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Pedro Casanova

| The KREN Group | Keller Williams Premier Properties | PLACE

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5299 NE 12th Ave , Oakland Park, FL 33334
$2,180,000
Est. Payment: $4,844.44/mo
0 Bed
0 Bath
0 Sqft
Status: Active | Days on site: 9
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UPSD01 - 3265390
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from , its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.
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House Description

Upside Partners, LLC is pleased to exclusively present a rare opportunity to acquire a net-leased income property backed by one of the strongest credit profiles in commercial real estate: a Florida municipality rated ‘AA’. The City of Oakland Park has 100% leased the subject site at 5299 NE 12th Avenue under a five-year absolute net lease commenced February 1, 2025, with three (3) two-year renewal options 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 on par with select cities like New York, Miami and Dallas; and (2) the underlying real estate — a 29,175 SF B-3 commercial-industrial parcel in one of South Florida’s most supply-constrained infill industrial corridors, providing meaningful residual value protection should the income stream ever end.
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Highlights

Listed by Andrew Rosenberg , 305-968-8932 Upside Partner, LLC. , 305-968-8932.

Property Type

Commercial Sale
Lot/Acreage
0.67

County

Broward

Area

3440

Listing ID

A12072664

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:0
  • ▪ Bathrooms:0
  • ▪ Full Bathrooms:

Exterior Features

Zoning:B-3
Principal Interest
$4,844
Taxes
$1,000

Home Price

$2,180,000

Loan Details

30 yrs
%

Down Payment

20%
$436,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$4,844.44

Principal

Taxes

Principal Taxes HOA Total
Monthly $4,844.44 $999.75 $0.00 $5,844.19
Yearly $58,133.33 $11,997.00 $0.00 $70,130.33
Total $1,744,000.00 $359,910.00 $0.00 $2,103,910.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Oakland Park, FL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.