7250 NW 41st St - Warehouse FOR SALE


Miami, FL 33166
$5,950,000 USD
305-323-9787
7250 NW 41st St, Miami, FL for Sale
$5,950,000 USD
Warehouse - FOR SALE
1/7
null | Request Cap Rate

7250 NW 41st St
Miami, FL 33166


HIGHLIGHTS

  • Heavy Power
  • IU-2 Heavy Manufacturing Zoning
  • 30 Marked Parking Spaces
  • 16' Clear Height
  • Street-Level Overhead Door
  • Less Than 1 Mile to Miami International Airport

OVERVIEW

Apex Capital Realty is bringing 7250 NW 41st Street to market, a multi-tenant, small-bay industrial asset in Miami’s Airport West submarket. Deals like this don’t sit long. The property is 51% leased to two established automotive-service tenants, Lito Tires and Cuma Cars, occupying Bays A and B (9,740 SF combined) on month-to-month leases generating roughly $250,000 in current annual gross rent. For an investor, the remaining 9,438 SF (Bays C-E) is vacant and ready for lease-up. At a conservative $20.00 PSF NNN, the property stabilizes at a proforma NOI of ±$427,000, a 7.2% return on the $5,950,000 ask ($310/PSF), with small-bay industrial inventory in this submarket nearly impossible to find. For an owner-occupier, the play is just as strong, move your business into the vacant bays while Lito Tires and Cuma Cars’ ~$250,000 in in-place rent offsets most, if not all, of your carrying costs: debt service, taxes, insurance, and maintenance. With 30 on-site parking spaces and flexible IU-2 zoning, this is a rare shot at owning and occupying industrial real estate in one of Miami’s tightest infill corridors.

FOR SALE DETAILS

PRICE

$5,950,000 USD

PRICE/SF

$310 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

INDUSTRIAL WAREHOUSE INVESTMENT/OWNER USER

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1965

UTILITIES

Lighting - Fluorescent, Water - County, Sewer - County

CLEAR CEILING HT

16 Ft

DOCKS

-

DRIVE INS

3

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.67

LAND SF

29,228

ZONING

IU-2

APN/PARCEL ID

30-3026-007-0230

ASK ABOUT THIS PROPERTY

Carl GormanApex Capital Realty LLCMore Info
305-323-9787

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Carl GormanApex Capital Realty LLCMore Info
305-323-9787

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