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31816904
31816906

3661 Northwest 50th Street, Miami, FL 33142

JD
FL SL3639184
Marcus & Millichap
ET
FL SL3327249, FL FL: SL3327249
Marcus & Millichap
NH
FL SL3594905
Marcus & Millichap
Listed by Marcus & Millichap
$7,400,000
44 days on market
Updated 37 days ago
Opportunity zone

RAM & DAS Aerospace Defense Solution- East Hialeah

Details
Property Type Industrial
Sub Type Distribution, Warehouse
Square Footage 38,040
Cap Rate 5.40%
NOI $399,584
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Expiration 10/30/2029
Remaining Term 3.4
Rent Bumps Yes
Lease Options One, 5-Year at Fair Market Value
Price per SqFt $195
Year Built 1951
Year Renovated 2023
Buildings 1
Lot Size (SqFt) 45,139
Zoning M-1
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 07/31/2024
Ground Lease No
Ceiling Height 15.7
Loading Docks 4
Dock High Doors 4
Ownership Fee Simple

Single-Tenant Aerospace Facility with Favorable Lease Economics

Marketing description

This offering presents a rare opportunity to acquire a single-tenant, net-leased aerospace facility strategically positioned in the heart of Miami's aviation corridor. The Property is fully built out for specialized aeronautical repair and distribution operations, supporting a mission-critical use that is difficult to replicate.

The lease structure features 3.5% annual rent escalations, providing a strong hedge against inflation, along with a fair market value reset at the end of the primary term, offering meaningful long-term upside potential.

The tenant, RAM Aerospace & Defense Solutions, is a Miami-based aircraft MRO and component supplier specializing in aerospace parts repair, maintenance, and distribution, including heavy airframe repairs and large component overhauls. This mission-critical functionality creates high switching costs and reinforces long-term tenancy.

The ±38,000 SF industrial facility is designed for operational efficiency, featuring four (4) grade-level doors, 15.59' clear height, and robust electrical infrastructure totaling ±1,400+ amps with multiple 240V and 480V single-phase and three-phase panels—well-suited for aerospace, manufacturing, and high-demand industrial applications.

Tenant commitment is further demonstrated through significant capital investment into the buildout, as well as the parent company's additional 62,000 SF occupancy in the adjacent facility. This expanded footprint highlights a vertically integrated operation and creates a strong dependency on the location, enhancing overall tenancy stability.

The Property benefits from a prime infill location in East Hialeah, offering exceptional connectivity to major transportation hubs. It is located less than 2 miles from Miami International Airport, approximately 3 miles from Opa-locka Executive Airport, and 6 miles from the Port of Miami, positioning the asset within one of the most critical logistics and aviation corridors in South Florida.

Investment highlights

Single-Tenant Aerospace Facility with Favorable Lease Economics

Single-tenant, net-leased aeronautical repair and distribution facility, fully built out by the tenant to support its specialized operations. The lease features 3.5% annual rent increases, providing a strong hedge against inflation, along with a fair market value adjustment at the end of the primary term, offering additional upside potential.

RAM Aerospace & Defense Solutions – Miami-Based Aircraft MRO & Component Supplier

Mission-Critical Aerospace & Defense Use –RAM Aerospace & Defense Solutions & DAS provide aerospace parts repair, maintenance, and distribution, including heavy airframe repairs and large component overhauls.

Functional Industrial Facility with Heavy Power Infrastructure

The ±38,000 SF building features four (4) grade-level doors and 15.59’ clear height, providing a highly efficient layout for industrial operations. The Property is equipped with robust electrical infrastructure, including multiple 240V and 480V single-phase and three-phase panels totaling ±1,400+ amps, supporting high-demand aerospace, manufacturing, and distribution uses.

Strong Tenant Commitment Supported by Significant Investment & Adjacent Presence

The tenant’s substantial capital investment in the buildout demonstrates a long-term commitment to the Property and enhances tenancy stability. Further reinforcing this, the parent company, APAS, occupies an additional 62,000 SF in the adjacent facility, highlighting a vertically integrated operation and expanded operational footprint that creates strong dependency on the location.

Strategic Infill Location Near Major Transportation Hubs

Ideally located in East Hialeah, the Property is less than 2 miles from Miami International Airport, approximately 3 miles from Opa-locka Executive Airport, and about 6 miles from the Port of Miami, providing exceptional access to key logistics and transportation infrastructure.

Listing Contacts

JD
FL SL3639184
Marcus & Millichap
ET
FL SL3327249, FL FL: SL3327249
Marcus & Millichap
NH
FL SL3594905
Marcus & Millichap
Listed by Marcus & Millichap

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$399,584.00
$33,298.67/mo

Valuation Metrics

0
DSCR
5.4%
Cap Rate
5.4%
ROI

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Additional Information

Name
Ryan Nee
License
FL 3154667
Title
Broker of Record
Name
Jonathan De La Rosa
License
SL3639184
Brokerage
Marcus & Millichap
Brokerage Phone
7865227122
Title
Associate Investments
Brokerage Address
2916 North Miami Avenue
Name
Eddie Toledo
License
SL3327249
Name
Nicholas Hassan
License
SL3594905
Brokerage
Marcus & Millichap
Brokerage Address
2916 North Miami Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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