 47-18.7.

g. Motorcycle/Moped Sale, wholesale sales permitted.

h. Recreation Camper and Trailers, Sales and Rental, new or used, wholesale sales

permitted, see Section 47-18.27.

i. Taxi Lot/Operations.

j. Tire sales, including Retreading and Service, wholesale sales permitted.

2. Boats, Watercraft and Marinas

a. Marine Parts and Supplies Store. b. Sailmaking. c. Watercraft Repair, major repair, see Section 47-18.37. d. Watercraft Sales and Rental, new or used, see Section 47-18.36.

a. Charter and Sightseeing Boat, see Section 47-23.8. b. Hotel Marina, see Section 47-23.8. c. Marina, see Section 47-23.8. d. Marine Service Station see Section 47-18.20. e. Shipyard, see Section 47-23.8. f. Watercraft Sales, Rental, new or used, see Section 47-18.36.

3. Commercial Recreation

a. Billiard Parlor. b. Bingo Hall. c. Bowling Alley. d. Indoor Motion Picture Theater. e. Performing Arts Theater.

a. Indoor Firearms Range, see Section 47-18.18.

4. Food and Beverage Service, Retail and Wholesale

a. Bakery.

b. Bar, Cocktail Lounge, Nightclub.

c. Cafeteria.

d. Candy, Nuts.

e. Catering Operation.

f. Convenience Kiosk. See Sec. 47-18.43.

g. Convenience Store. See Sec. 47-18.43.

h. Convenience Store, Multi-Purpose. See Sec. 47-18.43.

i. Delicatessen.

j. Food and Beverage, Drive-Thru and Carry-Out.

k. Fruit and Produce Store.

l. Grocery/Food Store.

m. Ice Cream/Yogurt Store.

n. Liquor Store. See Sec. 47-18.43.

o. Meat and Poultry Store.

p. Package Liquor Store. See Sec. 47-18.43.

q. Restaurant.

r. Seafood Store.

s. Supermarket.

5. Light Manufacturing

a. Apparel, Textile, Canvas and related uses.

b. Contractors Yards.

c. Processing and Assembly of Previously Prepared Materials.

6. Lodging

a. Hotel, see Section 47-18.16.

7. Public Purpose Facilities

a. Bus Terminal, Railroad Station. b. Hospital. c. Civic and Private Clubs Facility. d. Government Administration. e. Active and Passive Park, see Section 47-18.44. f. Public/Private Recreation. g. Police and Fire Substation. h. Post Office Substation. i. Railroad Freight and Passenger Depot.

a. Social Service Facility, see Section 47-18.31. b. Communication Towers, Structures, and Stations, see Section 47-18.11. c. Addiction Treatment Center, see Section 47-18.31. d. Social Service Facility—General, see Section 47-18.31.

8. Retail and Wholesale Sales

a. Antiques Store. a. Pain Management Clinic.

b. Apparel/Accessories.

c. Arts & Crafts Supplies.

d. Art Studio.

e. Bait and Tackle.

f. Bicycles.

g. Books.

h. Camera, Photographic Supplies.

i. Card & Stationery.

j. Cigars, Tobacco.

k. Computers/Software.

l. Consignment, Thrift.

m. Cosmetics, Sundries.

n. Department Store.

o. [ Reserved. ]

p. Fabric, Needlework, Yarn.

q. Firearms Store.

r. Florist.

s. Flooring Store.

t. Furniture Store.

u. Gifts, Novelties, Souvenirs.

v. Glassware, China, Pottery.

w. Hardware.

x. Hobby Items, Toys, Games.

y. Holiday-Related Merchandise, Outdoor Sales, see Section 47-18.15.

z. Home Improvement Center.

aa. Household Appliances.

bb. Jewelry.

cc. Lawn and Garden Supplies, Furniture.

dd. Linen, Bath, Bedding.

ee. Luggage, Handbags, Leather Goods.

ff. Lumber Yards.

gg. Medical Supplies.

hh. Mobile Vendor, see Section 47-18.22.

ii. Music, Musical Instruments.

jj. Newspapers, Magazines.

kk. Nursery, Plants, Flowers.

ll. Office Supplies, Office Equipment.

mm. Optical Store.

nn. Paint, Wallpaper.

oo. Party Supply.

pp. Pawn Shop.

qq. Pet Store.

qq-1.

