Marcus & Millichap are proud to present for sale Allapattah Central, located at 1395 & 1390 NW 22nd St, Miami, FL 33142, a rare industrial cold storage facility in the heart of one of Miami’s most dynamic and rapidly growing commercial hubs. The property spans 14,801 square feet on a combined lot size of 0.56 acres, comprising of two noncontiguous lots—1395 NW 22nd St (0.4 acres) and 1390 NW 22nd St (0.16 acres). The property can be delivered vacant or with an existing month-to-month tenant paying $6,000 per month. Built with reinforced concrete, the facility boasts high ceilings, multiple dock-high and grade-level doors, and three-phase power, ensuring smooth operations for temperature-controlled storage and logistics businesses. Additionally, the property features two dock-height doors; however, one has been modified into a ramp to accommodate the existing tenant's needs. Strategically positioned in the Miami 21 D2 Industrial District, the property enjoys easy access to major transportation corridors, including I-95 and SR-836, facilitating the seamless distribution of goods throughout the region. Its proximity to major transportation arteries and distribution channels enhances operational efficiency for businesses reliant on timely logistics. The Miami industrial market continues to demonstrate exceptional resilience and growth, making it one of the most attractive investment landscapes in the country. Despite a rise in new supply, Miami-Dade remains a premier destination for industrial investments, with demand consistently outpacing availability. The surge in investment activity, reaching $1.7 billion in sales volume in 2024, reflects sustained confidence in the region’s industrial sector. Rental rates have seen remarkable growth, with an 80.3% increase over the past three years. Miami’s position as a global logistics and distribution hub ensures that industrial properties—particularly specialized assets like cold storage—maintain strong occupancy rates and generate high returns. The neighborhood's eclectic mix of warehouses, residential units, and commercial establishments creates a unique industrial ecosystem. Adjacent to Allapattah lies Wynwood, where businesses operating in this facility can leverage Wynwood’s growth, increasing property values and fostering business synergy. Wynwood’s dynamic atmosphere attracts a diverse clientele and workforce, fostering innovation and collaboration. Cold storage facilities within the area remain scarce. The development of Point 27th, a state-of-the-art cold storage facility, underscores the high demand and limited supply in this sector. This scarcity positions existing facilities as invaluable assets, offering a competitive edge to businesses requiring temperature controlled environments. For owner-users, this facility provides an unparalleled opportunity to establish operations in a prime location with built-in demand for cold storage solutions. The existing infrastructure minimizes initial capital expenditure, allowing for immediate operational commencement. Investors stand to benefit from the facility's strategic positioning within a tight market. The combination of increasing rental prices and the scarcity of cold storage spaces ensures strong occupancy levels and favorable lease terms. Additionally, the ongoing development in Allapattah and its surroundings promises sustained appreciation of property values.