11,331 SF Warehouse Oakland Park FL€¦ · Each office is independently owned and operated. Sponsored By: Each office independently owned and operated 11,331 SF Warehouse Oakland

Each office is independently owned and operated.

Sponsored By:

Each office independently owned and operated

11,331 SF Warehouse Oakland Park FL516 NE 34 Ct | Oakland Park, FL 33334

JOHN DEMARCO, ACP, [email protected]

Free-standing industrial property located in Oakland Park FL➢

11,331 square feet of useable space➢

9.61% Pro-Forma Capitalization Rate➢

Perfect for an owner user or investor➢

Excellent investment opportunity in booming industrial market➢

RE/MAX 5 STAR REALTY4151 Hollywood BlvdHollywood, FL 33020(954) 361-0000www.DeMarcoGroup.com

INVESTMENT DETAILS516 NE 34 Ct | Oakland Park, FL 33334

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteedand should be personally verified through personal inspection by and/or with the appropriate professionals.

ANALYSIS

Analysis Date June 2019

PROPERTY

Property 11,331 SF Warehouse Oakland Park

Property Address 516 NE 34 CtOakland Park, FL 33334

Year Built 1960

FINANCIAL INFORMATION

Down Payment $425,000

PURCHASE INFORMATION

Property Type Industrial

Purchase Price $1,650,000

Tenants 1

Total Rentable Sq. Ft. 11,331

LOANS

Type Debt Term Amortization Rate Payment LO Costs

Fixed $1,275,000 25 years 25 years 4.55% $7,123 $19,125

INCOME & EXPENSES

Gross Operating Income $0

Monthly GOI $0

Total Annual Expenses ($23,194)

Monthly Expenses ($1,933)

P. 2

EXECUTIVE SUMMARY516 NE 34 Ct | Oakland Park, FL 33334


ACQUISITION COSTS

Purchase Price, Points and Closing Costs $1,669,125

Investment - Cash $444,125

First Loan $1,275,000

INVESTMENT INFORMATION

Purchase Price $1,650,000

Price per Tenant $1,650,000

Price per Sq. Ft. $145.62

INCOME, EXPENSES & CASH FLOW

Gross Scheduled Income $0

Total Vacancy and Credits $0

Operating Expenses ($23,194)

Net Operating Income ($23,194)

Debt Service ($85,477)

Cash Flow Before Taxes ($108,671)

FINANCIAL INDICATORS

Cash on Cash Return Before Taxes -24.47%

Debt Coverage Ratio -0.27

Capitalization Rate -1.41%

Gross Income / Square Feet $0.00

Gross Expenses / Square Feet ($2.05)

Operating Expense Ratio N/A

P. 3

PROPERTY DESCRIPTION516 NE 34 Ct | Oakland Park, FL 33334


John DeMarco with Re/Max 5 Star Realty is pleased to present the sale of a 11,331 sf warehouse located in OaklandPark Florida. The subject offering includes two parcels, 516 NE 34th CT and 3438 NE 5th Ave. The total leasablesquare footage is 11,331 feet sitting on a large 17,879 square feet lot. The entire property was recently vacated and presents an excellent opportunity for an owner user, or investor.The subject property can be easily leased after closing creating an excellent investment opportunity.

Included in this offering are recent lease comparables confirming the average leasing rates average $14 a squarefoot net. When leased and stabilized this property will net $158,628 per year yielding a strong 9.61% capitalization rate.Property is zoned I1 light industrial. See enclosed all allowable zoning uses. Included in this offering package arerecent closed industrial sales that have sold on an average of $175 a square foot. This property is being offered at only$145 a sf which is well below recent sales.

Please call John DeMarco for additional information and for a complete tour.

P. 4

PROPERTY PHOTOS516 NE 34 Ct | Oakland Park, FL 33334


P. 5

PROPERTY PHOTOS516 NE 34 Ct | Oakland Park, FL 33334


P. 6

PRO FORMA SUMMARY516 NE 34 Ct | Oakland Park, FL 33334


TENANT ANNUAL SCHEDULED INCOME

Tenant Actual Market $0 $158,628

TOTALS $0 $158,628

ANNUALIZED INCOME Description Actual Market

Gross Potential Rent $0 $158,628Less: Vacancy $0 $0Effective Gross Income $0 $158,628Less: Expenses ($23,194) $0Net Operating Income ($23,194) $158,628Debt Service ($85,477) ($85,477)Net Cash Flow after Debt Service ($108,671) $73,151Principal Reduction $28,045 $28,045Total Return ($80,626) $101,196

