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Sunrise Autobody & Collision4675 NW 103rd AveSunrise , Fl 33178
Asking Price: $2,600,000
Carlos A. Ruiz Investment [email protected]
2950 SW 27th Ave #100Miami, Fl 33133rcpfl.com
PROPERTY HIGHLIGHTS
9,375 SF RBA includes 1,575 SF, 17% office buildout. Lot size is87,096, 2 Acres of Land.
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1991 Year Built. The property has been optimally designed and usedas an autobody repair and collision center. It currently has 2operational spray booths, and one mixing station.
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3 Phase heavy power with amperage ranging in between 225 to 400Amps.
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1820 foot clear height. Bar and Joist Metal Roof●
40 designated parking spaces, 4.3 parking space/1,000 SF.●
Land to Building Ratio 9.29. 12 cross dock loading positions.●
City of Sunrise has is no longer issuing certificates of occupancy forthis type of use. The subject property allows for a body shop operatorto seamless transition and operate in this building.
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PROPERTY DESCRIPTIONSunrise Autobody & Collision 4675 NW 103rd Ave | Sunrise , Fl 33178
Carlos A. Ruiz Investment [email protected]
General Improvements Description:Property Type: Industrial Gross Building Area SF: 9,375Total Rentable Area SF: 9,375Rentable Area Source: Broward County Public Records / Physical MeasurementsGeneral Property Class: BLand SF: 87,096Land to Building Ratio: 9.29 Parking Type: Street LevelCondition of Parking: Good Number of Parking Spaces: 40Parking Ratio: 4.27/1,000 SF Year Built: 1991Building Type: IndustrialBuilding Description: Paint and Body, Collision Stories: 1% of Office Buildout: 17%Ceiling Height: 1820 ft Condition: Good Appeal and Appearance: Good Building Construction: Metal Frame / Metal Siding Roof Type: Metal / Bar & Joist Electrical: 3 Phase 255 Amps to 400 Amps Street Level Loading Doors: 12
Page 2
PROPERTY PHOTOSSunrise Autobody & Collision 4675 NW 103rd Ave | Sunrise , Fl 33178 Page 3
PROPERTY PHOTOSSunrise Autobody & Collision 4675 NW 103rd Ave | Sunrise , Fl 33178 Page 4
PROPERTY PHOTOSSunrise Autobody & Collision 4675 NW 103rd Ave | Sunrise , Fl 33178 Page 5
RECENT SALE COMPARABLESSunrise Autobody & Collision 4675 NW 103rd Ave | Sunrise , Fl 33178
Carlos A. Ruiz Investment [email protected]
S
Sunrise Autobody & Collision 4675 NW 103rd Ave , Sunrise , Fl 33178
Sale Price $2,500,000
Spaces 1
Rentable SqFt 9,375
Price/SqFt $266.67
Lot Size 87,096
Year Built 1991
1
2895 W. Prospect Road , Tamarac, Fl 33309
Sale Price $1,275,000
Spaces 1
Rentable SqFt 10,126
Price/SqFt $125.91
Lot Size 16,022
Year Built 1980
Sale Date 3/9/2018
DaysOnMarket 210
NotesCBS walls with metal siding and metal roof. The property was marketed with having 50% office buildout, 5,040 SF. Itwas purchased and occupied by Turbine Standard, aircraft engine service and repair, who improved the facility.
2
5239/5249/5259 N. Hiatus Road5239 N. Hiatus Road , Sunrise , Fl 33351
Sale Price $2,850,000
Spaces 3
Rentable SqFt 22,481
Price/SqFt $126.77
Lot Size 21,489
Year Built 2000
Sale Date 6/15/2018
NotesThis property has 3 ramps and 3 dock height loading positions. It is unknown as to the electrical system. Property isoccupied by POS software, servicer, and distributor.
Page 6
RECENT SALE COMPARABLESSunrise Autobody & Collision 4675 NW 103rd Ave | Sunrise , Fl 33178
Carlos A. Ruiz Investment [email protected]
3
2275 SW 66th Ter , Davie, Fl 33317
Sale Price $1,750,000
Spaces 1
Rentable SqFt 9,236
Price/SqFt $189.48
Acres 1.020
Year Built 1996
Sale Date 10/23/2018
Notes14 ft clear height. Off Market Transaction. Was not listed.
4
122 NE 32nd St , Oakland Park Blvd, Fl 33334
Sale Price $1,300,000
Rentable SqFt 10,430
Price/SqFt $124.64
Lot Size 14,977
Year Built 1978
Sale Date 5/16/2019
Notes6 Unit building. MultiTenanted Street Level. Days on Market is unknown.
