Property Details
| Asking Price | $2,180,000 |
|---|---|
| Price per SqFt | — |
| Maintenance fee | Inquire |
| Property Taxes | $11,997 |
| Interior Space | — |
| Beds/Baths | —/— |
| MLS # | A12072664 |
Estimated Costs
An estimate of condo or HOA fees and property taxes
Monthly carry is not computed when the association fee or the taxes are not provided.
From the listing
Upside Partners, LLC is pleased to exclusively present a rareopportunity to acquire a net-leased income property backed by oneof the strongest credit profiles in commercial real estate: a Floridamunicipality rated ‘AA’. The City of Oakland Park has 100% leased thesubject site at 5299 NE 12th Avenue under a five-year absolute netlease commenced February 1, 2025, with three (3) two-year renewaloptions and contractual 4% annual rent escalations.The investment thesis is built on two pillars: (1) the City’s AA credit —stronger than the vast majority of corporate net-lease tenants,including Walgreens (BBB), CVS (BBB), Dollar General (BBB), and onpar with select cities like New York, Miami and Dallas; and (2) theunderlying real estate — a 29,175 SF B-3 commercial-industrial parcelin one of South Florida’s most supply-constrained infill industrialcorridors, providing meaningful residual value protection should theincome stream ever end.
Listed by Upside Partner, LLC.
Sales History for This Home · 5299 NE 12th Avenue, Oakland Park, FL 33334
Sales history is unavailable for this property
Listed by Upside Partner, LLC.. Mark Zilbert of ONE Sotheby's International Realty is a cooperating (transaction) broker and helps buyers find properties in Oakland Park and throughout South Florida.
Ask Mark About This Listing
Questions, showings, offers. This goes straight to Mark Zilbert.
A question about the website itself, such as something broken, the Terms, or your account? Use the site-help form
This goes to the site team at [email protected], not into the real-estate pipeline.
Location
The curated data and calculated data for this property and its surrounding condo units and homes is based solely on data we have extracted from the MLS. There may be unpublished, private, quit claim and other property offerings and transfers that do not appear here, which may affect how a buyer or seller perceives property values. Always conduct proper due diligence when considering buying or selling property.