RARE Miami IOS Site
Industrial Outdoor Storage | 10 acres | Hialeah
Marketing description
Scarlett Harper Commercial, LLC as exclusive advisor, proudly presents the "Hialeah IOS Site," a rare opportunity encompassing approximately 10 acres in Hialeah, Florida. This unique property boasts a fully functional outdoor storage/truck parking facility, making it a standout offering in the Miami market where land scarcity and high development costs limit the availability of competitive product. The site has seen significant multimillion-dollar enhancements in recent years, featuring 240 designated truck parking spaces. With these improvements in place, prospective buyers can seamlessly transition into operation without delay or additional expenses, rendering it exceptionally appealing to new owners.
Additionally, the property features a modern 2,000 SF building utilized by a tenant for operational needs and truck repairs, ensuring operational efficiency. Security is paramount, ensured by perimeter fencing, while full water and power connections further enhance functionality. Currently leased to an outdoor truck storage operator at approximately $35,000 per month on a month to month basis, the property can be delivered vacant if required. Owner-users and investors seeking to occupy or re-lease the site in whole or in part can underwrite to prevailing market rates of $4.00 to $5.00/SF NNN, consistent with current Miami IOS leasing activity.
Investment highlights
- Prized industrial outdoor storage site totaling almost 10 acres
- Excellent accessibility near Florida's Turnpike, W. Okeechobee Road, I-75, and Palmetto Expressway
- Rare fully improved site in Miami Dade with huge barriers to entry
- Significant multi-million-dollar infrastructure invested including state of the art 2,000 building, full perimeter fencing and connected utilities
- Extremely difficult to replicate due to limited wetland credits and permitting process
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