7311 NW 12th St
Doral, FL 33126 Miami International Airport

• Unit Size: 3,398 SF
• Condo Use: Flex
• Price: $1,100,000 USD
• Sale Type: Investment or Owner User
• Price/SF: $323.72 USD

Description

Exceptional opportunity to own a flex warehouse/office unit in the highly desirable Doral Flex II Condominium. Offered at $1,100,000 ($323/SF). This is a turnkey income-producing asset in one of South Florida’s strongest industrial markets—ideal for investors seeking a hands-off, stable return in a high-growth area. Located in Doral Flex II Condominium, this flex warehouse/office unit offers a unique blend of industrial and office space in one of Doral's most established and well-connected business communities. This professionally managed condominium provides a secure and functional environment for light manufacturing, logistics, and distribution operations. With easy access to major highways—including the Palmetto Expressway (SR-826), Dolphin Expressway (SR-836), and Florida’s Turnpike—the location is ideal for businesses requiring regional or national reach. The association maintains common areas and covers water and trash services via its monthly fees, offering added convenience and value.

Sale Notes

Prime Industrial Investment Opportunity – 5-Year Lease in Place

This is a rare opportunity to acquire a fully leased industrial condo warehouse located in the heart of Doral, Florida. Ideal for passive investors, the property is being sold with a brand-new 5-year lease in place, generating steady and predictable rental income from day one.

The tenant is a well-established business with a signed lease starting August 1, 2025, including 5% annual rent increases. The lease structure offers long-term stability and income growth, making it an attractive investment for those seeking reliable returns in a high-demand industrial submarket.

Key investment highlights include:
- Base rent starts at $5,500/month with 5% annual increases
- Gross annual income: $66,000 in Year 1
- Landlord pays association fees and property taxes
- Association Fees: $1,082.71/month
- 2024 Real Estate Taxes: $9,876.43/year
- Projected Year 1 NOI: $43,131.05
- Asking Price: $1,100,000
- Cap Rate Year 1: ±3.92%

This is a turnkey income-producing asset in one of South Florida’s strongest industrial markets—ideal for investors seeking a hands-off, stable return in a high-growth area.

The ±3,398 Sq.Ft. unit includes a fully air-conditioned ±1,150 Sq.Ft. warehouse with 9’ and 20’ ceiling clearances, and ±2,248 Sq.Ft. of renovated office space. Updates include new flooring, fresh paint throughout (including warehouse in bright white), LED lighting, renovated bathrooms and kitchen, and a new insulated electric roll-up door. Functional layout includes 2 floors, 4 assigned parking spaces, 2 bathrooms, and 2 separate A/C units servicing both warehouse and office areas. This unit is perfect for a growing business looking to establish a strong presence in Doral’s prime industrial corridor.