ANNUALIZED EXPENSES Description Actual Market

Building Insurance $7,000 $0Taxes - Real Estate $16,194 $0Total Expenses $23,194 $0Expenses Per RSF $2.05 $0.00

INVESTMENT SUMMARY

Price: $1,650,000

Year Built: 1960

Tenants: 1

RSF: 11,331

Price/RSF: $145.62

Lot Size: 17,879 sf

Floors: 1

APN: 49422405538

Cap Rate: -1.41%

Market Cap Rate: 9.61%

FINANCING SUMMARY

Loan Amount: $1,275,000

Down Payment: $425,000

Loan Type: Fixed

Interest Rate: 4.55%

Term: 25 years

Monthly Payment: $7,123

DCR: -.27

P. 7

FLOORPLAN516 NE 34 Ct | Oakland Park, FL 33334

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection byand/or with the appropriate professionals.

P. 8

SURVEY516 NE 34 Ct | Oakland Park, FL 33334


P. 9

SURVEY516 NE 34 Ct | Oakland Park, FL 33334


P. 10

SALES COMPARABLES

519 NE 34th Street | Oakland Park, FL 33334


1 13 SW 10th St SOLD

Deerfield Beach, FL 33441 Broward County

Sale Date:

– Research Status:

PrFrma Cap Rate:

Sale Price:$166.67$450,00002/28/2017 Bldg Type:

Zoning:

Year Built/Age:RBA:

-

Parcel No:Financing:

48-42-01-02-2240$315,000 from Seller

Class B IndustrialWarehouseBuilt 1965 Age: 522,700 SF

B3, Deerfield BeachLand Area: 0.14 AC (6,098 SF)

Price/SF:

3868534Comp ID:

2 4701-4737 NE 11th Ave, Unit 4729 - Floranada Bldg B SOLD

Oakland Park, FL 33334 Broward County

Sale Date:


PrFrma Cap Rate:

Sale Price:$170.51$296,000 - Full Value06/01/2016 (82 days on mkt) Condo Type:

Zoning:

Year Built/Age:RBA:

-


--

Full Value

1,736 SF Industrial CondoBuilt 2004 Age: 111,736 SF

B-ILand Area: 0.04 AC (1,742 SF)

Price/SF:

3678632Comp ID:

3 1300 NW 13th St - Keeman Brick Bldg SOLD

Pompano Beach, FL 33069 Broward County

Sale Date:


PrFrma Cap Rate:

Sale Price:$203.92$1,000,000 - Full Value07/20/2018 Bldg Type:

Zoning:

Year Built/Age:RBA:

-


48-42-34-11-0060Down payment of $150,000 (15.0%); $850,000 from Seller

Full Value

Class C IndustrialWarehouseBuilt 1960 Age: 584,904 SF

I-1Land Area: 1.76 AC (76,666 SF)

Price/SF:

4433383Comp ID:Map Page: Trakker 159

Copyrighted report licensed to RE/MAX 5 Star Realty - 995182. 2/1/2019

Page 1

P. 9

SALES COMPARABLES



4 1100 NW 33rd St - Sample 95 Business Park SOLD


Sale Date:


PrFrma Cap Rate:

Sale Price:$166.67$3,000,000 - Confirmed08/29/2018 (376 days on mkt) Bldg Type:

Zoning:

Year Built/Age:RBA:

-


-Down payment of $600,000 (20.0%); $2,400,000 from City National Bank

Confirmed


I-1, Pompano BeachLand Area: 1.30 AC (56,628 SF)

Price/SF:

4506056Comp ID:

Map Page: Trakker 160

5 1055 NW 51st Ct - Wellington Pk Properties SOLD

Fort Lauderdale, FL 33309 Broward County

Sale Date:


PrFrma Cap Rate:

Sale Price:$220.26$1,650,000 - Full Value04/14/2017 Bldg Type:

Zoning:

Year Built/Age:RBA:

-


49-42-16-03-0150$3,116,000 from SunTrust Bank

Full Value

Class C IndustrialServiceBuilt 1985 Age: 327,491 SF

B-3Land Area: 0.32 AC (13,939 SF)

Price/SF:

3888590Comp ID:

Map Page: Trakker 145

6 598 E Atlantic Blvd SOLD


Sale Date:


PrFrma Cap Rate:


Zoning:

Year Built/Age:RBA:

-


49-42-01-00-0200Down payment of $2,800,000 (100.0%)

Confirmed


B-3Land Area: 0.34 AC (14,810 SF)

Price/SF:

4260722Comp ID:


Page 2

P. 10

SALES COMPARABLES



7 623 N Federal Hwy SOLD

Fort Lauderdale, FL 33304 Broward County

Sale Date:


