Listed by RE/MAX 5 Star Realty
$1,575,000
2220 SW 60th Ter
Details
APN 514124010290
Property Type Industrial
Sub Type Warehouse, Industrial
Square Footage 4,270
Units 2
Cap Rate 5.60%
NOI $87,505
Occupancy 100%
Tenancy Multi
Lease Type Gross
Pro-Forma Cap Rate 8.3%
Pro-Forma NOI $130,693
Price per SqFt $369
Year Built 1967
Buildings 1
Lot Size (SqFt) 11,607
Zoning SD
Parking Spaces 15 spaces
Parking Per SqFt 3.51
Ceiling Height 12
Miramar Industrial Property
Marketing description
This freestanding industrial warehouse in prime Miramar offers excellent accessibility to major routes including SR-441, the Turnpike, I-95, and I-75. The property features a large fenced lot with ample outdoor storage, secure parking, and flexible space suitable for a variety of industrial or automotive uses permitted by the City of Miramar. Currently 100% occupied under full-service gross leases, Unit A (±2,950 SF + outdoor lot) is used for satellite equipment repairs and future food-related projects, while Unit B (±1,350 SF) supports equipment storage and material distribution. The property generates a gross income of $108,864 and nets $87,505 annually, offering investors a 5.6% capitalization rate.
Investment highlights
Miramar Industrial Property
Great Location just off SR-441!
100% Occupied
8.17% Proforma Cap Rate!
Large Fenced-In Lot
Perfect for an Investor!
Listing Contacts
Listed by RE/MAX 5 Star Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$87,505.00
$7,292.08/mo
Valuation Metrics
0
DSCR
5.56%
Cap Rate
5.56%
ROI
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