887 E Okeechobee Rd - Manufacturing FOR SALE


Hialeah, FL 33010
$5,900,000 USD
786-378-1850
887 E Okeechobee Rd, Hialeah, FL for Sale
$5,900,000 USD
Manufacturing - FOR SALE
1/27
null | Request Cap Rate

887 E Okeechobee Rd
Hialeah, FL 33010


HIGHLIGHTS

  • Business and Real Estate Sale!
  • Gross profit margins have consistently remained above 25%!
  • Substantial inventory of boating gear, parts, and accessories to meet customer demand.
  • Experienced Management Team!
  • Prime Real Estate Location!
  • Marine Express has a number of compelling growth opportunities that can be leveraged to further enhance its value.

OVERVIEW

Marine Express, founded in 1998, a profitable retail business specializing in boating gear, parts, and accessories. Located in Hialeah, Florida, Marine Express is an authorized dealer for major brands such as Mercury, Volvo Penta, OMC Cobra, and Evinrude Johnson BRP along with providing components from all other major brands. The business boasts a loyal customer base and consistent financial growth, between 2017 to 2023 revenues have increased 37%, alongside gross profit margins consistently over 25%. EBITDA has also shown robust growth, showcasing the business’s profitability and potential. Offered at $3,400,000.00, Marine Express is positioned to continue dominating South Florida's market and can be leveraged to further enhance its value. In addition to the business, the property is for sale at $2,500,000.00. The 5,675-square-foot building sits on an 11,472-square-foot lot, strategically located in a C-2 zoning district in Hialeah, and offers a unique opportunity for investors to acquire both a successful business and a valuable real estate asset. Growth avenues include expanding the online presence, diversifying product offerings, and establishing partnerships with marinas and boat manufacturers. With its prime location, strong financial performance, and promising growth prospects, Marine Express represents a compelling investment in the marine industry.

FOR SALE DETAILS

PRICE

$5,900,000 USD

PRICE/SF

$1,040 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Marine Express

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

ADD'L SUBTYPES

Freestanding, Storefront Retail/Office, Showroom

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1952

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

2

PARKING SPACES

17

LAND DETAILS

LAND ACRES

0.26

LAND SF

11,326

ZONING

C-2

APN/PARCEL ID

04-3120-010-0370

ASK ABOUT THIS PROPERTY

Tony SaladrigasFausto Commercial Realty ConsultantsMore Info
786-378-1850

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Tony SaladrigasFausto Commercial Realty ConsultantsMore Info
786-378-1850

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