Pharmacy.

rr. Shoe Store.

ss. Sporting Goods Store.

tt. Swimming Pools, Hot Tubs & Spas, supplies and service.

uu. Tapes, Videos, Music CD's.

9. Services/Office Facilities

a. Auction House. b. Check Cashing Store.

a. Adult Gaming Center, see Section 47-18.42.

c. Child Day Care Facilities, Corporate/Employee Sponsors, see Section 47-18.8. b. Child Day Care Facilities, Large, see Section 47-18.8.

d. Contractors yards. c. Medical Cannabis Dispensing Facilities, see Section

47-18.46.

e. Copy Center.

f. Dry Cleaning, Laundering Plant.

g. Equipment Rental.

h. Film Processing Plant, including wholesale sales.

i. Financial Institution, including Drive-Thru Banks.

j. Fortunetellers and Psychic Readers.

k. Funeral Home.

l. Health and Fitness Center.

m. Instruction: Fine Arts, Sports, Recreation, Dance, Music, Theater.

n. Interior Decorator.

o. Mail, Postage, Fax Service.

p. Massage Therapist.

q. Medical Clinic.

r. Medical, Dental Office.

s. Mover, Moving Van Service.

t. Parking Facility, see Section 47-20.

u. Pest Control.

v. Pet Boarding Facility, Domestic Animals Only.

w. Personnel Services, including Labor Pools.

x. Professional Office.

y. Photographic Studio.

z. Publishing Plant.

aa. Security Systems.

bb. Shoe Repair.

cc. Swimming Pools.

dd. Tailor, Dressmaking Store.

ee. Tanning Salon.

ff. Tattoo Artist.

gg. Taxidermist.

hh. Trade/Business School.

ii. Travel Agency.

jj. Veterinary Clinic, see Section 47-18.35.

kk. Watch and Jewelry Repair.

10. Storage Facilities

a. Self Storage Facility, see Section 47-18.29.

b. Warehouse Facility.

11. Accessory Uses, Buildings and Structures (See also Section 47-19.)

a. Accessory uses to Hotels, see Section 47-19.8.

b. Catering Services.

c. Child Day Care Facility, Corporate/Employee Sponsor, when accessory to a Professional

Office, see Section 47-18.8.

d. Film Processing, when accessory to a permitted use.

e. Outdoor Dining and Sidewalk Café, see Section 47-19.9.

f. Outdoor storage, see Section 47-19.9.

g. Video Games Arcade, when accessory to a shopping center.

h. Warehouse Facilities.

LEASE COMPARABLES

936 Northwest 1st Street | Fort Lauderdale, FL 33311


1 18 NW 1st Ave - Tropical Press Inc SOLD

Fort Lauderdale, FL 33301 Broward County

Sale Date:

– Research Status:

PrFrma Cap Rate:

Sale Price:$158.03$1,849,000 - Full Value12/04/2018 Bldg Type:

Zoning:

Year Built/Age:RBA:

-

Parcel No:Financing:

50-42-10-01-1920-

Full Value

Class C IndustrialWarehouseBuilt 1945 Age: 7311,700 SF

RAC-CCLand Area: 0.50 AC (21,780 SF)

Price/SF:

4634266Comp ID:

Map Page: Trakker 164

2 1311-1327 SW 1st Ave SOLD


Sale Date:


PrFrma Cap Rate:

Sale Price:$162.22$300,10008/01/2018 Bldg Type:

Zoning:

Year Built/Age:RBA:

-


50-42-15-10-1281-

Public Record


B-3, Fort LauderdaleLand Area: -

Price/SF:

4478987Comp ID:

