Multi-Tenant Small-Bay Industrial For Sale
Lauderhill Commerce Park
For sale3685 - 3698 Northwest 15th Street, Lauderhill, FL 33311
Property Type
Industrial
Uncovered Spaces
100
Building Size
53,298 SF
Stories
1
Number of Buildings
2
Lot Size
3 Acres
APN
494231240070
No. of Tenants
8
Clear Height
18'
Dock-High Doors
16
Drive-In Doors
16
Submarket
Central Broward
County
Broward
WALT
2.2 Yrs
Property description
Berger Commercial Realty, as exclusive advisor, is pleased to present the opportunity to acquire Lauderhill Commerce Center (the "Property"), a ±53,298 SF, two-building small-bay industrial asset located at 3685 NW 15th Street and 3698 NW 16th Street in central Broward County, currently ±77.9% leased across 11 suites. Built in 1987 and zoned IL – Light Industrial, the Property features 18-foot clear heights, cross-dock and grade-level loading with 16 dock-high and 16 drive-in doors, a shared 100-foot truck court, 100 parking spaces, 1,200-amp, 120/240-volt electrical service, and approximately 20% office finish. In-place NNN income is paired with immediate lease-up upside on ±11,800 SF of vacancy. The Property sits within Lauderhill's new Commercial Arts & Entertainment District — where the City has invested over $4M in 38th Avenue streetscape improvements — 1.8 miles from Florida's Turnpike and 3.8 miles from I-95. Any commission due to the Buyer’s broker shall be paid solely by the Buyer.
Property highlights
- ±11,800 SF vacant across three suites (22.1%) available now at $19.00 PSF NNN.
- Eight tenants on NNN leases with 4.0% annual escalations, ±2.2-year WALT and in- place rents of ±$18.81 PSF.
- Eleven suites averaging ±4,800 SF serve the most undersupplied segment of the Broward market; no new small-bay product is under construction.
- The City has invested over $4M in 38th Avenue infrastructure and streetscape improvements within the new Commercial Arts & Entertainment District.
- Florida’s Turnpike ±1.8 miles (6 min) and I-95 ±3.8 miles (8 min), with FLL, Port Everglades and downtown Fort Lauderdale within 11–18 minutes.
- A $164M, 60-acre film and TV studio campus and a proposed 650,000 SF Prologis industrial park are each less than a mile from the Property.