Fort Lauderdale Flex Hall

Oakland Park, FL (Fort Lauderdale MSA)SVN Commercial Partners, as exclusive agent, is pleased to present for sale Fort Lauderdale Flex Hall ("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. This property presents the opportunity for an owner/ user to occupy the property as Hugh's Catering has confirmed that they would vacate the premises on a sale. This would give the new owner the ability to occupy 19,436 square feet of the building while collecting rent from Farm To Fork who rents 13,000 sf of the building. 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, Fort Lauderdale Flex Hall 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.