3 501 SW 2nd Ave SOLD


Sale Date:


PrFrma Cap Rate:

Sale Price:$198.21$1,860,000 - Confirmed09/05/2018 Bldg Type:

Zoning:

Year Built/Age:RBA:

-


50-42-10-01-0660$1,100,000 from Popular Bank

Confirmed

Class C IndustrialServiceBuilt 1954 Age: 649,384 SF

RAC-SMULand Area: 0.21 AC (9,148 SF)

Price/SF:

4515443Comp ID:

Copyrighted report licensed to RE/MAX 5 Star Realty - 995182. 8/1/2019

Page 1

SALE COMPARABLES

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4 3370 NE 5th Ave SOLD

Oakland Park, FL 33334 Broward County

Sale Date:


PrFrma Cap Rate:

Sale Price:$160.00$800,000 - Confirmed09/11/2018 (53 days on mkt) Bldg Type:

Zoning:

Year Built/Age:RBA:

7.27%


49-42-23-05-5540Down payment of $200,000 (25.0%); $600,000 from Legacy Bank

Confirmed


I-1Land Area: 0.17 AC (7,405 SF)

Price/SF:

4510773Comp ID:

5 744 NW 5th Ave - Multi-Property Sale (Part of Multi-Property) SOLD


Sale Date:


PrFrma Cap Rate:

Sale Price:

Actual Cap Rate:

$160.46$523,092 - Allocated09/14/2018 Bldg Type:

Zoning:Sale Conditions:

Year Built/Age:RBA:

--

Parcel No:Financing: -

Allocated


B-31031 Exchange

Land Area: 0.66 AC (28,750 SF)Price/SF:

4561855Comp ID:

6 716 NW 7th Ter SOLD


Sale Date:


PrFrma Cap Rate:

Sale Price:

Actual Cap Rate:

$181.33$544,00003/19/2019 (50 days on mkt) Bldg Type:


Year Built/Age:RBA:

--


--

Public Record


M-1, Ft. LauderdaleBulk/Portfolio Sale


4705243Comp ID:


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SALE COMPARABLES

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7 4787-4799 NE 11th Ave - Multi-Property Sale (Part of Multi-Property) SOLD

Oakland Park, FL 33334 Broward County

Sale Date:


PrFrma Cap Rate:


Zoning:

Year Built/Age:RBA:

-


Confirmed


I-1Land Area: 0.43 AC (18,731 SF)

Price/SF:

4688750Comp ID:

8 5180 NW 12th Ave - Cold Storage Warehouse SOLD


Sale Date:


PrFrma Cap Rate:

Sale Price:

Actual Cap Rate:

$156.78$2,107,500 - Confirmed11/28/2018 (219 days on mkt) Bldg Type:


Year Built/Age:RBA:

--


49-42-16-03-0190-

Confirmed

Class B IndustrialWarehouseBuilt 1983 Age: 3513,442 SF

B-3, Fort Lauderdale1031 Exchange


4612924Comp ID:


9 535 NE 13th St - Multi-Property Sale (Part of Multi-Property) SOLD


Sale Date:


PrFrma Cap Rate:

Sale Price:$151.52$900,000 - Full Value01/09/2018 (182 days on mkt) Bldg Type:

Zoning:

Year Built/Age:RBA:

-


Full Value

Class B IndustrialShowroomBuilt 1963 Age: 555,940 SF

CBLand Area: 0.33 AC (14,375 SF)

Price/SF:

4075176Comp ID:


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SALE COMPARABLES

LEASE COMPARABLES



10 217 SW 33rd Ct ESCROW


Asking Price:

Actual Cap Rate:

Price/SF: $160.35$1,450,000 Sale Type:

Zoning:

Bldg Status:

-

Parcel No: 50-42-22-10-0181

Owner UserClass C IndustrialWarehouseBuilt 1970

I

RBA: 9,043 SF

Bldg Type:Days on Market: 171

Sale Status: Escrow


11 201 SW 33rd St SOLD


Sale Date:


