Stunning warehouse that can easily yield over a 7%+ cap. Currently ~75% rented with the remaining 25% owner occupied. Ideal for user-investor hybrid or outright investor. Dock height doors, high ceilings (18-22), and fully air-conditioned.
Renovated in end of 2019, this warehouse is located in the Hialeah Industrial submarket on a major thoroughfare. The 2 contiguous warehouses are available for sale separately or together.
Warehouse #1 (21,516 sqft) ~11,000 of the 21,516 is leased to an e-scooter company on a month-to month lease. The remaining space will be leased by the current owner for 1.5 years or can be delivered vacant.
Warehouse #2 (21,700 sqft) is leased to a lingerie company with a 3 year + 3 year option.
Pro Forma NOI: $422,370
Pro Forma Cap Rate: 7.42%