4351 NE 12th Terrace, Oakland Park, FL 33334
$7,000,000
Property Type:
Comm/Industry
Status:
Closed
Current Price:
$7,000,000
Last Modified:
12/19/2025
Description
Rare opportunity to acquire a fully leased, 100% NNN commissary kitchen and entertainment venue offering an 8% cap rate. Commissary kitchens are in high demand and hard to replicate due to high buildout costs and zoning hurdlesespecially in urban areas. Located just east of I-95, the property services Downtown Fort Lauderdale, Oakland Park, and Wilton Manors within a 1520 minute drive.The property is occupied by two experienced tenants, providing stable income and credit strength. With one lease nearing expiration, there's potential for owner occupancy. Features include dock-height loading bays and ample surface parking, ensuring operational efficiency.This turnkey asset combines strong cash flow with long-term flexibility in a high-growth, supply-constrained South Florida market.
More Information MLS# FX-10501504
Contract Information
Status: Closed
Original List Price: 8000000
Auction: No
Sold Price: $7,000,000
Current Price: $7,000,000
Listing Date: 2025-05-02
General Property Description
Type: Industrial
For Sale: Yes
For Lease: No
Year Built: 1967
Acres: 1.9
Location Tax Legal
Area: 3360
County: Broward
Parcel ID: 494223000104
Street #: 4351
Street Dir: NE
Street Name: 12th
Street Suffix: Terrace
Zip Code: 33334
Legal Desc: 23-49-42 COMM AT NW1/4 COR OF SEC 23,W 50 S 104.78 TO POB,CONT S 255,W 323.80 TO E R/W/L OF FEC R/R,N 255 ALG E R/W/L,E
Geo Lat: 26.180806
Geo Lon: -80.131244
Status Change Info
Under Contract Date: 2025-10-01
Sold Date: 2025-12-18
Sold Price: $7,000,000
Terms of Sale: Cash
Listing Office: Native Realty Co.
Last Updated: December - 19 - 2025
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