Property Use Type:Investment<br>Type:Industrial<br>Warehouse<br>Building Size:23,375 SF<br>Lot Size:38,335 SF<br>Clear Ceiling Height:21 ft.<br>Occupancy:100.00%<br>Price:$2,575,000<br>Price/SF:$110.16<br>Cap Rate:7.00%<br>Year Built:1976<br><br>Property Description:<br>Great opportunity for multi-bay warehouse conversion or long term hold in one of Hialeah' s most sought after locations! Just off the Palmetto Expressway in the West Hialeah, arguably one of the best warehouse tenant locations in Miami-Dade. The subject property consists of 11 warehouses and 1 billboard sign. Current rental rates are below market in an area commanding lease rates of $9.00-$10.00 p/s/f. The building has undergone a complete renovation in 2007. Excellent condo conversion candidate for a sell out of $150 p/s/f.<br>Centrally located warehouse comlex in West Hialeah. 11 Fully rented 2,150 (+/-) Bays with grade level loading doors. Each bay has clean industrial space along with approx. 300 sq feet of finished office space and private office entrance. 21 Ft Clear ceiling with solid concrete Twin T roof construction. 2 Assigned parking spaces for each tenant. Great location behind the Telemundo Headquarters & Close to The Palmetto,Florida's Turnpike & Miami airport, and I-75. Wont find a cleaner multi bay warehouse complex with a 7 CAP and an ROI of 8.05% at the asking price!<br><br>Location Description:<br>Palmetto Expressway North exit NW 74th St head East to W 12 Ave Make Left at Telemundo Headquarters (West 22 st) 4 blocks turn Left warehouse on right hand side--2nd warehouse from the right<br>No. Stories:1Commission Split:3%<br>Parking Ratio:2 / 1,000 SFNo. Dock High Doors:1<br>No. Grade Level Doors:1Trailer Parking:Yes<br>Property Types:Warehouse<br>ManufacturingPower is available:Yes<br>Office ShowroomSprinklers:Yes<br>TaxID/APN:04-30-12-006-2540<br/><br/>Listing Agent: Manny Chamizo III
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