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3035 NW 40th St
Miami, FL 33142 Melrose Heights

$3,100,000 USD

Warehouse For Sale  •  10,500 SF

Property Details

• Property Type Warehouse
• Total Building Size 10,500 SF
• Lot Size 0.41 AC
• Building Class C
• Year Built 1966
• Cap Rate 5.81 %
• Tenancy Single
• Zoning IU-1

60 Transit Score

50 Walk Score

Highlights

Rare 10,500 SF Miami Net Leased Industrial Investment Property Located Just East of Miami Airport

The Parts House Tenant is a 200 Location National Auto Parts Dealer With Recently Extended 5 Year Base Term

TPH is a Wholly Owned Subsidiary of Marubeni Corporation, a Japanese Company with Market Capitalization of $60 Billion

Ideal Net Lease Structure with No Landlord Responsibilities and Aggressive 3% Annual Base Rental Increases

Building Located on NW 40th Street Just West of NW 27th Avenue and East of Miami International Airport

Cap Rate:

5.81 %

Major Tenants

Tenant	SF Occupied	Lease End Date
The Parts House		2/28/2031

Public Transportation

Commuter Rail	Drive	Walk	Distance
Brownsville (Metrorail Green Line - Miami-Dade Transit (Metrorail/Metromover))	3 min	-	1.1 mi
Hialeah Market (Tri-County Commuter - South Florida Regional Transportation Authority (Tri-Rail))	5 min	-	1.6 mi
Airport	Drive	Walk	Distance
Miami International	17 min	-	6.1 mi
Fort Lauderdale/Hollywood International	33 min	-	22.7 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	15
Type:	Surface
Included in Rent:	Yes