Commercial Real Estate

Presentation for:

Office Building

647 NW 22nd Road

Ft. Lauderdale, FL 33311

PROPERTY OVERVIEWIncredible opportunity to own your own custom built, free standing office building for the same cost as rent.Custom built in 2003 by builder/owner. Building contains a reception area, 3 separate office suites, bathroomand garage.

This building is perfect for neighborhood professional such as law offices, accounting, insurance, home healthservices or similar professional functions.

Offered at $165,000

PROPERTY HIGHLIGHTS

• Prime Owner/User Opportunity

• Custom built in 2003

• Free Standing Office Building

• Quality Finishes

• Approximately 800 Square Feet

• Fully Fenced

• Reception Area, 3 Offices, Bathroom and Garage

• Impeccably Maintained

• Can be owned cheaper than renting

OFFERED BYOFFERED BY

Jerry Copelan, Broker AssociateKeyes Commercial Real Estate

Tel: 954-998-3298

Email: jerrycopelan@keyes.com

PROPERTY SUMMARY

Sale Price: $165,000

Lot Size: 4,003 SF

Building Size: 796 SF

Building Class: B

Ceiling Height: 9.0 FT

Year Built: 2003

Zoning: CB

Cross Streets: W. Sistrunk (W. 6th Ave.)

Executive Summary

Property DescriptionPROPERTY DESCRIPTION

A truly unique property. Incredible opportunity to own your own free standing office building cheaper thanrent. Custom built in 2003 by the builder/owner for himself. Building contains a reception area, 3 separateoffice suites, bathroom and garage. Excellent for neighborhood professional use such as architect,accountant, attorney or tax preparer.

Buy with 30% down payment and payments are less than rent

LOCATION DESCRIPTION

From downtown, Sistrunk Blvd. west , under the I-95 and immediately turn north on 22nd Road.

SITE DESCRIPTION

Parcel size is 4,000 square feet.

ZONING

CB - Community Business

CONSTRUCTION

Custom Built

PROPERTY NAME: NW 22nd Rd. Office Building

PROPERTY ADDRESS: 647 NW 22nd Road

Fort Lauderdale, FL 33311

PROPERTY TYPE: Office Building

APN: 5042 05 01 0570

LOT SIZE: 4,003 SF

BUILDING CLASS: B

ZONING: CB

PARKING SPACES: 4

PARKING RATIO: 3+/1,000

PARCEL FRONTAGE: 40 Feet

CROSS STREETS: Sistrunk (W. 6th Ave.)

YEAR BUILT: 2003

CONSTRUCTION TYPE: Concrete Block

NUMBER OF STORIES: 1

FOUNDATION: Slab

WALLS: Block & Stucco Exterior / Sheetrock Interior

NUMBER OF UNITS: 1

ROOF: Tile

Property Details

PROPERTY HIGHLIGHTS

Incredible opportunity to own your own free standing office building cheaper than rent. Custom built in 2003.Building contains a reception area, 3 separate office suites, bathroom and garage. Excellent for neighborhoodprofessional function.

Builder/owner offices with quality construction and upgraded finishes. A really nice building that your investor, orowner/user will be proud of.

INVESTMENT HIGHLIGHTS

An incredible opportunity to own one of the cleanest buildings around at a great price. This building is great for asmall investor or perfect for an owner/user.

Investment AnalysisBase Rent (NNN) $14.00 SF = $11,200 YR$11,200 NOI / $165,000 = 6.7% Cap

Owner User Analysis30% Down payment - 70% LTV Financing4.5% - 25 Year Amortization = $639 MOProperty Tax (New) $250 MO + Insurance = $100 MOTotal P+I+T+I = $989 Month

Complete Highlights

Additional Photos

647 NW 22nd Road

Regional Map

Location Maps

Aerial Map

* Demographic data derived from 2010 US Census

1 Mile 3 Miles 5 Miles

Total Population 17,992 164,468 367,964

Population Density 5,727 5,817 4,685

Median Age 30.8 36.0 38.0

Median Age (Male) 29.2 35.6 37.0

Median Age (Female) 32.4 35.7 38.5

Total Households 5,878 61,196 145,338

# of Persons Per HH 3.1 2.7 2.5

Average HH Income $38,778 $56,476 $63,516

Average House Value $292,097 $263,950 $316,212

Demographics Map