Listed by The Hype Group
$4,000,000
Hialeah Warehouse
Details
Property Type Industrial
Sub Type Warehouse
Square Footage 16,100
Net Rentable (SqFt) 16,100
Cap Rate 4.24%
NOI $161,000
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 2
Lease Expiration 01/01/2024
Rent Bumps Yes
Lease Options 2
Pro-Forma NOI $161,000
Price per SqFt $236
Class C
Year Built 1965
Year Renovated 5
Stories 1
Lot Size (SqFt) 30,000
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 12/24/2021
Occupancy Date 02/03/2001
Ceiling Height 18
Dock High Doors 1
Ownership 100
3 Door and 1 Dock height door. Great lease in place
Marketing description
This 16,100 sqft warehouse features three grade level doors, including one dock door, with street access at both the front and back, offering flexibility for logistics and operations. The property can be delivered vacant or with a tenant in place by December 31, 2025. Located just 1.5 miles from Okeechobee Metrorail and 1.9 miles from Palmetto Metrorail, it offers excellent transit connectivity. With its recent 40-year recertification and proximity to Miami International Airport, this well-maintained warehouse is ideal for investors looking for a stable property in a strategic location.
Investment highlights
Current Rent 10NNN
Strong tenant in business for 20+ years
3 Grade level doors and 1 dock height door
Listing Contacts
Listed by The Hype Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$161,000.00
$13,416.67/mo
Valuation Metrics
0
DSCR
4.03%
Cap Rate
4.03%
ROI
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