$7,499,000
Oakland Park, FL 33334
MLS# FX-10501504
Status: Closed
1 / 10
Property Description
Rare opportunity to acquire a fully leased, 100% NNN commissary kitchen and entertainment venue offering an 8% cap rate. Commissary kitchens are in high demand and hard to replicate due to high buildout costs and zoning hurdlesespecially in urban areas. Located just east of I-95, the property services Downtown Fort Lauderdale, Oakland Park, and Wilton Manors within a 1520 minute drive.The property is occupied by two experienced tenants, providing stable income and credit strength. With one lease nearing expiration, there's potential for owner occupancy. Features include dock-height loading bays and ample surface parking, ensuring operational efficiency.This turnkey asset combines strong cash flow with long-term flexibility in a high-growth, supply-constrained South Florida market.
Details
Contract Information
Status: Closed
Original List Price: 8000000
Auction: No
Sold Price: $7,000,000
Current Price: $7,000,000
Listing Date: 2025-05-02
General Property Description
Type: Industrial
For Sale: Yes
For Lease: No
Year Built: 1967
Acres: 1.9
Location Tax Legal
Area: 3360
County: Broward
Parcel ID: 494223000104
Street #: 4351
Street Dir: NE
Street Name: 12th
Street Suffix: Terrace
Zip Code: 33334
Legal Desc: 23-49-42 COMM AT NW1/4 COR OF SEC 23,W 50 S 104.78 TO POB,CONT S 255,W 323.80 TO E R/W/L OF FEC R/R,N 255 ALG E R/W/L,E
Geo Lat: 26.180806
Geo Lon: -80.131244
Status Change Info
Under Contract Date: 2025-10-01
Sold Date: 2025-12-18
Sold Price: $7,000,000
Terms of Sale: Cash
Property Features
Listing Office: Native Realty Co.
Last Updated: December - 19 - 2025
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2024 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.