4020-4024 NE 5th Terrace

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4020-4024 NE 5th Terrace

Oakland Park, FL 33334
Asking Price
$2.00M
Asset Type
Industrial
Class
Class B

What's Special

4020-4024 NE 5th Terrace is situated in the heart of Oakland Park’s industrial corridor, a central hub within Broward County. The neighborhood is characterized by a mix of light manufacturing, distribution warehouses, and trade showrooms. The property offers proximity to major retailers and dining options along North Dixie Highway and Oakland Park Boulevard. Transportation access is a primary feature, with convenient entry to Interstate 95 and US-1, facilitating regional logistics and transit to the Fort Lauderdale-Hollywood International Airport. This industrial asset is well-suited for diverse use cases, including last-mile delivery, specialized trade services, and wholesale distribution. The flexible layout supports the operational needs of contractors, automotive specialists, and light assembly firms. Typical tenants include established local businesses and regional providers seeking a central location to service the Fort Lauderdale metropolitan area. The functional design and strategic positioning make it an ideal choice for occupiers requiring efficient commercial space in a high-demand submarket.

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NOI
$80,000
Cap Rate
4.01%
DSCR
0.68
Underwater
Cash-on-Cash
-6.42%
Monthly Payment
$9,870.171
Annual Cash Flow
$-38,442.058

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