5299 NE 12th Ave, Oakland Park FL 33334
Industrial in Oakland Park
$2,180,000
Listing courtesy of Upside Partner, LLC.; Andrew Rosenberg. Information from the Southeast Florida Multiple Listing Service is deemed reliable but is not guaranteed accurate.
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Industrial, Commercial Sale
Details
Overview
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.
This industrial home located at 5299 NE 12th Ave, Oakland Park FL 33334 is currently for sale and it is a new listing on Brickellsold listed today. This property is listed at $2M. It has N/A beds, N/A bathrooms, and is N/A square feet. 5299 NE 12th Ave, Oakland Park FL 33334 is in Oakland Park county Broward County.
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