PrFrma Cap Rate:


Zoning:

Year Built/Age:RBA:

-


50-42-22-08-1610-

Confirmed


ILand Area: 0.45 AC (19,602 SF)

Price/SF:

4531497Comp ID:

12 3020 S Federal Hwy - US1 Parking (Part of Multi-Property) SOLD


Sale Date:


PrFrma Cap Rate:

Sale Price:$169.05$2,113,105 - Allocated06/01/2018 Bldg Type:

Zoning:

Year Built/Age:RBA:

-


Allocated

Class C IndustrialServiceBuilt 1955 Age: 6312,500 SF

B-3Land Area: 0.83 AC (36,155 SF)

Price/SF:

4281724Comp ID:


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SALE COMPARABLES

LEASE COMPARABLES



Dollar Volume

Legend:

Current Survey

Sold Transactions11

$13,721,7971

$1,450,000Number of TransactionsTotal Dollar Volume

70,5524.33

9,0430.37

Total Bldg Square FeetTotal Land in Acres

188,615$1,247,436

16,117$1,450,000

Total Land in SFAverage Price

7,055$164.54

9,043$160.35

Average Number of SFAverage Price Per Bldg SF

$160.230.43

$160.350.37

Median Price Per SFAverage Number of Acres

18,861-

16,117-

Average Number of SF(Land)Average Price Per Unit

--

--

Median Price Per UnitAverage Number of Units

-Actual Cap Rate

SoldTransactions

For Sale &UC/Pending

-

Time Interval - Quarterly

Report Time Frame: 1/1/2018 - 8/1/2019

Trend Report


Page 5

SALE COMPARABLES

LEASE COMPARABLES



Average Price Per SF

Legend:

Current Survey

Sold Transactions11

$13,721,7971

$1,450,000Number of TransactionsTotal Dollar Volume

70,5524.33

9,0430.37

Total Bldg Square FeetTotal Land in Acres

188,615$1,247,436

16,117$1,450,000

Total Land in SFAverage Price

7,055$164.54

9,043$160.35

Average Number of SFAverage Price Per Bldg SF

$160.230.43

$160.350.37

Median Price Per SFAverage Number of Acres

18,861-

16,117-

Average Number of SF(Land)Average Price Per Unit

--

--

Median Price Per UnitAverage Number of Units

-Actual Cap Rate

SoldTransactions

For Sale &UC/Pending

-

Time Interval - Quarterly

Report Time Frame: 1/1/2018 - 8/1/2019

Trend Report


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SALE COMPARABLES

LEASE COMPARABLES



Trend Report

2Q18 04/1-6/30/181Q18 01/1-3/31/18

For Sale & UC/Pending For Sale & UC/Pending

1Q18 01/1-3/31/18 2Q18 04/1-6/30/18

Number of TransactionsTotal Dollar VolumeTotal Bldg Square FeetTotal Land in AcresTotal Land in SFAverage PriceAverage Number of SFAverage Price Per Bldg SFMedian Price Per SFAverage Number of AcresAverage Number of SF(Land)Average Price Per UnitMedian Price Per UnitAverage Number of UnitsActual Cap Rate

Sold TransactionSold Transaction

1$900,000

5,9400.33

14,375$900,000

5,940$151.52$151.52

0.3314,375

----

0$0

0---0--------

1$2,113,105

00.83

36,155$2,113,105

0--

0.8336,155

----

0$00---0--------

4Q18 10/1-12/31/183Q18 07/1-9/30/18


3Q18 07/1-9/30/18 4Q18 10/1-12/31/18



5$4,983,192

28,4131.49

64,904$996,638

5,683$175.38$162.22

0.3716,226

----

0$0

0---0--------

2$3,956,500

25,1421.02

44,431$1,978,250

12,571$157.37$157.41

0.5122,216

----

0$00---0--------

3Q19 07/1-8/1/191Q19 01/1-3/31/19


1Q19 01/1-3/31/19 3Q19 07/1-9/30/19



2$1,769,000

11,0570.66

28,750$884,500

5,529$159.99$166.69

0.3314,375

----

0$0

0---0--------

0$0

0---0--------

1$1,450,000

9,0430.37

16,117$1,450,000

9,043$160.35$160.35

0.3716,117

----


Page 7

ESALE COMPARABLES

LEASE COMPARABLES936 Northwest 1st Street | Fort Lauderdale, FL 33311

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection byand/or with the appropriate professionals.

