Miami Gardens Warehouse 18331 NE 1st Ave 10,753 SF 77% Leased Industrial Building Miami, FL 33179 $2,700,000 ($251.09/SF)
INVESTMENT HIGHLIGHTS
- $ 1mm in Equity potential with increasing the rents and repositioning the asset
- Close to I-95 N/S on/off equally between Miami & Ft. Lauderdale airports & sea ports
- See attached OM, IRR analysis, & rental roster
- Two leases renew in 2025 this year. The other two leases renew in 2028.
- Value add through raising rents to market as leases come due
- 40 Year Cert done in 2018 | New Roof in 2020 w/ 15 year warranty
EXECUTIVE SUMMARY
PROPERTY FACTS
AMENITIES
- Yard
- Air Conditioning
UTILITIES
- Lighting - Fluorescent
- Water - County
- Sewer - Septic Field
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
Available is 2,422 SF (Bay 118) at this Industrial Zoned warehouse in Miami, FL with 16 foot clear ceilings, concrete beam roof, and one roll-up and pedestrian door. The Bay has one bathroom and one reception office. The office is under AC via a wall unit. The warehouse does not have central A/C. $2,700/mo base rent NNN (NNN = $465.16/mo) Please see interior photos. Bay just cleared out and ready for occupancy. Bay 118 is one of 4-bays in this Industrial (IU-1) freestanding warehouse offering off 183rd Street | Miami Gardens Drive, Miami, FL. 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.
| Space | Size | Space Use | Condition | Available |
| 1st Fl - 118 | 2,422 SF | Industrial | Partial Build-Out | Now |
1st Fl - 118
| Size |
| 2,422 SF |
| Space Use |
| Industrial |
| Condition |
| Partial Build-Out |
| Available |
| Now |
PROPERTY TAXES
| Parcel Number | 30-2101-008-0050 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $910,543 |