PrFrma Cap Rate:


Zoning:

Year Built/Age:RBA:

-


49-42-34-07-4820Down payment of $300,000 (20.0%); $1,200,000 from Seller

Confirmed

Class C IndustrialServiceBuilt 1950 Age: 658,800 SF

RAC-UVLand Area: 0.20 AC (8,712 SF)

Price/SF:

3439231Comp ID:

8 1101 W McNab Rd SOLD


Sale Date:


PrFrma Cap Rate:

Sale Price:$175.03$499,00010/02/2017 Bldg Type:

Zoning:

Year Built/Age:RBA:

-


49-42-03-06-0020-

Public Record


I-1Land Area: 0.15 AC (6,534 SF)

Price/SF:

4029443Comp ID:


Page 3

P. 11

SALES COMPARABLES



Dollar Volume

Legend:

Current Survey

Sold Transactions7

$9,695,000Number of TransactionsTotal Dollar Volume

52,0124.01

Total Bldg Square FeetTotal Land in Acres

174,676$1,385,000

Total Land in SFAverage Price

7,430$186.40

Average Number of SFAverage Price Per Bldg SF

$175.030.67

Median Price Per SFAverage Number of Acres

29,113-

Average Number of SF(Land)Average Price Per Unit

--

Median Price Per UnitAverage Number of Units

-Actual Cap Rate

SoldTransactions

Time Interval - Quarterly

Report Time Frame: 4/1/2016 - 2/1/2019

Trend Report


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P. 12

SALES COMPARABLES



Trend Report

Sold Transaction Sold Transaction

2Q16 04/1-6/30/16 2Q17 04/1-6/30/17

Number of TransactionsTotal Dollar VolumeTotal Bldg Square FeetTotal Land in AcresTotal Land in SFAverage PriceAverage Number of SFAverage Price Per Bldg SFMedian Price Per SFAverage Number of AcresAverage Number of SF(Land)Average Price Per UnitMedian Price Per UnitAverage Number of UnitsActual Cap Rate

1Q17 01/1-3/31/17 4Q17 10/1-12/31/17

Sold TransactionSold Transaction

1$296,000

1,736--

$296,0001,736

$170.51$170.51

------

1$450,000

2,7000.14

6,098$450,000

2,700$166.67$166.67

0.146,098

----

1$1,650,000

7,4910.32

13,939$1,650,000

7,491$220.26$220.26

0.3213,939

----

1$499,000

2,8510.15

6,534$499,000

2,851$175.03$175.03

0.156,534

----

Sold Transaction

2Q18 04/1-6/30/18

Number of TransactionsTotal Dollar VolumeTotal Bldg Square FeetTotal Land in AcresTotal Land in SFAverage PriceAverage Number of SFAverage Price Per Bldg SFMedian Price Per SFAverage Number of AcresAverage Number of SF(Land)Average Price Per UnitMedian Price Per UnitAverage Number of UnitsActual Cap Rate

3Q18 07/1-9/30/18

Sold Transaction

1$2,800,000

14,3300.34

14,810$2,800,000

14,330$195.39$195.39

0.3414,810

----

2$4,000,000

22,9043.06

133,294$2,000,000

11,452$174.64$185.30

1.5366,647

----


Page 5

P. 13

LEASE COMPARABLES516 NE 34 Ct | Oakland Park, FL 33334


Lease Comps SummaryLease Comps Report

Deals

18Asking Rent Per SF

$14.27Starting Rent Per SF

$14.97Avg. Months On Market

13LEASE COMPARABLES

SUMMARY STATISTICS

Rent Deals Low Average Median High

Asking Rent Per SF

Starting Rent Per SF

Effective Rent Per SF

Asking Rent Discount

TI Allowance

Months Free Rent

17

6

3

5

-

1

$12.00

$13.40

$13.63

-45.8%

-

0

$14.27

$14.97

$14.68

-10.1%

-

0

$14.00

$14.90

$14.80

0.0%

-

0

6.3%

-

0

$16.61

$17.50

$15.52

Lease Attributes Deals Low Average Median High

Months on Market

Deal Size

Lease Deal in Years

Floor Number

18

18

11

18

1

300

12.0

1

13

2,702

30.5

1

3

1,819

24.0

1 1

75

9,000

60.0

2/1/2019Copyrighted report licensed to RE/MAX 5 Star Realty - 995182.

