x
Address
308 N Federal Hwy Hallandale, FL
Price
$ 4,500,000
Property Attributes
  • MLS#A10586229
  • TypeCommercial
  • CountyBROWARD
  • CityHallandale
  • Area3040
  • Zip33009
  • Style
  • Year Built1966
  • Taxes36890
  • Price$ 4,500,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage13781
  • Lot Size0.32 Acres
Listing Provided Courtesy Of:
RE/MAX 5 Star Realty
Property Description

This property is Net Leased to GTI as an approved Medical Marijuana Dispensary location. GTI is a publicly traded credit-tenant whose stock has increased over 50,000% YTD. GTI is licensed with the state as an approved grower with agricultural locations in homestead Florida, as well as a licensed storage facility. GTI has signed a new 10-year lease, with two 5-year options to renew. All city and state approvals are issued and approved. The NOI yields an investor a strong 5% capitalization rate. GTI is occupying 73% of the subject property-4,850 sf. The vacant portion of the building (1,644 sf) is ready to lease. This vacant space can be leased for $20 a foot net, which would increase the NOI by $32,880, $257,880 total, increasing the capitalization rate to 5.73%. Call for more information.

Elementary School Middle School High School
Unknown Elementary School Unknown Middle School Unknown High School
Price History
12/14/2018 Listed $4,500,000

General Features

Acreage Description 1/2+ To 3/4 Acre
Approximate Lot Size 13, 781
Area 3040
Improvement Height Com 1 Story
Prop Type Typeof Building Free Standing, Other Type
Property Sq Ft 13781
Property Type Commercial/Industrial
Section 22
Status Active
Subdivision Number 13
Township Range 51
Type of Property Commercial
Year Built 1966

Interior Features

Electric Service 110 Volts Power
Interior Ceiling Height 0.0000

Exterior Features

Door Height Door Ht 10-12'
Flood Zone AE
Lot Sq Footage 13781
Address Internet Display 308 N Federal Hwy
Addresson Internet 1

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Pets
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 33009

Price
AVG $450K
$4.5M
Taxes
AVG $16,153
$36,890
Visits
AVG 19
23
Year Built
AVG 1974
1966
Walkscore
AVG 67
83

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