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4351 NE 12th Terrace, Oakland Park, FL 33334

$7,000,000
Property Type: Comm/Industry Status: Closed
Current Price: $7,000,000 Last Modified: 12/19/2025

Description

Rare opportunity to acquire a fully leased, 100% NNN commissary kitchen and entertainment venue offering an 8% cap rate. Commissary kitchens are in high demand and hard to replicate due to high buildout costs and zoning hurdlesespecially in urban areas. Located just east of I-95, the property services Downtown Fort Lauderdale, Oakland Park, and Wilton Manors within a 1520 minute drive.The property is occupied by two experienced tenants, providing stable income and credit strength. With one lease nearing expiration, there's potential for owner occupancy. Features include dock-height loading bays and ample surface parking, ensuring operational efficiency.This turnkey asset combines strong cash flow with long-term flexibility in a high-growth, supply-constrained South Florida market.

More Information MLS# FX-10501504

Contract Information

Auction: No Status: Closed Original List Price: 8000000 Sold Price: $7,000,000 Current Price: $7,000,000 Listing Date: 2025-05-02

General Property Description

For Sale: Yes For Lease: No Acres: 1.9 Type: Industrial Year Built: 1967

Location, Tax & Legal

Geo Area: FTNE Country: United States State/Province: FL Tax Year: 2024 Zoning: B-3 Area: 3360 County: Broward Parcel ID: 494223000104 Street #: 4351 Street Dir: NE Street Name: 12th Street Suffix: Terrace Zip Code: 33334 Legal Desc: 23-49-42 COMM AT NW1/4 COR OF SEC 23,W 50 S 104.78 TO POB,CONT S 255,W 323.80 TO E R/W/L OF FEC R/R,N 255 ALG E R/W/L,E Geo Lat: 26.180806 Geo Lon: -80.131244

Office/Member Info

DXORIGMLNO: F10501504 DXORIGMLSID: FLL

Status Change Info

Terms of Sale: Cash Under Contract Date: 2025-10-01 Sold Date: 2025-12-18 Sold Price: $7,000,000
Listing Office: Native Realty Co.
Last Updated: December - 19 - 2025
4351 NE 12th Terrace, Oakland Park, FL 33334- MLS# FX-10501504
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