Hollywood, Florida, is a prime location for investing in warehouses, with its strategic position in the Miami metropolitan area and a population of around 150,000. Warehouses in Hollywood offer a unique opportunity for investors to diversify their portfolios, as they can represent a range of investments, from industrial properties to commercial real estate. With its rich history, dating back to the 1920s, Hollywood has evolved into a planned community with man-made lakes, beaches, and infrastructure, making it an attractive destination for businesses and individuals alike. The city's economy is driven by industries such as aerospace, electronics manufacturing, and tourism, which creates a high demand for warehouse spaces. Additionally, Hollywood's proximity to Fort Lauderdale-Hollywood International Airport, Broward County Transit bus routes, and Tri-Rail stations at Sheridan Street and Hollywood, makes it an ideal location for logistics and distribution. With amenities like Hollywood Memorial Hospital, Topeekeegee Yugnee Park, and the Art and Culture Center of Hollywood, this city offers a unique blend of business and leisure opportunities.
With 20 warehouses for sale in Hollywood, investors have a wide range of options to choose from. These warehouses offer an average price per square foot of $496 USD and an average size of 13,471 square feet, with the largest warehouse spanning 65,434 square feet. The average cap rate for warehouses in Hollywood is 5.58%. In addition to warehouses, Hollywood also offers industrial properties, land, residential income homes, and commercial real estate, each with its unique characteristics and investment opportunities. For instance, industrial properties in Hollywood are ideal for manufacturing and distribution, while land offers opportunities for development and growth. Residential income homes provide a steady stream of income, and commercial real estate offers a range of investment options, from office spaces to retail stores. With its diverse economy, infrastructure, and amenities, Hollywood is an attractive destination for investors looking to diversify their portfolios.
What are the key features investors look for in warehouses in Hollywood?
When searching for warehouses in Hollywood, investors typically look for key features that ensure a strong return on investment, including:
- Location proximity to major transportation hubs, such as Fort Lauderdale-Hollywood International Airport and Tri-Rail stations, to facilitate easy logistics and distribution.
- Average cap rate of 5.58%, which indicates a promising potential for rental income and property appreciation.
- Warehouse sizes ranging from 13,471 square feet to 65,434 square feet, catering to various business needs and operations.
What size warehouses are available to buy in Hollywood?
Warehouses for sale in Hollywood, Florida, range in size from 13,471 square feet to 65,434 square feet, with an average price per square foot of $496 USD and an average cap rate of 5.58%, offering a variety of options for businesses and investors looking to purchase a warehouse in this city.
How much does it cost to buy a warehouse in Hollywood?
When it comes to buying a warehouse in Hollywood, the cost can vary greatly depending on factors such as size, location, and condition, but on average, you can expect to pay around $496 USD per square foot, with the average warehouse size being around 13,471 square feet, and the largest available warehouse being around 65,434 square feet, with a total of 20 available listings to choose from.
