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Industrial/Flex Space 3031-3035 NE 12th Ter 9,660 SF 100% Leased Industrial Building Oakland Park, FL 33334 $3,446,249 CAD ($356.75 CAD/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- High Ceilings
- Open Floorplan with No Interior Columns
- Freestanding Warehouse Building
- Natural Light
- Prime East Oakland Park Location
- One Unit Occupied - One Unit Vacant
EXECUTIVE SUMMARY
Apex Capital Realty is proud to exclusively present this exceptional opportunity to purchase 3031-3035 NE 12th Terrace, a 9,660 SF double bay industrial/flex property in Oakland Park, Florida. Featuring two grade-level loading doors at the front and rear of the building, designed for "flow-thru" functionality. The building consists of 2 equally sized unit, which benefit from 16 foot ceiling heights with a Twin-T roof system and an open floor plan with no interior columns.
This freestanding warehouse property sits on a generous 13,011 SF lot, providing comfortable access to the rear of each unit with alleyways on each side. One unit is currently occupied by an expert mechanic tenant specializing in older model European classic cars. That tenant currently pays $19.67/SF gross ($95,000 annually) has a lease expiring in March 2027, providing stable income and then an opportunity to renegotiate their lease, or bring in a market rate tenant.
Could be perfect for an end user / owner user needing to occupy space while collecting solid rental income!
Each unit includes a small front entrance office, and restroom with extra storage room. Ideally located steps away from the busy East Oakland Park Blvd and Dixie Hwy, in the WF - Warehouse Flex (WF) district, which allows a wide variety of potential uses. For more information on permitted uses, please use this link to check Oakland Park’s zoning code for this district. This area is also known as River's Edge, which is just North of Wilton Manors and Middle River, and just South of Oakland Park's CBD - Central Business District and Coral Ridge Country Club. These areas have experience exponential growth in recent years. As local and international developers seek to stake their claim on the South Florida market, dozens of new high rise residential towers and retail projects have reshaped these northeast Broward County neighborhoods.
This freestanding warehouse property sits on a generous 13,011 SF lot, providing comfortable access to the rear of each unit with alleyways on each side. One unit is currently occupied by an expert mechanic tenant specializing in older model European classic cars. That tenant currently pays $19.67/SF gross ($95,000 annually) has a lease expiring in March 2027, providing stable income and then an opportunity to renegotiate their lease, or bring in a market rate tenant.
Could be perfect for an end user / owner user needing to occupy space while collecting solid rental income!
Each unit includes a small front entrance office, and restroom with extra storage room. Ideally located steps away from the busy East Oakland Park Blvd and Dixie Hwy, in the WF - Warehouse Flex (WF) district, which allows a wide variety of potential uses. For more information on permitted uses, please use this link to check Oakland Park’s zoning code for this district. This area is also known as River's Edge, which is just North of Wilton Manors and Middle River, and just South of Oakland Park's CBD - Central Business District and Coral Ridge Country Club. These areas have experience exponential growth in recent years. As local and international developers seek to stake their claim on the South Florida market, dozens of new high rise residential towers and retail projects have reshaped these northeast Broward County neighborhoods.
FINANCIAL SUMMARY (PRO FORMA - 2026) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$297,411
|
$30.79
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$297,411
|
$30.79
|
| Taxes |
$48,247
|
$4.99
|
| Operating Expenses |
$43,278
|
$4.48
|
| Total Expenses |
$91,526
|
$9.47
|
| Net Operating Income |
$205,886
|
$21.31
|
FINANCIAL SUMMARY (PRO FORMA - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $297,411 |
| Annual Per SF | $30.79 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $297,411 |
| Annual Per SF | $30.79 |
| Taxes (CAD) | |
|---|---|
| Annual | $48,247 |
| Annual Per SF | $4.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $43,278 |
| Annual Per SF | $4.48 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $91,526 |
| Annual Per SF | $9.47 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $205,886 |
| Annual Per SF | $21.31 |
PROPERTY FACTS
AMENITIES
- 24 Hour Access
- Fenced Lot
- Signage
- Wheelchair Accessible
- Reception
- Storage Space
- Air Conditioning
- Smoke Detector
1 1
Walk Score®
Very Walkable (89)
PROPERTY TAXES
| Parcel Number | 49-42-26-20-0250 | Total Assessment | $2,300,193 CAD |
| Land Assessment | $215,225 CAD | Annual Taxes | $48,247 CAD ($4.99 CAD/SF) |
| Improvements Assessment | $2,084,967 CAD | Tax Year | 2026 |
PROPERTY TAXES
Parcel Number
49-42-26-20-0250
Land Assessment
$215,225 CAD
Improvements Assessment
$2,084,967 CAD
Total Assessment
$2,300,193 CAD
Annual Taxes
$48,247 CAD ($4.99 CAD/SF)
Tax Year
2026
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Industrial/Flex Space | 3031-3035 NE 12th Ter
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