4 Bay Warehouse next to Miami

Opportunity to achieve an existing 4.8% cap rate in Miami, FL next to the Magic City Innovation District.​ All 4 bays now rented producing $240,000/NNN in annual rents.​ At $5 mm that is a 4.8% cap rate.​

Douglas Elliman Real Estate, as exclusive listing agent, is pleased to offer this 4 Bay Miami, FL, D1-Zoned Industrial Warehouse with 18’ ceilings for Sale across from Magic City Innovation District and Opportunity Zone.​ Building is 7,898 SF.​ Please see attached OM and e-mail listing agent for current details and rents.​

Magic City Innovation District® - Little Haiti will be a mixed-use master plan designed as a walkable campus that will consist of retail, office, residential, hotel, art, park and other public spaces.​ The Magic City Innovation District, as a part of gentrifying Little Haiti, is located just west of the Brightline/Virgin Trains line & Miami’s Upper East Side, north of the Design District, Midtown and Wynwood and within 10 to 15 minutes of Miami International Airport and the Beaches with NE 61/62nd Street as its primary East/West traffic corridor.​

• ​

  4 Bay Warehouse Zoned D1 fully leased and a potential redevelopment

• ​

  Redevelop and build up to 80,000 buildable SF up to 8 stories

• ​

  Existing 4.8% Cap Rate based upon existing $240,000/year NOI (NNN)

• ​

  Opportunity Zone

• ​

  Also TOD per county