Oakland Park, FL 33309 - Central Broward Ind Submarket

3,000 SF Industrial Lease Signed Jul 2019 for $13.00 Plus All Utilities (Asking)

3569 NW 10th Ave - 1st Floor Direct

1

Asking Rent: Start Date: Free Rent: Deal Type: Property Type:

Starting Rent: Term: Escalations: On Market: Building Area:

Effective Rent: Exp. Date: TI Allowance: Build-Out: Built/Renov:

Landlord:

Tenant SIC:

Lease Notes:

$12.00-$13.00… Aug 2019 New Lease Industrial Class C

1 Year 2 Mos 7,000 SF

Aug 2020 1967/

Bathroom World Manufacturin…

ID# 166816201

Office Area: Dock/Drive In: /3 Parking Ratio: 1.14/1,000 SF


3,000 SF Industrial Lease Signed Jul 2019 for $12.00 Modified Gross (Asking)

511-545 NE 32nd St - 1st Floor Direct

2




Landlord:

Tenant SIC:

Lease Notes:

$12.00/MG Aug 2019 New Lease Industrial Class C

3 Mos 31,000 SF

1962/

Taylor Creek, LLC

ID# 166759831

Office Area: Dock/Drive In: Parking Ratio: 1.42/1,000 SF

Fort Lauderdale, FL 33311 - Central Broward Ind Submarket

8,279 SF Industrial Lease Signed May 2019 for $11.25 Modified Gross (Effective)

1919 NW 19th St - 1st Floor Direct, Leased by Westway towing

3




Landlord:

Tenant SIC:

Lease Notes:

$11.50/MG Jul 2019 0 Mos New Lease Industrial Class C

$11.25/MG 3 Years 3 Mos 61,724 SF

$11.25/MG Jul 2022 Full Build-Out 1980/1988

Seagis Property Group LP

ID# 165800531

Office Area: Dock/Drive In: 2 ext./2 Parking Ratio: 3.10/1,000 SF

Lease Comparables

Copyrighted report licensed to RE/MAX 5 Star Realty - 995182.Page 1Page 1

P. 19




2,500 SF Industrial Lease Signed May 2019 for $15.00 Modified Gross (Asking)

729-731 NW 1st St - 1st Floor Direct

4




Landlord:

Tenant SIC:

Lease Notes:

$15.00/MG Jun 2019 New Lease Industrial Class C

10 Mos 9,544 SF

1955/

Matthew Marsenison

ID# 165331801



2,250 SF Industrial Lease Signed Mar 2019 for $12.00 Triple Net (Starting)

2926-2928 NW 17th Ter - 1st Floor Direct

5




Landlord:

Tenant SIC:

Lease Notes:

$13.00/NNN Apr 2019 New Lease Industrial Class C

$12.00/NNN 0 Mos 4,500 SF

1992/

H & F Holdings

ID# 164513071



3,776 SF Industrial Lease Signed Mar 2019 for $12.00 Modified Gross (Starting)

809-813 NW 1st St - 1st Floor Direct

6




Landlord:

Tenant SIC:

Lease Notes:

$12.00/MG Mar 2019 0 Mos New Lease Industrial Class C

$12.00/MG 1 Year 3 Mos 10,330 SF

Mar 2020 1968/

Cingra Investments Inc

ID# 164630361

Office Area: Dock/Drive In: /2 Parking Ratio: 1.36/1,000 SF

Lease Comparables


P. 20




2,200 SF Industrial Lease Signed Nov 2018 for $14.00 Triple Net (Starting)

