Property For Sale Listing 182621
West Hialeah MultiBay Warehouse
Status as of Dec-3-2008 at 01:22 AM: Off The Market
Property Summary
Great opportunity for multi-bay warehouse conversion or long term hold in one of Hialeah' s most sought after locations! Just off the Palmetto Expressway in the West Hialeah, arguably one of the best warehouse tenant locations in Miami-Dade. The subject property consists of 11 warehouses and 1 billboard sign. Current rental rates are below market in an area commanding lease rates of $9.00-$10.00 p/s/f. The building has undergone a complete renovation in 2007. Excellent condo conversion candidate for a sell out of $150 p/s/f.
Centrally located warehouse comlex in West Hialeah. 11 Fully rented 2,150 (+/-) Bays with grade level loading doors. Each bay has clean industrial space along with approx. 300 sq feet of finished office space and private office entrance. 21 Ft Clear ceiling with solid concrete Twin T roof construction. 2 Assigned parking spaces for each tenant. Great location behind the Telemundo Headquarters & Close to The Palmetto,Florida's Turnpike & Miami airport, and I-75. Won't find a cleaner multi bay warehouse complex with a 7 CAP and an ROI of 8.05% at the asking price!
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Location
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United States // Southeast States // Florida // Other Florida |
Price
| Price Classification: |
Between $2.5 Million and $5 Million |
| Asking Price: |
$2,600,000 |
Property Type
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Retail-Commercial Properties |
