1240 NW 74th St - Warehouse FOR SALE


Miami, FL 33147
$7,400,000 USD
305-972-7217
1240 NW 74th St, Miami, FL for Sale
$7,400,000 USD
Warehouse - FOR SALE
1/26
null | Request Cap Rate

1240 NW 74th St
Miami, FL 33147


OVERVIEW

Opportunity to purchase a 30,000 square foot warehouse on a 65,000 square foot lot in West Little River. Little River is an up and coming neighborhood that is starting to see a major boom. The western portion of the neighborhood is relatively untapped, giving an investor or user a strong strategic advantage to pick up a large piece before the area heats up. The warehouse has 18 foot ceilings with 14 foot clear heights and features an expansive open layout with a large outdoor area, featuring two loading ramps, one with dock height accessibility, and a third loading dock in the back of the property. The property has six roll up doors. It also has numerous industrial fans and the main section of the warehouse and office space are under AC. There is parking at the front of the building as well. The building is 100% sprinklered. The property is also located in a Qualified Opportunity Zone. The property is currently occupied by a successful movie, tv, event, and advertisement prop business netting approximately $1.1 million/year. This business is for sale and the real estate can be sold contingent on the business purchaser leasing back the property at a rate favorable to the buyer of the real estate. Please inquire with the brokers for more detail.

FOR SALE DETAILS

PRICE

$7,400,000 USD

PRICE/SF

$251 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

West Little River Warehouse

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1961

UTILITIES

Lighting - Sodium, Water - City, Sewer - City

CLEAR CEILING HT

18 Ft

DOCKS

3

DRIVE INS

1

PARKING SPACES

20

LAND DETAILS

LAND ACRES

1.48

LAND SF

64,469

ZONING

IU-1

APN/PARCEL ID

30-3111-033-0033

ASK ABOUT THIS PROPERTY

Alexandros TsoulfasSTL CommercialMore Info
305-972-7217

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Alexandros TsoulfasSTL CommercialMore Info
305-972-7217

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