Homes for sale in Oakland Park
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Industrial
5299 NE 12th Ave
Oakland Park, FL 33334
$2,180,000
Listing courtesy of Andrew Rosenberg, Upside Partner, LLC.
About this home
Upside Partners, LLC is pleased to exclusively present a rare
opportunity to acquire a net-leased income property backed by one
of the strongest credit profiles in commercial real estate: a Florida
municipality rated ‘AA’. The City of Oakland Park has 100% leased the
subject site at 5299 NE 12th Avenue under a five-year absolute net
lease commenced February 1, 2025, with three (3) two-year renewal
options and contractual 4% annual rent escalations.
The investment thesis is built on two pillars: (1) the City’s AA credit —
stronger than the vast majority of corporate net-lease tenants,
including Walgreens (BBB), CVS (BBB), Dollar General (BBB), and on
par with select cities like New York, Miami and Dallas; and (2) the
underlying real estate — a 29,175 SF B-3 commercial-industrial parcel
in one of South Florida’s most supply-constrained infill industrial
corridors, providing meaningful residual value protection should the
income stream ever end.
opportunity to acquire a net-leased income property backed by one
of the strongest credit profiles in commercial real estate: a Florida
municipality rated ‘AA’. The City of Oakland Park has 100% leased the
subject site at 5299 NE 12th Avenue under a five-year absolute net
lease commenced February 1, 2025, with three (3) two-year renewal
options and contractual 4% annual rent escalations.
The investment thesis is built on two pillars: (1) the City’s AA credit —
stronger than the vast majority of corporate net-lease tenants,
including Walgreens (BBB), CVS (BBB), Dollar General (BBB), and on
par with select cities like New York, Miami and Dallas; and (2) the
underlying real estate — a 29,175 SF B-3 commercial-industrial parcel
in one of South Florida’s most supply-constrained infill industrial
corridors, providing meaningful residual value protection should the
income stream ever end.
Details
Property
- Type
- Industrial
- Lot size
- 29,175 sq ft
- County
- Broward County
- Flood zone
- AE
Community and fees
- Annual taxes
- $11,997
Neighborhood
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The data relating to real estate for sale or lease on this website comes in part from the Internet Data Exchange (IDX) program of MIAMI REALTORS® MLS. Listings are provided by participating brokers.
Information is deemed reliable but is not guaranteed and should be independently verified. It is subject to change and is provided for consumers’ personal, non-commercial use only, to identify properties they may be interested in. Listing last updated August 26, 2026.