This Property is no longer advertised on Showcase.com.
Off Market
1/14

3500 NW 71st St
Miami, FL 33147


HIGHLIGHTS

  • Renovated in 2019
  • Fully Air-conditioned warehouse
  • 18-22' clear ceilings
  • Corner lot & Gated Parking
  • CSX Rail Access

OVERVIEW

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%

FOR SALE DETAILS

PRICE

-

CAP RATE

-

% LEASED

-

TENANCY

-

BUILDING DETAILS

PROPERTY NAME

Premium Air-Conditioned Warehouse

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Distribution, Showroom

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

UTILITIES

Water, Sewer

CLEAR CEILING HT

22 Ft

DOCKS

3

DRIVE INS

1

PARKING SPACES

30

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

30-3116-010-0010