Fort Lauderdale Warehouse 825 NW 8th Ave 7,500 SF Industrial Building Fort Lauderdale, FL 33311 $2,796,850 CAD ($372.91 CAD/SF) 5.93% Cap Rate

DWNTWN Realty Advisors is pleased to exclusively present Fort Lauderdale Small Bay Industrial (the "Property"), a 7,500 square foot, three-unit small bay industrial asset located at 825 NW 8th Ave in Fort Lauderdale's Sistrunk District. Built in 1959 of masonry and concrete block construction on a 10,125 square foot lot, the Property comprises three 2,500 square foot units, each featuring a grade-level drive-thru bay with rear access, dedicated office and bathroom buildouts, and on-site surface parking, a functional configuration in consistent demand from automotive, service, contractor, and light distribution users.
Unit C is leased to Jay's Auto Body & Sales, LLC under a newly executed 24-month lease commencing July 1, 2026 at $22.50 PSF MG with 4% annual increases, one two-year renewal option, and a guaranty of lease. Units A and B, totaling 5,000 square feet of identical drive-thru bay product, are vacant and available for immediate lease-up. At a $23.00 PSF market rent on the same structure, the Property produces Year 1 pro forma net operating income of $133,131, a 6.0% yield on the $2,250,000 sale price.
The lease-up thesis is supported by the strongest fundamentals in the submarket's history: limited developable land and sustained demand have held Central Broward industrial vacancy at historic lows while available inventory continues to shrink, and the Sistrunk corridor is an active focus of public and private reinvestment by the City of Fort Lauderdale, minutes from Downtown and within walking distance of Brightline and FAT Village. Adjacent as well is the Flagler Village, with 10,700+ rental units, 5M+ SF of office, and 30+ developments underway or proposed, which continues to deepen the tenant base seeking close-in industrial space. Fort Lauderdale Small Bay Industrial represents a rare opportunity to acquire infill drive-thru bay product, with executed in-place income, a fresh comp validating market rents, and a clear path to a stabilized 6 - 7%+ yield through the lease-up of two bays.