18331 NE 1st Ave - Service FOR SALE


Miami, FL 33179
$3,500,000 USD
305-582-2424
18331 NE 1st Ave, Miami, FL for Sale
$3,500,000 USD
Service - FOR SALE
1/8
null | Request Cap Rate

18331 NE 1st Ave
Miami, FL 33179


HIGHLIGHTS

  • $ 1mm in Equity potential with increasing the rents and repositioning the asset
  • Freestanding warehouse (UI-1 – Industrial)
  • Close to I-95 N/S on/off equally between Miami & Ft. Lauderdale airports & sea ports
  • Value add through raising rents to market as leases come due
  • See attached OM, IRR analysis, & rental roster
  • 40 Year Cert done in 2018 | New Roof in 2020 w/ 15 year warranty

OVERVIEW

Value-add & reposition 4-bay Industrial (IU-1) freestanding warehouse offering off 183rd Street | Miami Gardens Drive, Miami, FL. Increase to market rents as leases turn over. Leasing one unit now seeking $4,000/month. Desirable central location in Miami Gardens submarket across from the Publix Distribution Warehouse and just off I-95 north of the Golden Glades Interchange between Miami & Fort Lauderdale Airports & Ports. Within driving distance to Miami Gardens Square Shopping Mall, MasTec Miami Gardens Service Center, Miami Dade County Transit NE Division, & Walmart Super Center. See attached OM or text name and email to Broker for OM.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$325 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Potential value add through rental increases

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Service

ADD'L SUBTYPES

Auto Repair, Manufacturing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1968

UTILITIES

Lighting - Fluorescent, Water - County, Sewer - Septic Field

CLEAR CEILING HT

16 Ft

DOCKS

-

DRIVE INS

6

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.41

LAND SF

17,860

ZONING

IU-1

APN/PARCEL ID

30-2101-008-0050

ASK ABOUT THIS PROPERTY

Brian Carter, MBA, CCIMDouglas EllimanMore Info
305-582-2424

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Brian Carter, MBA, CCIMDouglas EllimanMore Info
305-582-2424

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