Opportunity to purchase two adjacent warehouses in Fort Lauderdale’s prime industrial pocket. The subject properties are located in the Sistrunk District, a well-positioned area in the burgeoning Progresso neighborhood minutes from Las Olas, Downtown Fort Lauderdale, and Flagler Village.
This industrial pocket central to the city of Fort Lauderdale experiences a high demand from renters and investors. As of Q1 2024, Fort Lauderdale’s industrial rent growth outpaced all other major Southeastern industrial markets over a 3-year span, with an 87% increase.
705 NW 8th Ave is a 9,500 SF warehouse on a 13,500 SF lot. 709 NW 8th Ave is a 5,000 SF warehouse on a 8,531 SF lot.
705 NW 8th Ave, Fort Lauderdale, FL, 33311
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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