(954) 232.8494

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821-841 NW 57TH PLACE, FT. LAUDERDALE 33309 (23,777 SF. DOCK-HIGH WAREHOUSE)-SOLD

BONVIE REALTY & DEVELOPMENT is proud to announce the recent sale of 821-841 NW 57th Place in Ft. Lauderdale for $4,800,000.00. BONVIE REALTY & DEVELOPMENT represented both the Buyer & Seller on the transaction. Rare industrial dock-high warehouse consists of 23,777 rentable sf. & is located on a 1.02-acre site across the street from Ft. Lauderdale Executive Airport. The warehouse consists of 3-bays which are 100% leased with NNN rents. Situated in one of the nation’s most affluent & desirable submarkets. Property benefits from strong local demand and has an excellent market position. Although occupancy is stabilized, the Offering provides clear upside with current in-place rents that are about approximately 25% below prevailing submarket levels. All three leases are NNN, with an in-place net operating income of $344,244.00.  New investors to see immediate upside through upgrading the property and increasing the rents as the tenants turn over in 2026-2027. Excellent opportunity for new owner to raise rents in the future while maintaining the property’s value alternative appeal. Each tenant has designated outside storage & two loading docks that comes with each unit. All easy approaches to the location from all major roadways. Building to immediately be fully renovated. Contact Rick Bonvie at: (954) 232-8494 for more opportunities like this.

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