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| Price $2,975,000 | Built/Renov 2022 | Tenant Fortiline Waterworks |
| Cap Rate 6.00% | Lease Type
NN+ | Guarantor Corporate |
| Size/SF
10,137
| Lease Start
01-11-2023
| #Units
53
|
| Price/SF $293.48 | Expiration
02-28-2038
| Tenant Type Industrial |
| NOI $178,500 | R. Term 13.2 | Ownership Fee Simple |
| Rent/SF
$17.61
| Increases 2.0%/1/yrs | Pop 5Mi 71,471 |
| Lot/AC 4.38 | Options 2/5yrs/1% | AHHI 5Mi $63,944 |
| | |
Fortiline Waterworks is strategically located on SW 13th Street, adjacent to I-75, which traverses six different states and spans the length of the Florida Peninsula from the Miami area up the Gulf Coast through Tampa. It is also located near College Park Elementary and Pointe Grand Ocala Apartment Homes. In the vicinity, notable national tenants include Old Navy, Home Depot, Dick's Sporting...
...New construction
Oversized lot
Strategically located
Freeway close
Major MSA
Income tax free state
Long 10+ yr lease
Favorable NN+ lease
Annual rent increases
Corporate Guarantee
Fortiline Waterworks is the second largest wholesale distributor of underground water, sewer and storm utility products in the United States. Fortiline Waterworks distributes more than 75,000 SKUs...
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 4,276 | 29,432 | 73,763 |
| 2023 Total Population : | 3,786 | 28,595 | 69,173 |
| 2023 Employed Civilian Pop : | 1,735 | 11,236 | 28,463 |
| 2023 Total Businesses : | 406 | 2,963 | 5,659 |
| 2023 Average Household Income : | $ 63,238 | $ 70,158 | $ 83,199 |
| 2023 Total Consumer Spending : | $ 86 M | $ 697 M | $ 2062 M |
| 2023 Median Age : | 34 | 39 | 44 |
| 2023 Total Households : | 1,556 | 11,316 | 28,347 |
| 2023 Pop Age 25+: Bachelor's Degree : | 356 | 3,455 | 9,548 |
| 2023 Average Home Value : | $ 202,486 | $ 235,678 | $ 289,692 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| SW 37th Ave | SW 7th St | 2008 | 1,700 | 0.28 mi |
| Southwest 33rd Avenue | SW 8th St | 2022 | 4,500 | 0.33 mi |
| Southwest 33rd Avenue | SW 7th St | 2019 | 5,000 | 0.33 mi |
| SW 38th Ave | Private Dr | 2008 | 3,900 | 0.35 mi |
| SW 20th St | SW 35th Ave | 2008 | 11,600 | 0.44 mi |
| Southwest 38th Avenue | SW 28th Pl | 2022 | 5,800 | 0.49 mi |
| Southwest 38th Avenue | SW 20th St | 2021 | 5,800 | 0.49 mi |
| W Broadway St | 2022 | 90,000 | 0.50 mi | |
| SW 20th St | Villas W | 2005 | 14,500 | 0.69 mi |
| I- 75 | 2022 | 6,500 | 0.73 mi |
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Size/SF 29,397
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