5
747 Shotgun Road , Sunrise , Fl 33326
Sale Price $1,000,000
Spaces 1
Rentable SqFt 6,075
Price/SqFt $164.61
Acres 0.140
Year Built 1991
Sale Date 4/12/2018
NotesCondo Unit.
Page 7
RECENT SALE COMPARABLESSunrise Autobody & Collision 4675 NW 103rd Ave | Sunrise , Fl 33178
Carlos A. Ruiz Investment [email protected]
S 4675 NW 103rd AveSunrise , Fl, 33178$2,500,000
1 2895 W. Prospect RoadTamarac, Fl, 33309$1,275,000
2 5239 N. Hiatus Road Sunrise , Fl, 33351$2,850,000
3 2275 SW 66th TerDavie, Fl, 33317$1,750,000
4 122 NE 32nd StOakland Park Blvd, Fl, 33334$1,300,000
5 747 Shotgun Road Sunrise , Fl, 33326$1,000,000
Page 8
Comp No. Subject 1 2 3 4 5
Property Name
Address 4675 NW
103rd Ave
2895 W.
Prospect Road
5239/5249/5259
N. Hiatus Road
2275 SW 66th
Ter
122 NE 32nd
St
747 Shotgun
Road
City Sunrise, Fl. Tamarac, Fl. Sunrise, Fl. Davie, Fl. Oakland Park
Fl.
Sunrise, Fl.
Date of Sale --- 03/09/18 06/15/18 10/23/18 05/16/19 04/12/18
Sale Price --- $1,275,000 $2,850,000 $1,750,000 $1,300,000 $1,000,000
Size GBA 9,375 10,126 22,481 9,236 10,430 6,075
Land Area (Acre) 2.00 0.37 0.49 1.02 0.34 0.14
Land to Bldg Ratio 9.29 1.58 0.96 4.80 1.44 2.50
SP/SF (GBA) --- $125.91 $126.77 $189.48 $124.64 $164.61
Miles to Subject Property ---
Financing --- 80% 75% 0%
Days on Market 210 N/A N/A
Floors 1 2 1 1 1 1
Parking Spaces /1,000 SF 4.27 1.00 1.00 3.11 1.00 1.30
Office Buildout 17% 50% 10% 10% 10% 10%
Year Built 1991 1960 2000 1996 1978 1991
Property Rights 0.00% 0.00% 0.00% 0.00% 0.00%
Financing Terms 0.00% 0.00% 0.00% 0.00% 0.00%
Conditions of Sale 0.00% 0.00% 0.00% 0.00% 0.00%
Months Elapsed 16.57 13.30 8.97 2.13 15.43
Time (5% Yrly Appreciation) 6.90% 5.54% 3.74% 0.89% 6.43%
Adj Price/GBA $134.61 $133.80 $196.55 $125.75 $175.19
Size 0.00% 5.00% 0.00% 0.00% 0.00%
Use 0.00% 0.00% 0.00% 0.00% 0.00%
Location 10.00% 0.00% 10.00% 10.00% 0.00%
LB Ratio @19/SF 116.34% 124.91% 45.01% 119.73% 78.38%
% Office Build-out @ 25/SF -6.59% 1.34% 0.90% 1.36% 1.03%
Construction Materials 0.00% -30.00% -30.00% -30.00% -30.00%
Total Net Adjustments $161.19 $135.47 $50.93 $127.12 $86.56
Net Percent Adjustment 119.75% 101.25% 25.91% 101.09% 49.41%
Total Adjusted Price/GBA $295.80 $269.27 $247.48 $252.87 $261.76
SUMMARY OF IMPROVED SALES WITH ADJUSTMENTS
QUANTITATIVE ADJUSTMENTS
Sale No. PSF/GBA Net Adjustment Adj. PSF/GBA
Subject ---- ---- ----
Sale 1 $125.91 $169.88 $295.80
Sale 2 $126.77 $142.50 $269.27
Sale 3 $189.48 $58.01 $247.48
Sale 4 $124.64 $128.23 $252.87
Sale 5 $164.61 $97.15 $261.76
Minimum Average Maximum
$247.48 $265.44 $295.80
Premise Estimated PSF/GBA Gross Bldg Area Value
As Is $277.00 9,375 $2,600,000
STATISTICAL ANALYSIS
MARKET VALUE ESTIMATE
IMPROVED SALES ANALYSIS
ADJUSTED PRICE/GBA ANALYSIS