Page 1

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Lease Comps SummaryLease Comps Report

Property Name - Address Rating SF Leased Floor Sign Date Rent Rent Type

Lease

Type

Rents

-1 Bathroom World Mfg Co1,700 1st 1/8/2019 $17.50/+util Starting

3569 NW 10th AveNew

-2 Bldg 1 & 22,200 1st 11/23/2018 $14.00/nnn Starting

511-545 NE 32nd StNew

-3 1050-1090 W Sunrise Blvd9,000 1st 10/3/2018 $14.00/mg AskingNew

-4 Andrews Commercial Ce…1,680 1st 10/1/2018 $13.63/mg Effective

2050 N Andrews AveNew

-4 Andrews Commercial Ce…1,840 1st 9/10/2018 $15.00/ig Starting


-1 Bathroom World Mfg Co1,700 1st 8/20/2018 $15.00/+util Asking

3569 NW 10th AveNew

-1 Bathroom World Mfg Co1,700 1st 8/1/2018 $15.52/ig Effective

3569 NW 10th AveNew

-1 Bathroom World Mfg Co2,500 1st 7/2/2018 $15.00/ig Asking

3569 NW 10th AveNew

-5 Stevens Field Warehouse1,800 1st 5/17/2018 $14.00/mg Asking

3901 NE 5th TerNew

-6 Copans Commerce Depot5,200 1st 4/12/2018 $14.00/nnn Asking

1301 W Copans RdNew

-7 1110 NE 8th Ave8,400 1st 3/8/2018 $14.50/mg AskingNew

-8 Commercial Center1,500 1st 1/10/2018 $14.00/+elec Asking

4910 NE 11th AveNew

-9 29-31 SW 5th St1,734 1st 12/12/2017 $16.61/mg AskingNew

-10 1816 N Dixie Hwy2,256 1st 10/2/2017 $15.50/mg AskingNew

-11 Building #1300 1st 8/29/2017 $14.00/fs Asking

200 SW 14th CtNew

-12 1116 N Flagler Dr3,000 1st 7/2/2017 $14.80/mg EffectiveNew

-13 Building #2300 1st 3/13/2017 $14.00/fs Asking

200 SW 14th CtNew

-4 Andrews Commercial Ce…1,838 1st 4/14/2016 $14.00/ig Asking



Page 2

P. 17



Asking Rent Per SF

$14.27Starting Rent Per SF

$14.97Effective Rent Per SF

$14.68Avg. Months Free Rent

-DEALS BY ASKING, STARTING AND EFFECTIVE RENT

DEALS BY MONTHS FREE RENTDEALS BY ASKING RENT DISCOUNT


Page 22

P. 18

ZONING516 NE 34 Ct | Oakland Park, FL 33334


I-1: Light Industrial District. (A) Purpose . The I-1: Light Industrial District is intended primarily for the manufacture, fabrication and

processing of small articles and nonobjectionable products not involving the use of any materials, processes or machinery likely to cause undesirable effects upon nearby or adjacent residential or business property as determined by the city commission. The district should generally be located near arterial roadways and cater particularly to job-intensive industries which ship goods and products out of the local area. Retail sales, offices, and other commercial uses, other than "heavy" commercial uses, are not permitted, except as being clearly accessory, as provided in the Oakland Park Comprehensive Plan Future Land Use Element. A site plan is required in accordance with article XII.

(B) Uses permitted.

(1) Uses as specified for this district in master business list.

(2) Limitation of permitted uses: No operation shall be allowed which emits such quantities of dust, dirt, noise, smoke, odors, fumes, vibrations, radioactive waves or substances, or abnormal explosion hazards which present a threat to the public health, welfare and safety of the residents of the surrounding area. See also section 24-41(D)(11), Master Business List.

(3) Retail and office uses: Their floor area shall be limited to no more than 20% of the floor area and office uses shall be directly associated with the industrial operation.

(4) Office uses.

(C) Building site area. 100 feet in width and 125 feet in depth except for those lots platted prior to December 29, 1984.

(D) Building site coverage and green space. 20% of the site shall be landscaped or pervious.

(E) Maximum floor area ratio (FAR): 1.5 FAR.

(F) Setbacks and bufferyards. Except for driveways, sidewalks and rear yards, all setbacks shall be landscaped or pervious.

(1) Front:

(a) 25 feet if 300 feet or more in depth, ten (10) feet if less than 300 feet in depth.

(b) 25 feet when a residential district is across the street with the first ten (10) feet landscaped unless the parcel is 300 feet in depth in which case the entire setback shall be landscaped.

(c) Fences and walls: Ten (10) feet; hedges or trees: seven (7) feet.

(2) Side: 15 feet where I-1 District directly abuts a residential district.

