5299 NE 12th AVE, Oakland Park, FL 33334
5299 NE 12th AVE, Oakland Park, FL 33334
5299 NE 12th AVE, Oakland Park, FL 33334
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Kathleen Comerford

Kathleen Comerford

+1(561) 419-5525
$2,180,000
Est. payment /mo
0.67 Acres Lot
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UPDATED:

Key Details

Property Type Commercial

Sub Type Industrial

Listing Status Active

Purchase Type For Sale

MLS Listing ID A12072664

HOA Y/N No

Annual Tax Amount $11,997

Lot Size 0.670 Acres

Acres 0.67

Property Sub-Type Industrial

Property Description

Upside Partners, LLC is pleased to exclusively present a rareopportunity to acquire a net-leased income property backed by oneof the strongest credit profiles in commercial real estate: a Floridamunicipality rated ‘AA'. The City of Oakland Park has 100% leased thesubject site at 5299 NE 12th Avenue under a five-year absolute netlease commenced February 1, 2025, with three (3) two-year renewaloptions and contractual 4% annual rent escalations.The investment thesis is built on two pillars: (1) the City's AA credit —stronger than the vast majority of corporate net-lease tenants,including Walgreens (BBB), CVS (BBB), Dollar General (BBB), and onpar with select cities like New York, Miami and Dallas; and (2) theunderlying real estate — a 29,175 SF B-3 commercial-industrial parcelin one of South Florida's most supply-constrained infill industrialcorridors, providing meaningful residual value protection should theincome stream ever end.

Location

State FL

County Broward

Area 3350

Zoning B-3

Interior

Interior Features InteriorFeatures

Fireplace No

Building

Dwelling Type Industrial

Others

Tax ID 494214200100

Virtual Tour https://www.propertypanorama.com/instaview/mia/A12072664

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BeachesMLS, Inc. (FLR) IDX
Listed by Andrew I. Rosenberg Upside Partner, LLC.

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5299 NE 12th AVE

Kathleen Comerford
Kathleen Comerford

Team Leader | Broker Associate | License ID: BK3455404

+1(561) 419-5525 | team@thecomerfordgroupfl.com

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