297 NE 67th St - Warehouse FOR SALE


Miami, FL 33138- Little River
$12,900,000 USD
786-756-6680
297 NE 67th St, Miami, FL for Sale
$12,900,000 USD
Warehouse - FOR SALE
1/17
null | 5.64% Cap Rate

297 NE 67th St
Miami, FL 33138
Little River


HIGHLIGHTS

  • Acquire a Class A creative core plus NNN flex industrial investment with an impressive tenant roster in one of the country's trendiest neighborhoods.
  • Its ideal end-cap block-to-block positioning with a central Little River address enhances tenants' visibility and establishes prominence in the area.
  • Solid remaining weighted average lease term presents stability and the potential for future rent growth through renewals or space reconfiguration.
  • Little River offers exceptional value compared to high-profile areas such as Wynwood and Midtown, making it an attractive destination for innovators.
  • Brightline expansion will improve accessibility between Miami, Fort Lauderdale, and other Florida cities, supporting Little River's growth.

OVERVIEW

297 NE 67th Street is a Class A creative flex industrial property and core-plus NNN investment located in Little River, one of Miami's most rapidly growing neighborhoods. The asset features an impressive tenant roster, including the headquarters for Betr, a leading sports betting platform, and Locust Projects, a renowned local nonprofit art space. With a solid remaining weighted average lease term, this property offers stability and potential for future rent growth through lease renewals or reconfiguring spaces into smaller units, capitalizing on the under-market rents in this dynamic area. Little River has been recognized as one of the Top 10 coolest neighborhoods in the country by the New York Post, among other publications. This vibrant district has become a hub for arts, culture, and creative industries, offering exceptional value compared to high-profile areas like Wynwood, Midtown, and the Miami Design District. As a local creative business district, Little River attracts innovative tenants and provides an ideal environment for businesses seeking growth and community in Miami. Notable nearby businesses and amenities include The Citadel, a 30,000-square-foot food hall with office space, and Ironside, a mixed-use building featuring restaurants, offices, and retailers. Additionally, Magic City is a 170,000-square-foot development expanding to include residential units and over 2 million square feet of office and retail space. The proximity to the new Brightline expansion enhances accessibility between Miami, Fort Lauderdale, and other key Florida cities, supporting Little River's growth and attracting more creative spaces, restaurants, and retailers.

FOR SALE DETAILS

PRICE

$12,900,000 USD

PRICE/SF

$389 USD /SF

CAP RATE

5.64%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Campus at Little River

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Showroom, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1952

UTILITIES

Water, Sewer

CLEAR CEILING HT

-

DOCKS

1

DRIVE INS

2

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.93

LAND SF

40,511

ZONING

5 // D2

APN/PARCEL ID

01-3218-020-0180

ASK ABOUT THIS PROPERTY

Devlin MarinoffDWNTWN Realty AdvisorsMore Info
786-756-6680

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Devlin MarinoffDWNTWN Realty AdvisorsMore Info
786-756-6680

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