(3) Corner:

(a) Ten (10) feet abutting on the side street, alley or waterway.

(b) 25 feet when a residential district is across the street with the first ten (10) feet landscaped.

(c) No fence, wall, hedge, tree, structure or parking space shall be erected or allowed to obstruct vision within 30-foot clear sight triangle at the corner of the property.

(4) Rear: 15 feet where an I-1 District is separated by an alley or waterway from a residential district or where an I-1 District abuts a residential district.

(G) Building height limit. Four (4) stories or 50 feet, whichever is less except that Self Storage Facilities may be constructed according to the building height limit in the B-3 zoning district, Section 24-39(H).

(H) Other regulations. See also articles V (Supplemental Regulations), VI (Parking), VIII (Landscaping) and XI (Signs).

P. 19



Permitted Uses

(A) Purpose. It is the intent of this section to provide, in tabular form, a listing (herein referred to as the "master business list") of the uses that shall be permitted or prohibited in the various business districts.

(B) Key to table.

(1) Where a "P" appears on the same line as a listed use, said use shall be permitted in the district as indicated by the column heading in which the "P" appears.

(2) Where a "C" appears on the same line as a listed use, said use shall be a conditional use in the district as indicated by the column heading in which the "C " appears.

(3) Where an "A" appears on the same line as a listed use, said use shall be permitted as an accessory only to a permitted principal use in the district as indicated by the column heading in which the "A" appears.

(4) Where no letter "P", "C", or "A" appears on the same line as a listed use, said use shall be prohibited in the district as indicated by the column heading, in the same manner.

(5) Where a listed use is not permitted in any of the business districts, an "X" appears in the column headed "prohibited."

(6) Where a listed use is followed by parentheses and the symbol "*," the district where the symbol "*" is found is limited by the restrictions of the parenthesis in the business listing.

(7) Where the letter "P", "C", or "A" is followed by a number or two numbers separated by a comma the listed use shall be subject to the limitations and restrictions set forth in the corresponding supplemental regulations in Section D of this section.

(8) Any use not listed on the master business list, as amended from time to time, shall be considered an "unlisted use." Such applications shall be reviewed and considered according to the conditional use provisions set forth herein.

(9) Any principal or accessory twenty-four (24) hour business shall be reviewed and considered according to the conditional use provisions set forth herein.

Master Business List Key Summary:

P = Permitted Principal Use;

A = Accessory only to a Permitted Principal Use;

C = Conditional Use;

X = Prohibited Use

* = See Restriction in first column in parenthesis;

(number) = Restriction on the use in Section D, Supplemental Regulations.

(C) Master business list. The following is the master business list, indicating the permitted and prohibited uses and those uses subject to the supplemental regulations and definitions of this section. The following uses are principal uses unless otherwise stated. In some cases, a use may be permitted in the district, but would constitute a change of use pursuant to the parking and

P. 20



landscaping sections of this code. There shall be no variances on the uses listed in the Master Business List in this subsection.

Business Listing Prohibited NB B1 B-2 B-3 1-1 PRZD FHOD

Air conditioning and heating equipment—retail P P

Air conditioning & heating equipment—wholesale, storage, repair and service

P P

Alcoholic beverages, sales—off-premises consumption P P P C

Ambulance service C P P

Amusement enterprises: coin or credit-operated games (as accessory use)*

C1* C1* C1* C1* C1*

Animal boarding/kennel P1 P1 P1 P

Animal clinics, pet hospitals P1 P1 P1 P1 C

Animal grooming P1 P1 P1 P1 C

Apartments P2 P2 P2 P2 P2 P2

Armored car service P P

Artists' studios, photography studios P P P P P P P

Assembly of small articles P P

Assembly hall, halls for hire, civic clubs, fraternal, noncommercial, lodge halls, union halls, associations (civic,

professional) C C C C C

Athletic club, health clubs, gymnasiums, personal training, fitness studio—10,000 square feet or less

P P P P P C

Athletic club—over 10,000 square feet C C C C C

Auction houses C P

Auto body & fender repair—all work within building C12 P12

Auto parts, equipment, accessories new, wholesale P P

Auto parts—from used cars C

Auto rental/leasing (office only)* P* C17 P17 P17 C

Auto repair major (no auto body) P12 P12

Auto repair minor (restricted to shopping centers, community or regional over ten (10) acres)* P12* P12 P12 P12 P12*

Auto tag agency P P P C C

Auto tires, new—retail and mounting (restricted to shopping centers, community or regional over ten (10)

acres)* P* P P P

Auto tires, used and mounting A A A

Auto wash and detailing C11 C11 P11 P11 C11

Automobile, RV, boat & trailer storage (no semi-trailer P

P. 21



trucks)

