List Search

7040 22nd Ct
Davie, FL 33317 Outer Weston/Davie

$990,000 USD

Land For Sale  •  0.32 AC

Property Details

  • Property Type Land
  • Lot Size 0.32 AC
  • Zoning RAC-RTW
30 Transit Score
50 Walk Score

Description

7040 SW 22nd Court is a 0.32-acre (14,027 SF) industrial outdoor storage (IOS) yard located in Davie's SW 22nd Court industrial corridor within Broward County. The property is 100% leased to Aqua Gunite, Inc., a Florida-licensed commercial pool and general contractor, under a five-year lease commencing December 2024 and expiring December 2029, with 3% annual rent escalations, no renewal options, and a personal guarantee. The lease is structured on a modified gross basis, with the tenant responsible for all increases in real estate taxes over the 2024 base year, all insurance, and maintenance.

The site is zoned RAC-RTW, a flexible mixed-use designation that permits research, technology, office, and accessory retail uses in addition to industrial — offering redevelopment optionality beyond a standard light-industrial parcel. The property is centrally located within Broward County's industrial corridor, approximately 3.5 miles from Florida's Turnpike, 3.5 miles from I-595, 6 miles from I-95, 9 miles from Fort Lauderdale-Hollywood International Airport, and 12 miles from Port Everglades. Surrounding uses include warehouses, outdoor storage yards, and equipment contractors, with the 226,699-SF Davie Industrial Center — a speculative IOS/distribution project developed by Industrial Outdoor Ventures — located approximately one mile away.

Highlights

Attractive going-in cap rate (6.9%) on stabilized income
Underlying land value with rare redevelopment optionality on expiring lease
Institutional capital is chasing the IOS asset class

Property Flyers

Financial Summary (Actual)

Net Operating Income: $68,397 USD (2026)
Total Expenses: $2,055 USD

Public Transportation

Commuter RailDriveWalkDistance
14 min - 6.9 mi
Fort Lauderdale (Tri-County Commuter - South Florida Regional Transportation Authority (Tri-Rail)) 17 min - 8.3 mi
AirportDriveWalkDistance
Fort Lauderdale/Hollywood International 15 min - 6.8 mi
Miami International 47 min - 32.9 mi
Andrew Rosenberg 305-897-0939 Upside Partners
Andrew Rosenberg 305-897-0939 Upside Partners