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Retail Office Flex/ Covered Land Development 2640 SW 28th Ln

32,000 SF 77% Leased Industrial Building Miami, FL 33133 $14,200,000 ($444/SF)

Investment Highlights

  • 82,000 Annual Average Daily Traffic (AADT)
  • 14 ft ceiling height
  • Three (3) Phase Electrical Capacity
  • New Roof 2020

Executive Summary

The property features well-maintained warehouse flex space with 14-foot high ceilings, multiple bay doors in every space, and convenient access from SW 28th Lane to the Metrorail. Its versatile layout is ideal for a variety of uses, including restaurants, showrooms, gyms, cafes, specialty markets, event spaces, offices, and other creative ventures. Furthermore, the property sits directly in front of the Underline Phase 3 Coconut Grove section. With prime visibility on US-1 and SW 27th Avenue, this property benefits from a strategic location close to Downtown/Brickell and I-95. The dual frontage enhances both visibility and
accessibility, making it a prime opportunity for businesses seeking a dynamic and accessible location. The proximity to key areas and major transportation routes ensures that this property is well-connected and perfectly positioned for a central and thriving business hub.

Financial Summary (Actual - 2023)

Annual Annual Per SF
Gross Rental Income $736,716 $23.02
Other Income - -
Vacancy Loss - -
Effective Gross Income $736,716 $23.02
Net Operating Income - -

Financial Summary (Actual - 2023)

Gross Rental Income
Annual $736,716
Annual Per SF $23.02
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $736,716
Annual Per SF $23.02
Net Operating Income
Annual -
Annual Per SF -

Property Facts

Price $14,200,000
Price Per SF $444
Sale Type Investment
Property Type Industrial
Property Subtype
Manufacturing
  • General Retail Supermarket
  • Showroom
  • OfficeLoft Creative Space
Building Class C
Lot Size 0.79 AC
Rentable Building Area 32,000 SF
No. Stories 1
Year Built/Renovated 1945/2021
Clear Ceiling Height 14’
No. Drive In / Grade-Level Doors 2

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Manufacturing
  • 8,484 SF
  • $28.76
  • Full Service Gross
  • -

Deco27 is one of Florida’s largest and most recognized company specialized in hardwood flooring, doors, porcelains, and walls. Their goal is to provide the finest quality products at competitive market prices, while maintaining the highest standards in service.

  • Fuse Specialty Appliances
  • -
  • 6,772 SF
  • $35.10
  • Full Service Gross
  • Dec 2031
  • RidesMia
  • -
  • 7,287 SF
  • $35.00
  • Triple Net
  • Jun 2028
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Manufacturing 8,484 SF $28.76 Full Service Gross -
Fuse Specialty Appliances - 6,772 SF $35.10 Full Service Gross Dec 2031
RidesMia - 7,287 SF $35.00 Triple Net Jun 2028

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Fl - Unit 1
  • 7,500 SF
  • Industrial
  • Full Build-Out
  • Now

APEX Capital Realty is delighted to offer a leasing opportunity encompassing up to 7,500 square feet of industrial flex space with prominent frontage on US1, strategically positioned at the entrance to Coconut Grove. The property, located at 2640 SW 28th Lane in Miami, boasts meticulously maintained warehouse flex space, making it ideally suited for a diverse range of purposes. Featuring 14 ft high ceilings, bay doors, and egress access through the property from SW 28th Lane to the Metrorail. This versatile space opens up possibilities for establishments such as restaurants, showrooms, gyms, cafes, specialty markets, event spaces, offices, and other creative uses. The prime location and adaptable nature of this property make it an attractive prospect for businesses seeking a dynamic and accessible space in a thriving area. With frontage on US1 and SW 27th Avenue, this property offers a strategic location in close proximity to Downtown/Brickell and I-95. The advantageous frontage on both US1 and SW 27th Avenue enhances visibility and accessibility, making it a prime choice for businesses looking to establish a presence in a dynamic area. With the convenience of being near key areas such as Downtown and Brickell, as well as easy access to the major transportation artery I-95, this location is well- connected and strategically positioned for businesses seeking a central and accessible hub.

Space Size Space Use Condition Available
1st Fl - Unit 1 7,500 SF Industrial Full Build-Out Now

1st Fl - Unit 1

Size
7,500 SF
Space Use
Industrial
Condition
Full Build-Out
Available
Now

1st Fl - Unit 1

Size 7,500 SF
Space Use Industrial
Condition Full Build-Out
Available Now

APEX Capital Realty is delighted to offer a leasing opportunity encompassing up to 7,500 square feet of industrial flex space with prominent frontage on US1, strategically positioned at the entrance to Coconut Grove. The property, located at 2640 SW 28th Lane in Miami, boasts meticulously maintained warehouse flex space, making it ideally suited for a diverse range of purposes. Featuring 14 ft high ceilings, bay doors, and egress access through the property from SW 28th Lane to the Metrorail. This versatile space opens up possibilities for establishments such as restaurants, showrooms, gyms, cafes, specialty markets, event spaces, offices, and other creative uses. The prime location and adaptable nature of this property make it an attractive prospect for businesses seeking a dynamic and accessible space in a thriving area. With frontage on US1 and SW 27th Avenue, this property offers a strategic location in close proximity to Downtown/Brickell and I-95. The advantageous frontage on both US1 and SW 27th Avenue enhances visibility and accessibility, making it a prime choice for businesses looking to establish a presence in a dynamic area. With the convenience of being near key areas such as Downtown and Brickell, as well as easy access to the major transportation artery I-95, this location is well- connected and strategically positioned for businesses seeking a central and accessible hub.

Walk Score®
Very Walkable (87)
Bike Score®
Biker's Paradise (90)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
01-4115-008-3250
Land Assessment
$0 (2024)
Improvements Assessment
$0 (2024)
Total Assessment
$3,091,550 (2024)

zoning

Zoning Code D-1 (District Zone)
D-1 (District Zone)
  • Listing ID: 32968863

  • Date on Market: 8/27/2024

  • Last Updated:

  • Address: 2640 SW 28th Ln, Miami, FL 33133

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