Automobile sales, used C C

Automobile sales, new car and truck (with appurtenant repair shop and used vehicle sales lot) C C P C

Automobile sales, wholesale & retail (within building only) P P

Awning stores P P

Awning—manufacturing and sales P11 P11

Bakery distribution point and production P P P P

Bar C9 C9 C9 C9 C9

Beverage manufacturing, alcoholic and non-alcoholic, without tasting room

P P

Beverage manufacturing, alcoholic and non-alcoholic, with tasting room (tasting room not to exceed 20% of the gross

floor area and use approval required)* C C C P* C C

Billiard rooms—pool rooms C C C C C C

Bingo parlor X

Boat and marine motors sales and service (dry stack)* C* C P P

Boat rental, boat slips P P P P

Bottle clubs X

Bowling alleys P P P P C

Brewpub, (restaurant area cannot exceed 20% of the gross floor area of the establishment)

P P P P* P C

Building supplies, retail (from bldgs. only)* P* P* P* P C*

Building supplies, retail (accessory outside storage, and/or over 40,000 square feet gross floor)

C C C C

Bus terminals P P

Business services P P P P P C

Canning or freezing plant C P

Carpet, rug. or rag cleaning establishment (off-premises)* P* P P

Carting, delivery, express, hauling P

Check cashing A A A A

Commissary C P P

Confectionery manufacture P1 P

Conservatories (art and music), soundproofed for music P P P P P

Contractor's shop and storage (inside storage only)* P* P

Crematory P11 P11

Day labor center C

P. 22



Day nurseries, child care centers, adult day care P P P P C

Dry cleaning or laundry drop-off establishments P3 P3 P3 P P3 C

Dry cleaning, laundry, carpet cleaning, or dyeing facilities P11 P11

Dynamite storage X

Electric vehicle charging station A6 A6 A6 A6 A6 A6 A6

Embalming, taxidermist P

Employment agencies (except day labor) (Also see "Day Labor")

P P P P

Engravers (as accessory to a permitted use)* P* P P P C

Fabricating, light P11 P11

Federal, state and municipal buildings, parks, playgrounds. recreation, and their associated parking lots P P P P P P C

Feed, fertilizer, warehouse, storage and sales P P

Food caterers P P P P P C

Food processing plant P

Fortunetelling X

Frozen food lockers P P

Funeral homes P P P P

Furniture and cabinet manufacturing, repair, and refinishing

P11 P11

Garbage disposal X

Garden supplies P5 P5 P5 P P5

Golf courses (miniature) C C C C

Golf driving range C C C C

Group homes (with 6 or less unrelated residents)* P2* P2* P2* P2 P*

Guns—retail (as accessory use)* P* P P P*

Gun range P1 P1

Head shop C15 C15

Hospitals P P C

Hotels (except hotels in PCC-1 and PCC-2 districts from the conditional use requirement)*

C* C* C* C C

House cleaners/janitorial (office only)" P* P* P P C

Ice plant A A

Import/export (office)* P* P* P P P* C*

Junk dealers X

Kitchen incubator P P P P P C

P. 23



Knife & scissor sharpening (as accessory to permitted)* P* P P P* C

Laboratories, medical, dental, diagnostic, educational P P P P P C

Laboratories, research, development, industrial, scientific P P

Laundries, coin-operated P P P P P

Library P P P P P P

Lighting fixtures distributors, wholesale P P P

Liquor store P16 P16 P16 P16 C

Lumberyards P11 P11

Machine shops P1 P

Machinery sales, storage & repair P1 P

Mail order and internet sales establishment (office only)* P* P P P P* C

Maintenance, building, lawn, pool P P P

Manufacture of: explosives, ammunition, insecticides, fertilizer, dangerous or obnoxious chemicals

X

Manufacturing, light P1 P

Massage establishment X

Massage and health spa, state licensed P P P P C

Medical clinic P P P P P C

Medical marijuana treatment center or dispensing facility C14 C14 C14 C14 C14 C14

