5299 NE 12th Avenue
Oakland Park, FL 33334
$2,180,000
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… Read More 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. Read Less
Courtesy of Upside Partner, LLC. 305-968-8932
Listing Snapshot
Days Online
8
Last Updated
Property Type
Industrial
Lot Size
0.67 Acres
MLS Number
A12072664
30 Days Snapshot Of 33334
$376k
+13%
(avg) sold price
13
+8%
homes sold
125
+4%
(avg) days on market
Snapshot
Area Map
Additional Details
Lot
0.67 acres
Property
Zoning: B-3
Taxes
Annual amount: $11,997
Tenant Pays
Taxes, Water, Exterior Maintenance, Interior Maintenance, Maintenance, Real Estate Taxes, Trash Collection
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