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4420 SW 74th Ave

Miami, FL 33155

$5,950,000

Warehouse For Sale  •  34,342 Sq Ft

Property Details

  • Property Type Warehouse
  • Total Building Size 34,342 Sq Ft
  • Lot Size 1.39 ac
  • Building Class B
  • Year Built 1976
  • Cap Rate 6.17 %
  • Tenancy Multiple
  • Zoning IU-2
30 Transit Score
49 Walk Score

Description

Area is located halfway between Ft. Lauderdale (North) and the Keys (South). Proximity to New Ludlum Trail Project that is bringing  new development to the Area.
Small-bay warehouse properties in this area are one  of the highest demand products. New construction  costs prohibit the supply of new properties like this.  There is a high leasing demand for this size space and  the high number of units in a single property really  diversify the landlord’s income, unlike properties with  fewer tenants that cannot absorb vacancy.

Highlights

Located only six miles from the Miami Airport, this property is centrally located and in high demand.
The site provides easy access to major roadways, including the 826-Palmetto expressway.
Close proximity to the new Ludlam Trail Project that is bringing new development to the area.
The property features 24 small-bay warehouse units with an 18-foot clear height, and is situated on 1.39 acres.
Strong mix of long-term tenants and short-term tenants.
Below market rental rates with room to increase means investing with confidence.

Property Flyers

Financial Summary

Cap Rate: 6.17 %

Amenities

  • Fenced Lot

Parking Details

Parking Available: No
Reserved: No
Type: Covered
Included in Rent: Yes
Joseph Weston 305-264-9661 Maddux and Company
Joseph Weston 305-264-9661 Maddux and Company