280-282 NE 60th St
Miami, FL 33137
Little Haiti
HIGHLIGHTS
- 4-Bay Warehouse Zoned D1
- Existing NOI of $240,000. Existing 4.8% Cap Rate.
- 100% leased on NNN leases
- Developers: Could completely redevelop up to 8-stories, 80,000 buildable SF, by right.
- Value Add Play: Add 2nd or 3rd level to existing industrial improvements for additional income. Up to 10 work/live units possible.
- Opportunity Zone
OVERVIEW
Opportunity to achieve an existing 4.8% cap rate in Miami, FL next to the Magic City Innovation District. All 4 bays now rented producing $240,000/NNN in annual rents. At $5 mm that is a 4.8% cap rate.
Douglas Elliman Real Estate, as exclusive listing agent, is pleased to offer this 4 Bay Miami, FL, D1-Zoned Industrial Warehouse with 18’ ceilings for Sale across from Magic City Innovation District and Opportunity Zone. Building is 7,898 SF. Please see attached OM and e-mail listing agent for current details and rents.
FOR SALE DETAILS
PRICE
$5,000,000 USD
PRICE/SF
$633 USD /SF
CAP RATE
Request Cap Rate
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment Or Owner User
BUILDING DETAILS
PROPERTY NAME
4-Bay Warehouse Redev or Value Add Potential
PROPERTY TYPE
Industrial
PROPERTY SUBTYPE
Warehouse
ADD'L SUBTYPES
Loft/Creative Space, Office/Residential
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1973
UTILITIES
Lighting - Fluorescent, Water - City, Sewer - City
CLEAR CEILING HT
18 Ft
DOCKS
1
DRIVE INS
-
PARKING SPACES
2
LAND DETAILS
LAND ACRES
0.29
LAND SF
12,632
ZONING
D1
APN/PARCEL ID
01-3218-016-0080
ASK ABOUT THIS PROPERTY
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305-582-2424
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305-582-2424
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