The Campus at Little River | 297 NE 67th St
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The Campus at Little River 297 NE 67th St
33,204 SF Industrial Building Miami, FL 33138 $12,900,000 ($388.51/SF) 5.64% Cap Rate
INVESTMENT 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.
- Solid remaining weighted average lease term presents stability and the potential for future rent growth through renewals or space reconfiguration.
- Brightline expansion will improve accessibility between Miami, Fort Lauderdale, and other Florida cities, supporting Little River's growth.
- Its ideal end-cap block-to-block positioning with a central Little River address enhances tenants' visibility and establishes prominence in the area.
- Little River offers exceptional value compared to high-profile areas such as Wynwood and Midtown, making it an attractive destination for innovators.
EXECUTIVE SUMMARY
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.
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.
SALE FLYER
PROPERTY FACTS
AMENITIES
- Mezzanine
UTILITIES
- Water
- Sewer
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- betr
- Arts, Entertainment, and Recreation
-
99,999 SF
- -
-
Lorem Ipsum
- -
-
- Arts, Entertainment, and Recreation
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
Founded in 1998, Locust Projects is Miami’s leading alternative nonprofit art space, dedicated to nurturing experimental contemporary art. It provides artists with a platform to create and exhibit new, site-specific projects without the constraints of traditional art venues. Through its innovative exhibitions, public programs, and artist residencies, Locust Projects encourages risk-taking and supports emerging and mid-career artists in expanding the boundaries of their work. Now located in Miami’s Little River District, it serves as an incubator for new art and ideas.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| betr | Arts, Entertainment, and Recreation | 99,999 SF | - | Lorem Ipsum | - | |
|
|
Arts, Entertainment, and Recreation | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Walk Score®
Very Walkable (83)
Bike Score®
Very Bikeable (80)
DEMOGRAPHICS
REGIONAL ACCESSIBILITY
CITY
POPULATION
MILES
DRIVE TIME
Miami
470,914
5
0 h 11 m
Hialeah
238,942
10
0 h 20 m
Orlando
285,713
229
4 h 18 m
Saint Petersburg
265,098
259
4 h 49 m
Tampa
392,890
279
5 h 11 m
Jacksonville
903,889
345
6 h 29 m
ACCESS AND LABOR FORCE
10 MILES
Total Population
1,466,730
Total Labor Force
785,854
Unemployment Rate
2.12%
Median Household Income
$53,885
Warehouse Employees
101,250
High School Education Or Higher
83.70%
NEARBY AMENITIES
RESTAURANTS |
|||
|---|---|---|---|
| Cafe China | Cafe | $ | 4 min walk |
| Adelitas Cafe | Cafe | $$$ | 5 min walk |
| Pamela Wasabi | Japanese | - | 11 min walk |
| Phuc Yea | Vietnamese | $$ | 12 min walk |
| Via Verdi | Italian | $$$ | 14 min walk |
| Starbucks | Cafe | $ | 15 min walk |
RETAIL |
||
|---|---|---|
| AT&T Wireless | Wireless Communications | 13 min walk |
| CrossFit | Fitness | 13 min walk |
| Chase Bank | Bank | 14 min walk |
| Verizon | Wireless Communications | 15 min walk |
| Gallery | Home Accessories | 16 min walk |
| The UPS Store | Business/Copy/Postal Services | 15 min walk |
HOTELS |
|
|---|---|
| Hampton by Hilton |
151 rooms
6 min drive
|
| Hilton |
528 rooms
9 min drive
|
| Marriott |
605 rooms
10 min drive
|
| aloft Hotel |
160 rooms
12 min drive
|
| InterContinental |
652 rooms
12 min drive
|
| JW Marriott |
296 rooms
13 min drive
|
PROPERTY TAXES
| Parcel Number | 01-3218-020-0180 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,072,530 |
PROPERTY TAXES
Parcel Number
01-3218-020-0180
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,072,530
ZONING
| Zoning Code | 5 // D2 (Industrial District) |
| 5 // D2 (Industrial District) |
SALE ADVISORS
SALE ADVISORS
Devlin Marinoff, Co-Founder & Managing Director
(917) 312-2219
Contact
Devlin Marinoff, Broker and Managing Partner of DWNTWN Realty Advisors is one of the top commercial sales brokers in Miami. Throughout his career, he has arranged the sale of over $2 billion of commercial real estate covering all asset classes.
