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$6,250,000

For Sale

$6,250,000

950 NW 72nd St, Miami, FL 33150

Description

New to Market I Flex Warehouse for Sale in Little River Opportunity Zone

950 NW 72nd St, Miami, FL 33150

This pride of ownership property was gut renovated in 2017. Presently demised into 3 spaces serving Innerspace Custom Closet Fabricators, Armani Casa, and Terra Casa Design showrooms. The building is ready to hand over to a new owner needing zero dollars in Capex, and with positive cash flow from financially fit and stable tenants that are currently paying substantially under-market rents. The Last-Mile zone of West Little River is rife with new development and is a community of many local investors. The asset is perfectly suited for a 1031 Exchange buyer, a user, or investor looking for a long-hold, top condition property, with strong in-place cash flow. All Due Diligence materials are available for your immediate review including, clean environment, recertification, survey, and financials. This property is located in a Qualified Opportunity Zone. All leases terminate between June and November of 2023.

+ Price: $6,250,000

+ Per Building SF: $259

+ Building area: 24,104 SF

+ Land area: 38,425 SF

+ Zoning: IU-1

+ Current Use: Flex Warehouse, Light Manufacturing, Showroom

+ Neighborhood: Little River Business District, Qualified Opportunity Zone

SOLD
For Sale

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