511-545 NE 32nd St - 1st Floor Direct

7




Landlord:

Tenant SIC:

Lease Notes:

Jan 2019 New Lease Industrial Class C

$14.00/NNN 3 Years 3 Mos 31,000 SF

Jan 2022 1962/

The Homestead Centre Inc

ID# 160648291


Fort Lauderdale, FL 33315 - Southeast Broward Ind Submarket

10,000 SF Industrial Lease Signed Nov 2018 for $10.00 Industrial Gross (Asking)

3313-3317 SW 11th Ave - 1st Floor Sublease

8




Landlord:

Tenant SIC:

Lease Notes:

$10.00/IG Nov 2018 New Lease Industrial Class C

5 Mos 15,000 SF

1978/

NAI Kurtz

ID# 159994191

Office Area: Dock/Drive In: 2 ext./1 Parking Ratio:


4,500 SF Industrial Lease Signed Oct 2018 for $12.00 Plus All Utilities (Asking)

814-816 NW 7th Ter - 1st Floor Direct

9




Landlord:

Tenant SIC:

Lease Notes:

$12.00/+UTIL Nov 2018 New Lease Industrial Class C

3 Mos 4,522 SF

1969/

Tim Gula

ID# 159659011


Lease Comparables


P. 21




5,000 SF Industrial Lease Signed Aug 2018 for $13.20 Triple Net (Asking)


10




Landlord:

Tenant SIC:

Lease Notes:

$13.20/NNN Sep 2018 New Lease Industrial Class C

1 Mo 5,000 SF

1953/Feb 2017

Taramac Storage, LLC

ID# 158550081

Office Area: Dock/Drive In: /Yes Parking Ratio: 0.00/1,000 SF


17,000 SF Industrial Lease Signed Aug 2018 for $12.00 Modified Gross (Asking)

933 NW 36th St - 1st Floor Direct, Leased by Living Color Cabinetry

11




Landlord:

Tenant SIC:

Lease Notes:

$12.00/MG Sep 2018 New Lease Industrial Class B

12 Years 2 Mos 18,952 SF

Sep 2030 Partial Build… 1975/

933 NW 36th LLC

ID# 157908031

Office Area: Dock/Drive In: 2 ext./2 Parking Ratio: 3.00/1,000 SF


5,575 SF Industrial Lease Signed Jul 2018 for $13.35 Modified Gross (Asking)

229 SW 31st St - 1st Floor Direct

12




Landlord:

Tenant SIC:

Lease Notes:

$13.35/MG Aug 2018 New Lease Industrial Class C

11 Mos 5,575 SF

Partial Build… 1975/

Yalufe Investment Llc

ID# 157195901


Lease Comparables


P. 22




2,500 SF Industrial Lease Signed Jul 2018 for $15.00 Industrial Gross (Asking)


13




Landlord:

Tenant SIC:

Lease Notes:

$15.00/IG Aug 2018 New Lease Industrial Class C

2 Years 2 Mos 7,000 SF

Jul 2020 1967/

Bathroom World Manufacturin…

ID# 157052151



6,400 SF Industrial Lease Signed Mar 2018 for $11.34 Modified Gross (Effective)

3300-3390 SW 13th Ave - 1st Floor Direct, Leased by JNAS Holdings, LLC

14




Landlord:

Tenant SIC:

Lease Notes:

$11.50/MG Apr 2018 0 Mos New Lease Industrial Class C

$11.34/MG 8 Mos 82,790 SF

$11.34/MG Jun 2023 Full Build-Out 1974/1978

Schaefer Industries

ID# 156639011

Office Area: Dock/Drive In: 1 ext./ Parking Ratio: 1.50/1,000 SF


8,400 SF Industrial Lease Signed Mar 2018 for $14.50 Modified Gross (Asking)

1110 NE 8th Ave - 1st Floor Direct

15




Landlord:

Tenant SIC:

Lease Notes:

