Properties
For Sale

3685 - 3698 Northwest 15th Street

Lauderhill, FL 33311

Please reach out for Pricing

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.

As provided by the listing broker.

Property facts

Price
Please reach out for Pricing
Property type
Industrial
Building size
53,298 SF
Lot size
130,680 SF (3.00 acres)
Year built
1987
Stories
1
Buildings
2
Neighborhood
Central Broward

About this property

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.

From the listing broker.

Location

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