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7040 22nd Ct - 6.9% Cap - Stabilized IOS Lot 0.32 Acres of Industrial Land Offered at $1,391,247 CAD in Davie, FL 33317
Investment Highlights
- Attractive going-in cap rate (6.9%) on stabilized income
- Institutional capital is chasing the IOS asset class
- Underlying land value with rare redevelopment optionality on expiring lease
Executive Summary
• 5-year lease with Aqua Gunite, Inc. (executed Dec 2024)
producing $70,452 in Year 2 contractual rent. 3% annual escalators
provide built-in income growth through 2029.
TRUE IOS ASSET IN A TOP-TIER US INDUSTRIAL MARKET
• 0.32-acre industrial outdoor storage yard in Davie’s SW 22nd
Court industrial corridor — minutes from I-595, I-95, FL Turnpike, and
the Fort Lauderdale-Hollywood International Airport.
RARE RAC-RTW ZONING UNLOCKS REDEVELOPMENT
OPTIONALITY
• Davie Regional Activity Center / Research & Technology West
designation permits a far wider range of higher-and-better uses
than typical industrial dirt — research, tech, office, residential,
mixed-use — providing exit optionality at lease expiration.
MODEST LANDLORD BURDEN
• Lease passes through all tax increases over 2024 base year, plus
insurance, maintenance, and sales tax. Landlord obligation: 2024
base RE taxes only ($2,055/year per 2023 actual).
STRONG TAILWINDS IN IOS AS AN ASSET CLASS
• IOS rents have grown 123% since 2020. Institutional capital —
Alterra IOS / Blue Owl ($150M facility, 21 properties), Zenith /
JPMorgan ($1.5B GAV), Blackstone — continues to drive cap rate
compression in primary markets.
Financial Summary (Actual - 2026) |
Annual (CAD) | Annual Per AC (CAD) |
|---|---|---|
| Gross Rental Income |
$99,006
|
$307,472.66
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,006
|
$307,472.66
|
| Taxes |
$2,888
|
$8,968.61
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$2,888
|
$8,968.61
|
| Net Operating Income |
$96,118
|
$298,504.05
|
Financial Summary (Actual - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,006 |
| Annual Per AC | $307,472.66 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,006 |
| Annual Per AC | $307,472.66 |
| Taxes (CAD) | |
|---|---|
| Annual | $2,888 |
| Annual Per AC | $8,968.61 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $2,888 |
| Annual Per AC | $8,968.61 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $96,118 |
| Annual Per AC | $298,504.05 |
Property Facts
1 Lot Available
Lot
| Price | $1,391,247 CAD | Lot Size | 0.32 AC |
| Price Per AC | $4,320,441.66 CAD |
| Price | $1,391,247 CAD |
| Price Per AC | $4,320,441.66 CAD |
| Lot Size | 0.32 AC |
The site is a prime IOS site located in Davie’s t industrial pocket, a light-industrial corridor 3.5 miles south of Florida’s Turnpike,3.5 miles east of I-595, and 6 miles west of I-95.
Description
7040 SW 22nd Court is a 0.32-acre (14,027 SF) industrial outdoor storage (IOS) yard located in Davie's SW 22nd Court industrial corridor within Broward County. The property is 100% leased to Aqua Gunite, Inc., a Florida-licensed commercial pool and general contractor, under a five-year lease commencing December 2024 and expiring December 2029, with 3% annual rent escalations, no renewal options, and a personal guarantee. The lease is structured on a modified gross basis, with the tenant responsible for all increases in real estate taxes over the 2024 base year, all insurance, and maintenance. The site is zoned RAC-RTW, a flexible mixed-use designation that permits research, technology, office, and accessory retail uses in addition to industrial — offering redevelopment optionality beyond a standard light-industrial parcel. The property is centrally located within Broward County's industrial corridor, approximately 3.5 miles from Florida's Turnpike, 3.5 miles from I-595, 6 miles from I-95, 9 miles from Fort Lauderdale-Hollywood International Airport, and 12 miles from Port Everglades. Surrounding uses include warehouses, outdoor storage yards, and equipment contractors, with the 226,699-SF Davie Industrial Center — a speculative IOS/distribution project developed by Industrial Outdoor Ventures — located approximately one mile away.
Property Taxes
| Parcel Number | 50-41-15-09-0100 | Total Assessment | $202,686 CAD |
| Land Assessment | $197,121 CAD | Annual Taxes | $2,888 CAD |
| Improvements Assessment | $5,565 CAD | Tax Year | 2026 |
Property Taxes
Presented by
7040 22nd Ct - 6.9% Cap - Stabilized IOS Lot
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