Membership discount stores/clubs, 40,000 square feet or less

P P P C

Membership discount stores/clubs greater than 40,000 square feet C C C C

Motorcycle shops (sales, new or used) C P

Motorcycle repair shops, fabrication P P

Motorhome and house trailer sales, new and used P P

Motor truck yards and depot C11 P11

Museum P P P P C

Office P8 P P P P P P

Office equipment/computers (accessory reconditioned preowned equipment sales)*

P* P* P

Oil filling station, drive-thru C C

Outdoor storage yard A A

Pain management clinic (see Chapter 7, section 7-151 of the Code of Ordinances for definition and additional

regulations) C C

Parking lots and garages, commercial P P P P P C

P. 24



Payday loans C16

Pawn shops C16

Personal services P P P P P C

Pest control (office only)* P* P* P P P*

Pet shops C C C C C

Pharmacy C14 C14 C14 C14 C14 C14

Places of worship P P P P C

Plant nursery and sales (wholesale)* P P*

Plant nursery and sales, retail, (with fencing and screening around outdoor sales areas)* P5 P5 P5 P5* C

Plumbing fixtures, retail (CRA only)* P* P P C

Post office P P P P P P

Printing shops, newspapers, microfilming, press, magazines

P1 P

Processing, light P1 P

Propane or liquefied petroleum gas sales and storage (filling station as accessory to permitted use)* P*13 P*13 P*13 P13

Psychic consulting (see Chapter 7 of this Code for additional requirements)

C C C C

Pumps & wells, retail, wholesale P P

Radio, television studios P P P P P C

Recording and practice studios, soundproofed for music P P

Rehabilitation—drug addiction treatment, mental health therapy, and counseling

C C C C

Rehabilitation—physical therapy P P P C

Rent to own P P P

Rental, small articles P P

Rental—commercial trucks and equipment (accessory to permitted retail over 40,000 square feet of gross floor

area)* A* A* P P

Repair shops (small articles)* P*1 P1

Residences P2 P2 P2 P2 P2 P2

Restaurant with dining room or accessory outdoor seating P18 P18 P18 P18 P18 P18

Restaurant,drive-in (minimum distance of 100 feet airline distance from residentially zoned property)

C P P C C

Restaurant, drive-thru (accessory outside seating) P P P P C

Retail sales—stores 40,000 square feet or less of sales area P P P P P P

Retail sales—stores over 40,000 square feet of sales area C C C C C

P. 25



Rock and sand yards X

Roofing, contractors P11

Rugs, carpets, wholesale P P

Schools, driving P P P P P

Schools, collegiate only (public or private) P P P C

Schools, public or private trade, vocational and industrial P P P

Secondhand stores P P

Screen-printing P P

Self-storage facilities C C

Sexually oriented businesses (See also section 24-73) and Chapter 7, Article X P P P p

Business Listing Prohibited NB B1 B-2 B-3 1-1 PRZD FHOD

Shipping and packaging stores, 10,000 square feet or less P P P P P C

Shipping and packaging establishments, greater than 10,000 square feet

P P

Shopping centers, community or regional over ten (10) acres C C C C C

Shopping centers, neighborhood under ten (10) acres P P P P P C

Skating rinks, skateboard parks, water slide, and other outdoor amusements

C C C

Stone yard or monument works P

Swimming pools & water treatment: supplies, chemicals, and accessories (no manufacturing) P P P p

Tattoos & body piercing studio C C C

Taxi service establishment P P

Teen center C C C C

Theater and motion picture houses P P P P C

Tile, builders supplies P P

Towing service (no storage yard)* P* P

Trailers of all kinds, campers, mobile homes, storage & sales

P P

Truck and trailer rental (as accessory to permitted use)* C* P* P P

Transfer companies P P

Truck sales used, commercial P P

Upholstery shop (no vehicles)* A* A* P P

Urban Farm—indoor operation (retail component required onsite)*

P* P* P* P P P* C

P. 26



Urban Farm—Outdoor Operation P P

Utilities, service dispatch P P P

Vehicle fueling station (minor repair) C C C C

Warehouses: storage (except self-storage facilities) P P

Wholesale establishments (unless otherwise stated in this chapter, must be conducted in a completely enclosed

building)* P* P

Wholesale combustible fuel storage X

Wholesale sales and distribution (as accessory to a permitted use)* P* P P

Wholesale warehouse and storage P P

Yacht and boat brokers (office only)* P* P* P P P* C

Yacht and boat repairs P P1

P. 27

MAPS AND AERIALS516 NE 34 Ct | Oakland Park, FL 33334


P. 28

MAPS AND AERIALS516 NE 34 Ct | Oakland Park, FL 33334


P. 29

LOCATION MAP516 NE 34 Ct | Oakland Park, FL 33334


P. 30

DEMOGRAPHICS516 NE 34 Ct | Oakland Park, FL 33334


Population 1 Mile 3 Mile 5 Mile

Male 9,434 (53.45 %) 66,080 (51.87 %) 163,043 (49.82 %)

Female 8,215 (46.55 %) 61,310 (48.13 %) 164,247 (50.18 %)