$14.50/MG Apr 2018 New Lease Industrial Class B

5 Mos 29,700 SF

1985/

KEI Properties LLC

ID# 152680001

Office Area: 1,000 SF Dock/Drive In: 1 ext./ Parking Ratio: 1.01/1,000 SF

Lease Comparables


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7,950 SF Industrial Lease Signed Feb 2018 for $12.00 Triple Net (Asking)


16




Landlord:

Tenant SIC:

Lease Notes:

$12.00/NNN Mar 2018 New Lease Industrial Class C

1 Mo 7,950 SF

1958/

837 Nw 8th Ave LLC

ID# 143313941



5,000 SF Industrial Lease Signed Jan 2018 for $11.00 Modified Gross (Asking)

1901-2091 NW 29th St - 1st Floor Direct, Leased by Gren Air Filters

17




Landlord:

Tenant SIC:

Lease Notes:

$11.00/MG Jan 2018 New Lease Industrial Class B

2 Mos 50,000 SF

$0.00/SF 1975/

Levy Realty Advisors, Inc.

Blowers And Fans

ID# 136953241

Office Area: 600 SF Dock/Drive In: /4 Parking Ratio: 1.20/1,000 SF

Lease Comparables


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RentsLease Comps Report

Asking Rent Per SF

$12.22Starting Rent Per SF

$11.74Effective Rent Per SF

$11.29Avg. Months Free Rent

0.3DEALS BY ASKING, STARTING AND EFFECTIVE RENT

DEALS BY MONTHS FREE RENTDEALS BY ASKING RENT DISCOUNT

8/1/2019Copyrighted report licensed to RE/MAX 5 Star Realty - 995182.

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MAPS AND AERIALS936 Northwest 1st Street | Fort Lauderdale, FL 33311


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MAPS AND AERIALS936 Northwest 1st Street | Fort Lauderdale, FL 33311


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LOCATION MAP936 Northwest 1st Street | Fort Lauderdale, FL 33311


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FT LAUDERDALE, FLORIDA936 Northwest 1st Street | Fort Lauderdale, FL 33311


Fort Lauderdale,

Florida

Incorporated on March 27, 1911, encompassing approximately 36 square miles with an estimated population of 176,747, Fort Lauderdale is the largest of Broward County's 31 municipalities and one of the ten largest cities in Florida. Embraced by the Atlantic Ocean, New River and a myriad of scenic inland waterways, Fort Lauderdale truly lives up to its designation as the "Venice of America."

Fort Lauderdale also offers an outstanding quality of life, highlighted by a semi-tropical climate, rich natural beauty and array of cultural, entertainment and educational amenities. Blessed with over 3,000 hours of sunshine each year and pleasant year-round ocean breezes, world-famous Fort Lauderdale Beach offers premier opportunities for recreation, relaxation and enjoyment. The picturesque Riverwalk serves as the cornerstone of the City's arts, science, cultural and historic district which features the Broward Center for the Performing Arts, Museum of Discovery and Science, Museum of Art and Old Fort Lauderdale Village and Museum. Las Olas Boulevard has gained international acclaim as Fort Lauderdale's centerpiece of fashion, fine dining and entertainment. In addition, the City's downtown area is home to Broward Community College, Florida Atlantic University, Florida International University, the award-winning Broward County Main Library, federal, county and school district offices.

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An advantageous economic climate is helping the City of Fort Lauderdale establish itself as a world-class international business center and one of the most desirable locations for new, expanding or relocating businesses. Once known strictly as a tourism-based economy, Fort Lauderdale now supports a diverse range of industries, including marine, manufacturing, finance, insurance, real estate, high technology, avionics/aerospace, film and television production. Through the cooperative efforts of residents, businesses and local government, Fort Lauderdale has evolved into a City that offers the best of both worlds - an attractive business environment and an outstanding quality of life. Fort Lauderdale is a great place to live, work and raise a family, and the City looks forward to continuing to build upon its success to meet the challenges of the 21st Century and beyond.