Devlin began his real estate career in New York City at Penn Capital Realty as a commercial sales broker, where he effectuated over $700 million in transactions. His experience extended over many asset classes that included hospitality sales and development, multi-family conversions, office buildings, retail centers, and industrial properties.
A native of New York, Devlin relocated to South Florida in 2008 and proceeded to found Whitehall Realty Group, a boutique investment and sales firm located in the heart of Miami. As the Managing Director of Whitehall, Devlin developed the firm into one of the top commercial brokerages in the sale of investment-grade properties. Over the course of 9 years, he led his team to unprecedented success, including being named a CoStar Power Broker in 2016 for Commercial Real Estate Investment Sales.
In 2018, Devlin collaborated with commercial real estate expert, Tony Arellano, to found DWNTWN Realty Advisors, a commercial real estate brokerage firm focused on leasing, investment sales, creative, and advisory services for emerging urban core markets where “Density is DWNTWN’s Destiny”.
He and co-founder Tony Arellano have also been named for the Commercial Observer Power 30 List for South Florida.
Devlin holds a Bachelor’s Degree in Business Administration from the University of Arizona.
Devlin began his real estate career in New York City at Penn Capital Realty as a commercial sales broker, where he effectuated over $700 million in transactions. His experience extended over many asset classes that included hospitality sales and development, multi-family conversions, office buildings, retail centers, and industrial properties.
A native of New York, Devlin relocated to South Florida in 2008 and proceeded to found Whitehall Realty Group, a boutique investment and sales firm located in the heart of Miami. As the Managing Director of Whitehall, Devlin developed the firm into one of the top commercial brokerages in the sale of investment-grade properties. Over the course of 9 years, he led his team to unprecedented success, including being named a CoStar Power Broker in 2016 for Commercial Real Estate Investment Sales.
In 2018, Devlin collaborated with commercial real estate expert, Tony Arellano, to found DWNTWN Realty Advisors, a commercial real estate brokerage firm focused on leasing, investment sales, creative, and advisory services for emerging urban core markets where “Density is DWNTWN’s Destiny”.
He and co-founder Tony Arellano have also been named for the Commercial Observer Power 30 List for South Florida.
Devlin holds a Bachelor’s Degree in Business Administration from the University of Arizona.
Tony Arellano, Co-Founder & Managing Partner
(786) 235-8330
Contact
With over a decade of brokerage experience in real estate investment, Tony Arellano is the Co-Founder and Managing Partner of DWNTWN Realty Advisors, where he specializes on value add real estate investment sales, infill urban development, and landlord representation for mixed-use assets.
To date, Tony has completed over a billion dollars in total lease and sale transactions within the greater downtown Miami submarket, including over 450 commercial real estate lease and sales transactions throughout his career.
Prior to co-founding DWTNWN Realty Advisors, he served as the Executive Vice President of a local commercial real estate firm for over 11 years leading the firm's brokerage efforts.
In 2016, Tony served as President of CIASF, the largest local Real Estate organization, with a focus on data-centric events. Additionally, he is the author of specialized neighborhood annual market reports such as the Wynwood Market Report and the Urban Market Report.
He has been named for the Commercial Observer Power 100 as one of Commercial Real Estate’s Most Powerful Players. He and co-founder Devlin Marinoff have also been named for the Commercial Observer Power 30 List for South Florida.
Tony is a graduate of Florida International University with a BS in Business Administration.
To date, Tony has completed over a billion dollars in total lease and sale transactions within the greater downtown Miami submarket, including over 450 commercial real estate lease and sales transactions throughout his career.
Prior to co-founding DWTNWN Realty Advisors, he served as the Executive Vice President of a local commercial real estate firm for over 11 years leading the firm's brokerage efforts.
In 2016, Tony served as President of CIASF, the largest local Real Estate organization, with a focus on data-centric events. Additionally, he is the author of specialized neighborhood annual market reports such as the Wynwood Market Report and the Urban Market Report.
He has been named for the Commercial Observer Power 100 as one of Commercial Real Estate’s Most Powerful Players. He and co-founder Devlin Marinoff have also been named for the Commercial Observer Power 30 List for South Florida.
Tony is a graduate of Florida International University with a BS in Business Administration.
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