537 - 549 NE 34th Street
537 - 549 NE 34th Street
537 - 549 NE 34th Street
537 - 549 NE 34th Street
537 - 549 NE 34th Street
537 - 549 NE 34th Street
537 - 549 NE 34th Street
537 - 549 NE 34th Street
537-549 NE 34TH ST
Self-Storage/Micro-Bay
City:Oakland
Land area:11,002 SF
Property Status:
For Sale
Property Summary
Folio #:
494223055510
Unit Count:
20 Units (300 SF each)
Number of Current Tenants:
10
Vacancies:
3 Units (300 SF each)
Zoning:
I-1 Light Industrial
Description
537 - 549 NE 34 STREET is a self-storage/micro-bay industrial property featuring Twenty 300 SF units and two common area restrooms located on the north-end of the property. Most units are leased by local businesses, tradesmen, or used for self-storage.
Bay’s 11-13 totaling 600 SF leased for $30 PSF (modified gross). Bay 19 (300 SF) and Bay 20 (300 SF) leased for $31.65 PSF and $31.95 PSF respectively. These deals were in the Top range of Comparable Lease Rates for small self-storage/micro-bay industrial properties within Oakland Park. With 4,267 SF of the 5,467 SF building remaining under market rate, the property has proven upside to slowly re-tenant and bring rents up to $29-32 PSF.
The seller is also open to market-rate offers for the adjacent raw land, 551 NE 34 ST (Folio 494223055500), which is currently zoned residential (R-2). A preliminary review by a local land-use attorney suggests promising potential for a change of use (to I-1).
Bay’s 11-13 totaling 600 SF leased for $30 PSF (modified gross). Bay 19 (300 SF) and Bay 20 (300 SF) leased for $31.65 PSF and $31.95 PSF respectively. These deals were in the Top range of Comparable Lease Rates for small self-storage/micro-bay industrial properties within Oakland Park. With 4,267 SF of the 5,467 SF building remaining under market rate, the property has proven upside to slowly re-tenant and bring rents up to $29-32 PSF.
The seller is also open to market-rate offers for the adjacent raw land, 551 NE 34 ST (Folio 494223055500), which is currently zoned residential (R-2). A preliminary review by a local land-use attorney suggests promising potential for a change of use (to I-1).
Lot & Building Size Breakdown:
Building Size:
5,467 SF
Lot Size:
11,002 SF
Details
Property size: 5,467 SF
Property Status:
For Sale
Property Type: Industrial
Land Area: 11,002 SF
Year Built: 1967
Address
City: Oakland
State/country: Florida
Documents
Property Brochure 
Listing Agents
537-549 NE 34TH ST
Self-Storage/Micro-Bay
City:Oakland Park
Land area:11,002 SF
Property Status: For Sale
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