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.