Total Population 17,649 127,390 327,290

Age Breakdown 1 Mile 3 Mile 5 Mile

Ages 0-4 828 (4.69 %) 5,311 (4.17 %) 15,571 (4.76 %)

Ages 5-9 1,067 (6.05 %) 6,710 (5.27 %) 19,357 (5.91 %)

Ages 10-14 950 (5.38 %) 6,220 (4.88 %) 17,905 (5.91 %)

Ages 15-19 870 (4.93 %) 6,033 (4.74 %) 17,240 (5.27 %)

Ages 20-24 956 (5.42 %) 6,312 (4.95 %) 17,522 (5.35 %)

Ages 25-29 1,064 (6.03 %) 6,587 (5.17 %) 17,798 (5.44 %)

Ages 30-34 1,160 (6.57 %) 6,879 (5.40 %) 18,404 (5.62 %)

Ages 35-39 1,312 (7.43 %) 7,732 (6.07 %) 19,729 (6.03 %)

Ages 40-44 1,474 (8.35 %) 8,981 (7.05 %) 21,871 (6.68 %)

Ages 45-49 1,598 (9.05 %) 10,247 (8.04 %) 24,036 (7.34 %)

Ages 50-54 1,534 (8.69 %) 10,510 (8.25 %) 24,154 (7.38 %)

Ages 55-59 1,361 (7.71 %) 10,076 (7.91 %) 23,100 (7.06 %)

Ages 60-64 1,091 (6.18 %) 8,870 (6.96 %) 20,731 (6.33 %)

Ages 65-69 816 (4.62 %) 7,418 (5.82 %) 17,833 (5.45 %)

Ages 70-74 558 (3.16 %) 5,924 (4.65 %) 14,752 (4.51 %)

Ages 75-79 363 (2.06 %) 4,510 (3.54 %) 11,698 (3.57 %)

Ages 80-84 216 (1.22 %) 3,161 (2.48 %) 8,747 (2.67 %)

Ages 85+ 431 (2.44 %) 5,909 (4.64 %) 16,842 (5.15 %)

P. 31

DEMOGRAPHICS516 NE 34 Ct | Oakland Park, FL 33334


Household Income 1 Mile 3 Mile 5 Mile

Median Income $45,268 $53,002 $46,550

Less than $10,000 660 4,853 12,942

$10,000 -$14,999 309 3,144 8,769

$15,000 - $19,999 506 3,043 8,589

$20,000 -$24,999 598 3,289 9,148

$25,000 - $29,999 476 3,638 9,107

$30,000 - $34,999 530 3,715 8,815

$35,000 - $39,999 728 3,100 7,631

$40,000 - $44,999 506 3,451 7,817

$45,000 - $49,999 355 2,654 6,439

$50,000 - $59,999 628 4,343 10,986

$60,000 - $74,999 761 5,716 14,303

$75,000 - $99,999 661 6,046 14,363

$100,000 - $124,999 335 3,558 7,702

$125,000 - $149,999 146 2,340 4,803

$150,000 - $199,999 231 2,683 5,295

Greater than $200,000 81 2,924 5,936

Housing 1 Mile 3 Mile 5 Mile

Housing Units 9,004 74,762 183,715

Occupied Units 7,850 61,592 147,137

Owner Occupied Units 3,493 34,424 82,503

Renter Occupied Units 4,357 27,168 64,634

Vacant Units 1,154 13,170 36,578

Race Demographics 1 Mile 3 Mile 5 Mile

Population Non Hispanic White 10,682 83,576 172,065

Population Black 4,986 36,890 139,057

Population Am In/Ak Nat 6 13 66

P. 32

COMMERCIAL LOAN FINANCING516 NE 34 Ct | Oakland Park, FL 33334


Commercial

Loan Financing

Loan Programs:1. 5/7/10 Year Fixed ARM'S2. 25 Year or less amortizations3. Fixed Loans4. Low Interest RatesProperty Types but not limited to:Industrial, Mixed use properties, Assisted Living Facilities, Warehouses, Health Care Facilities, Bars and Restaurants, Day care operations, Agricultural, Gas stations, Unanchored retail, Auto dealers.

Call today and see what program you qualify for!

David IannucciLoan Originator

NMLS# 1013040Office: 954.790.116

[email protected]/offices/5-star-professionals-hollywood

1901 Harrison St Suite 101

Hollywood FL 33020

P. 33

Documents

11,331 SF Warehouse Oakland Park FL€¦ · Each office is independently owned and operated. Sponsored By: Each office independently owned and operated 11,331 SF Warehouse Oakland