Our Location

The City of Fort Lauderdale is situated on the southeast coast of Florida, in the east-central portion of Broward County, approximately 23 miles north of Miami and 42

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miles south of Palm Beach. The City shares boundaries with nine other municipalities, as well as unincorporated areas of the County. Encompassing approximately 36 square miles, Fort Lauderdale is the eighth largest city in Florida and the largest of Broward County’s 31 municipalities.

Ft Lauderdale International Airport Broward County's Fort Lauderdale-Hollywood International Airport (FLL) and North Perry Airport (NPA), a general aviation airport, form a diverse and dynamic airport system. This airport system serves the needs of 29.2 million passengers and the general aviation community throughout South Florida. FLL is ranked 21st in the U.S. in total passenger traffic and 13th in domestic origin and destination passengers. There are more than 325 departures and 325 arrival flights a day. FLL offers nonstop service to 140 U.S. cities and flights to Canada, Bahamas, Caribbean, Mexico, Latin America, and Europe. FLL averages 640 commercial flights per day on 26 airlines. There are also 100 private flights. Each day an average of 80,000 travelers pass through the four terminals at FLL.

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Port Everglades

Exotic cruise vacations and international trade are what makes Port Everglades an economic powerhouse for Broward County and one of the most diverse seaports in the United States. Located In the heart of Greater Fort Lauderdale and the City of Hollywood, FL, Port Everglades is one of the busiest cruise ports in the world. It is a leading container port in Florida and among the most active cargo ports in the United States. And, Port Everglades is South Florida’s main seaport for receiving petroleum products including, gasoline and jet fuel. A foreign-trade zone and available office space inside the Port's secure area make Port Everglades a highly desirable business center for world trade. The Port Everglades Department is a self-supporting Enterprise Fund of Broward County government. It does not rely on local tax dollars for operations or capital improvements. The total value of economic activity at Port Everglades is more than $28 billion. And, 224,054 Florida jobs are impacted by the Port, including 13,322 people who work for companies that provide direct services to Port Everglades.

Dynamics Encompassing more than 33 square miles with a population of 165,912, Fort Lauderdale is the county seat of Broward County and the largest city among the county’s 31 municipalities. Fort Lauderdale, the seventh largest city in Florida, is centrally located between Miami and Palm Beach. An advantageous economic climate helped the City of Fort Lauderdale establish itself as a world-class international business center and one of the most desirable locations for new, expanding, or relocating businesses.

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Fort Lauderdale also offers an outstanding quality of life, highlighted by a semi-tropical climate, rich natural beauty, and an array of cultural, entertainment, and educational amenities. World-famous Fort Lauderdale Beach offers premier opportunities for recreation, relaxation, and enjoyment. The picturesque Riverwalk serves as the cornerstone of the City’s arts, science, cultural, and historic district, and features the Broward Center for the Performing Arts, Museum of Discovery and Science, Museum of Art, and Old Fort Lauderdale Village and Museum. Las Olas Boulevard has gained international acclaim as Fort Lauderdale’s centerpiece of fashion, fine dining, and entertainment. The City’s downtown area is home to many corporate headquarters, government offices, and educational institutions, including Broward Community College, Florida Atlantic University, and Florida International University. Through the cooperative efforts of residents, businesses and local government, Fort Lauderdale has evolved into a City that offers the best of both worlds: an attractive business environment and an outstanding quality of life. Fort Lauderdale is a great place to live, work, and raise a family, and the City looks forward to continuing to build upon its success to meet the challenges of the 21st Century and beyond. As the City moves forward, it will work hard to continue in partnership with its most important asset – its citizens – to develop the strategies necessary to ensure a safe and secure community; provide quality programs and services; enhance the quality of life; protect the environment; promote smart growth; and, maintain fiscal responsibility.

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SALES COMPARABLES936 Northwest 1st Street | Fort Lauderdale, FL 33311


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fort lauderdale warehouse...it includes a sales center/showroom, parts department, repair shop,...

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