Log In/Sign Up
Your email has been sent.
1233 Old Dixie Highway 1233 Old Dixie Hwy 30,750 SF Industrial Building Lake Park, FL 33403 $7,810,173 CAD ($253.99 CAD/SF) 4.82% Cap Rate
INVESTMENT HIGHLIGHTS
- Rare, small bay industrial complex
- Direct frontage on Old Dixie Highway
- Tremendous upside to increase rents
EXECUTIVE SUMMARY
Property: 30,750 ± sf, 3-building, small-bay industrial complex for sale. The west building fronts Old Dixie Highway and those units are rear loaded with storefront entrances. The middle and east buildings are front loaded and are rented to a variety of small businesses, storage tenants, hobbyists, car collectors, etc. All units have at least one (1) 10’ x 10’ overhead door and share common area bathrooms which are located in each building. The buildings were constructed in 1974 and consist of (CBS) concrete, block and stucco with a concrete and built-up roof system.
Electric: Each building has one house electrical meter. Electric is currently included in rent.
Location: Located in the very active and popular “Northlake Business Park” just east of Interstate 95 at the Northlake Boulevard exit in northern Palm Beach County. Old Dixie Highway is a signalized intersection 1.15 miles east of Interstate 95.
Zoning: (C-4) Business District, Lake Park. This zoning allows a variety of uses including; but not limited to: office/warehouse uses, certain retail uses, personal and automobile storage, hobby shops and independent car dealerships (with parking inside the unit).
See attached marketing brochure for full details.
Electric: Each building has one house electrical meter. Electric is currently included in rent.
Location: Located in the very active and popular “Northlake Business Park” just east of Interstate 95 at the Northlake Boulevard exit in northern Palm Beach County. Old Dixie Highway is a signalized intersection 1.15 miles east of Interstate 95.
Zoning: (C-4) Business District, Lake Park. This zoning allows a variety of uses including; but not limited to: office/warehouse uses, certain retail uses, personal and automobile storage, hobby shops and independent car dealerships (with parking inside the unit).
See attached marketing brochure for full details.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$642,161
|
$20.88
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$642,161
|
$20.88
|
| Taxes |
$132,021
|
$4.29
|
| Operating Expenses |
$133,911
|
$4.35
|
| Total Expenses |
$265,931
|
$8.65
|
| Net Operating Income |
$376,230
|
$12.24
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $642,161 |
| Annual Per SF | $20.88 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $642,161 |
| Annual Per SF | $20.88 |
| Taxes (CAD) | |
|---|---|
| Annual | $132,021 |
| Annual Per SF | $4.29 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $133,911 |
| Annual Per SF | $4.35 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $265,931 |
| Annual Per SF | $8.65 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $376,230 |
| Annual Per SF | $12.24 |
PROPERTY FACTS
AMENITIES
- Signage
- Shallow Bay
- Storage Space
UTILITIES
- Lighting
- Water
- Sewer
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
Units 4/29 and 5/28 combine to create 1,200 SF with 50% office space.
Unit 9 / 24 total 760 SF and has approximately 50% office space.
| Space | Size | Space Use | Condition | Available |
| 1st Fl - 4 / 29 and 5 / 28 | 1,200 SF | Industrial | Partial Build-Out | Now |
| 1st Fl - 9 / 24 | 760 SF | Industrial | Partial Build-Out | Now |
1st Fl - 4 / 29 and 5 / 28
| Size |
| 1,200 SF |
| Space Use |
| Industrial |
| Condition |
| Partial Build-Out |
| Available |
| Now |
1st Fl - 9 / 24
| Size |
| 760 SF |
| Space Use |
| Industrial |
| Condition |
| Partial Build-Out |
| Available |
| Now |
1st Fl - 4 / 29 and 5 / 28
| Size | 1,200 SF |
| Space Use | Industrial |
| Condition | Partial Build-Out |
| Available | Now |
Units 4/29 and 5/28 combine to create 1,200 SF with 50% office space.
1st Fl - 9 / 24
| Size | 760 SF |
| Space Use | Industrial |
| Condition | Partial Build-Out |
| Available | Now |
Unit 9 / 24 total 760 SF and has approximately 50% office space.
1 1
PROPERTY TAXES
| Parcel Number | 36-43-42-20-00-000-3150 | Total Assessment | $4,614,724 CAD |
| Land Assessment | $0 CAD | Annual Taxes | $132,021 CAD ($4.29 CAD/SF) |
| Improvements Assessment | $0 CAD | Tax Year | 2024 Payable 2025 |
PROPERTY TAXES
Parcel Number
36-43-42-20-00-000-3150
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$4,614,724 CAD
Annual Taxes
$132,021 CAD ($4.29 CAD/SF)
Tax Year
2024 Payable 2025
1 of 7
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
1233 Old Dixie Highway | 1233 Old Dixie Hwy
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.