3100 NW 27th Ave
Miami, FL 33142

Don't miss this opportunity to own a solidly performing flex use industrial property in the heart of Miami close to the MIA and the Port of Miami. This property is currently configured for three tenants and is occupied by two leaving the buyer the opportunity to improve the vacant unit and add value to the property right away. Excellent major street frontage with a huge pylon sign on the 27th Ave corner. Both tenants are long time tenants who intend to stay and have COL increases built into their leases. Parking is abundant at this property and it features a unique shared in-ground truck dock to unload large commercial vehicles with ease. Vacant unit was an enterprise truck rental facility and consists of a 485 sq ft CBS office and a 9,962 sq ft fully fenced and paved lot with a covered parking area. Tenants: (1) Kinder Kollege Day Care Center, appr. 2,340 s.f. with Playground appr. 1,125 s.f. Lease: 3/10-terminates 12/24 plus one five year option. Option rent starts at market rate at that time but no less than the final year of lease. COL adjusted annually. 30% CAM participation. (2) Vacant Lot: 9,962 s.f. fully fenced and asphalted and includes a 485 s.f. sales building, a N.W. 27th Avenue corner pylon sign, and a large canvas awning for parking. Occupied by Enterprise Rent A Car for 12 years until mid-2018. Approximately 55 foot frontage on N.W. 27th Avenue. Restroom shared with Kinder Kollege, Contributes 40% of fixed expenses and CAM maintenance. (3) Papersmith, Inc/ Papersmith Shredding: 2,470 s.f. Bay 1-Semi-Truck and Pedestrian doors minimum A/C plus restroom-1,500 s.f. Bay 2 – Fully developed office. A/C, tile floors, restroom and executive office w/windows: 970 s.f. (4) Papersmith Archives: 3,120 s.f. Bay 3 – Semi-Truck and Pedestrian doors: minimum A/C 2,120 s.f. Bay 4 – Semi-Truck and Pedestrian doors: minimum A/C. Restroom. 1,000 s.f. Papersmith,Inc. and Papersmith Archives leases are identical. Each lease bears 15% of fixed and CAM expenses and an annual COL adjustment. Each has been an occupant since 1996 with leases for 4 years with a 4 year option and the right to cancel with 90 days notice. Owner Financing Option: 30% cash. Balance PM mortgage @ 6 ½% interest, amortized over 20 years. Balloon in 7 years.