5955 NE 2nd Ave - Industrial FOR SALE


Miami, FL 33137- Little Haiti
$5,756,215 USD
954-805-7078
5955 NE 2nd Ave, Miami, FL for Sale
$5,756,215 USD
Industrial - FOR SALE
1/8
null | 6.92% Cap Rate

5955 NE 2nd Ave
Miami, FL 33137
Little Haiti


HIGHLIGHTS

  • Two independent commercial kitchen suites
  • Private grease trap, meters, and trash room
  • 28 Ft. hood (8 Ft. heat hood and 20 Ft. grease hood)
  • Walk-in cooler/freezer + reach-in units
  • Future proof layout design
  • Minutes from Design District, Wynwood, Little River & I-95

OVERVIEW

5955–5957 NE 2nd Avenue is a fully stabilized commercial kitchen property positioned along the rapidly improving NE 2nd Avenue corridor between the Design District and Little River. The asset delivers reliable income, long-term tenancy, and minimal operational oversight—an attractive profile for investors seeking durable cash flow in Miami’s core infill market. The ±5,000 SF building was fully renovated in 2024 and consists of two independent kitchen suites, each built for high-volume food production and delivery operations. Every suite is equipped with a 28-foot hood system, three walk-in coolers, a dedicated grease trap, independent utility meters, and commercial-grade infrastructure, allowing each tenant to operate autonomously. The property is 100% leased on long-term NNN leases to two established operators: FOOD DUDES, Toronto-based and active in Miami since 2021, expanded into the property to increase production capacity and support its growing catering and food-service business. The group signed a 10-year lease and invested $150,000+ in additional equipment to service major clients in South Florida. CHEF BITES, backed by New York–based Terence Partners, operates a proprietary multi-brand ordering platform with integrated logistics and automated kitchen systems. The company invested $500,000+ in equipment and has consistently exceeded performance expectations. Under the NNN structure, tenants maintain all major systems—including HVAC, hood, fire suppression, and grease management—through required service agreements. The leases also include a management fee, providing additional revenue potential for self-managing owners. As part of the 2024 renovation, the property received a new roof, updated plumbing and electrical, new HVAC, impact glass, skylights, upgraded interiors, and a full security system. With impact fees paid and no deferred maintenance, the asset requires no near-term capital outlay. Located minutes from major residential districts and key distribution routes, 5955–5957 NE 2nd Avenue is strategically positioned to benefit from sustained demand for production and delivery kitchens in Miami. The combination of upgraded infrastructure, strong lease economics, long-term tenancy, and limited management responsibility creates a stable and straightforward income-producing opportunity for investors.

FOR SALE DETAILS

PRICE

$5,756,215 USD

PRICE/SF

$1,163 USD /SF

CAP RATE

6.92%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Commercial Kitchens

PROPERTY TYPE

Industrial

ADD'L SUBTYPES

Food Processing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1958

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.18

LAND SF

7,841

ZONING

T5-O

APN/PARCEL ID

01-3218-016-0020

ASK ABOUT THIS PROPERTY

Mateo RomeroGridline PropertiesMore Info
954-805-7078

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Mateo RomeroGridline PropertiesMore Info
954-805-7078

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.