Hugh's Catering | 4351 NE 12th Ter
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Hugh's Catering 4351 NE 12th Ter
32,436 SF 100% Leased Industrial Building Oakland Park, FL 33334 $13,071,695 CAD ($403 CAD/SF) 6.92% Cap Rate
Investment Highlights
- Visit - https://buildout.com/website/FTLcoldstorage to access full OM (CA required)
- Equipped with Commercial Food Prep Areas, 8 Walk-in Commercial Freezers, and Industrial Hot Kitchen, and State of the Art Entertainment Venue
- Heavy Power, and Both Grade-Level and Dock High Loading w/ +/-1-Acre of Outdoor storage.
- Recent Capital Improvements Include a New Roof (2022) and new Air Conditioning Units.
Executive Summary
Visit - https://buildout.com/website/FTLcoldstorage to access full OM (CA required)
SVN Commercial Partners, as exclusive agent, is pleased to present for sale FTL Cold Storage & Commissary Kitchen ("The Property"), a +/- 32,400 square foot, cold storage, commissary kitchen and banquet hall. The Property is zoned B-3 Commercial-Industrial offering 75 parking spaces and is situated on +/- 1.9 acres of land. The Property features two tenants, Hugh's Catering, a well known, premier full-service caterer, off-site event creator and private venue host and Farm to Fork, a meal delivery service, Both tenants have NNN leases, providing an investor a management-free income stream.
Conveniently located just minutes north of the Culinary Arts District in downtown Oakland Park, Florida (part of the Fort Lauderdale MSA), the Property resides in a vibrant submarket that is experiencing significant development. The area is home to some of the trendiest restaurants, boutiques, coffee shops, and breweries in South Florida. With historically low vacancies currently at 2.3%, this submarket offers excellent potential for investors.
The Property is equipped with commercial food preparation areas, 8 walk-in commercial freezers, and industrial hot kitchen, and office space and includes state-of-the-art entertainment venues in a prime South Florida location. The Property is an ideal choice for companies and individuals looking to host a private catered event. Online food delivery platforms like Uber Eats, Grub Hub, and Door Dash have exploded in popularity and commissary kitchens, like the Hugh's Catering, are in very high demand as a result. The Property features an irreplaceable location that offers elite connectivity to the greater Fort Lauderdale area with nearly 135,000 people that live and over 120,000 people that work within a 3- mile radius of the Property,
FTL Cold Storage & Commissary Kitchen offers heavy power, both grade-level and dock high loading as well as +/- 1-acre of outside storage. Ready built commissary/ghost kitchens are extremely rare, while conversion and buildouts costs for this use are costly, making the Property a truly unique investment opportunity.
SVN Commercial Partners, as exclusive agent, is pleased to present for sale FTL Cold Storage & Commissary Kitchen ("The Property"), a +/- 32,400 square foot, cold storage, commissary kitchen and banquet hall. The Property is zoned B-3 Commercial-Industrial offering 75 parking spaces and is situated on +/- 1.9 acres of land. The Property features two tenants, Hugh's Catering, a well known, premier full-service caterer, off-site event creator and private venue host and Farm to Fork, a meal delivery service, Both tenants have NNN leases, providing an investor a management-free income stream.
Conveniently located just minutes north of the Culinary Arts District in downtown Oakland Park, Florida (part of the Fort Lauderdale MSA), the Property resides in a vibrant submarket that is experiencing significant development. The area is home to some of the trendiest restaurants, boutiques, coffee shops, and breweries in South Florida. With historically low vacancies currently at 2.3%, this submarket offers excellent potential for investors.
The Property is equipped with commercial food preparation areas, 8 walk-in commercial freezers, and industrial hot kitchen, and office space and includes state-of-the-art entertainment venues in a prime South Florida location. The Property is an ideal choice for companies and individuals looking to host a private catered event. Online food delivery platforms like Uber Eats, Grub Hub, and Door Dash have exploded in popularity and commissary kitchens, like the Hugh's Catering, are in very high demand as a result. The Property features an irreplaceable location that offers elite connectivity to the greater Fort Lauderdale area with nearly 135,000 people that live and over 120,000 people that work within a 3- mile radius of the Property,
FTL Cold Storage & Commissary Kitchen offers heavy power, both grade-level and dock high loading as well as +/- 1-acre of outside storage. Ready built commissary/ghost kitchens are extremely rare, while conversion and buildouts costs for this use are costly, making the Property a truly unique investment opportunity.
Property Facts
| Price | $13,071,695 CAD | Lot Size | 1.90 AC |
| Price Per SF | $403 CAD | Rentable Building Area | 32,436 SF |
| Sale Type | Investment NNN | No. Stories | 1 |
| Cap Rate | 6.92% | Year Built | 1960 |
| Sale Conditions | 1031 Exchange | Parking Ratio | 2.99/1,000 SF |
| Property Type | Industrial | Clear Ceiling Height | 15 ft |
| Property Subtype | Warehouse | No. Dock-High Doors/Loading | 5 |
| Building Class | B | No. Drive In / Grade-Level Doors | 3 |
| Price | $13,071,695 CAD |
| Price Per SF | $403 CAD |
| Sale Type | Investment NNN |
| Cap Rate | 6.92% |
| Sale Conditions | 1031 Exchange |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 1.90 AC |
| Rentable Building Area | 32,436 SF |
| No. Stories | 1 |
| Year Built | 1960 |
| Parking Ratio | 2.99/1,000 SF |
| Clear Ceiling Height | 15 ft |
| No. Dock-High Doors/Loading | 5 |
| No. Drive In / Grade-Level Doors | 3 |
Amenities
- 24 Hour Access
- Conferencing Facility
- Fenced Lot
- Floor Drains
- Freezer (Space)
- Security System
- Yard
- Storage Space
- Air Conditioning
Utilities
- Lighting
- Gas
- Water
- Sewer
- Heating
Walk Score ®
Very Walkable (75)
PROPERTY TAXES
| Parcel Number | 49-42-23-00-0104 | Improvements Assessment | $8,550,311 CAD |
| Land Assessment | $1,426,122 CAD | Total Assessment | $9,976,433 CAD |
PROPERTY TAXES
Parcel Number
49-42-23-00-0104
Land Assessment
$1,426,122 CAD
Improvements Assessment
$8,550,311 CAD
Total Assessment
$9,976,433 CAD
zoning
| Zoning Code | B-3, Oakland Park (B-3 Zoning) |
| B-3, Oakland Park (B-3 Zoning) |
1 of 64
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Hugh's Catering | 4351 NE 12th Ter
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.