Listed by Marcus & Millichap
$3,100,000
The Parts House
Details
APN 3031210001390
Property Type Industrial
Square Footage 10,500
Net Rentable (SqFt) 10,500
Units 1
Cap Rate 5.81%
NOI $180,000
Occupancy 100%
Tenancy Single
Year Built 1966
Buildings 1
Stories 1
Lot Size (SqFt) 17,860
Tenant Credit Corporate Guarantee
Ground Lease No
Just Listed - The Parts House (TPH) - NNN Industrial Building - Miami, FL
Investment highlights
- Rare 10,500 SF Miami Net Leased Industrial Investment Property Located Just East of Miami Airport
- The Parts House Tenant is a 200 Location National Auto Parts Dealer With Recently Extended 5 Year Base Term
- TPH is a Wholly Owned Subsidiary of Marubeni Corporation, a Japanese Company with Market Capitalization of $60 Billion
- Ideal Net Lease Structure with No Landlord Responsibilities and Aggressive 3% Annual Base
- Rental Increases
- Building Located on NW 40th Street Just West of NW 27th Avenue and East of Miami International Airport
- Brand New Roof Recently Installed by Seller with 20 Year Roof Warranty Easy Access to SR 112 Eastbound and Westbound Lanes
Listing Contacts
Listed by Marcus & Millichap
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$180,000.00
$15,000.00/mo
Valuation Metrics
0
DSCR
5.81%
Cap Rate
5.81%
ROI
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Tax History
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