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Warehouse

3611 NW South River Dr

3611 NW S River Dr, Miami, FL 33142

Listing Price: $8,200,000

Cap Rate
6.08%
Gross SF
19,548
Price/Gross SF
$419.48
Lot Size
1.85 acres
Year Built
1983
Rentable SF
19,548

Investment Overview

Marcus & Millichap is proud to present for sale 3611 NW South River Drive, located in unincorporated Miami-Dade County. 3611 NW South River Drive is an 80,586 square foot land parcel and industrial property with 440 linear feet along the Miami River, which allows for loading and unloading containers and cargo vessels. This parcel has been improved with a 19,548 square foot warehouse constructed in 1983. The warehouse is manly used for storage of goods and has a two-story office space comprising of five percent of the total rentable building area. The rest of the property is used as an open yard area for storing and loading containers. Currently the property is occupied by a shipping container company with approximately five years left on a lease. The tenant has expressed flexibility in being able to vacate the premises prior to the lease expiration. This is one of the last available properties fronting the Miami River which has seen a very strong development pipeline over the last few years including a number of residential, lodging, retail, and entertainment projects. The property is situated on the south bank of the Miami River, west of Interstate 95 and just east of the Miami International Airport. The property has frontage on South River Drive with access to both directions of traffic. The subject site is about three miles upriver from the Intracoastal Waterway (ICW), which provides access to Biscayne Bay and the Atlantic Ocean. The subject is currently zoned Palmer Lake Metropolitan Urban Center (PLMUC). PLMUC allows for a variety of permitted uses including but not limited to a wide variety of industrial uses, recreational boat storage, marinas and product processing.

Investment Highlights

  • Approximately two acres of developable land right on the Miami River
  • Eight miles from Downtown Miami
  • Permitted uses include a wide variety of commercial uses

Exclusively Listed By

Financing By

Warehouse

3611 NW South River Dr

Listing Price: $8,200,000

Cap Rate
6.08%
Gross SF
19,548
Price/Gross SF
$419.48
Lot Size
1.85 acres
Year Built
1983
Rentable SF
19,548

Investment Highlights

  • Approximately two acres of developable land right on the Miami River
  • Eight miles from Downtown Miami
  • Permitted uses include a wide variety of commercial uses

Investment Overview

Marcus & Millichap is proud to present for sale 3611 NW South River Drive, located in unincorporated Miami-Dade County. 3611 NW South River Drive is an 80,586 square foot land parcel and industrial property with 440 linear feet along the Miami River, which allows for loading and unloading containers and cargo vessels. This parcel has been improved with a 19,548 square foot warehouse constructed in 1983. The warehouse is manly used for storage of goods and has a two-story office space comprising of five percent of the total rentable building area. The rest of the property is used as an open yard area for storing and loading containers. Currently the property is occupied by a shipping container company with approximately five years left on a lease. The tenant has expressed flexibility in being able to vacate the premises prior to the lease expiration. This is one of the last available properties fronting the Miami River which has seen a very strong development pipeline over the last few years including a number of residential, lodging, retail, and entertainment projects. The property is situated on the south bank of the Miami River, west of Interstate 95 and just east of the Miami International Airport. The property has frontage on South River Drive with access to both directions of traffic. The subject site is about three miles upriver from the Intracoastal Waterway (ICW), which provides access to Biscayne Bay and the Atlantic Ocean. The subject is currently zoned Palmer Lake Metropolitan Urban Center (PLMUC). PLMUC allows for a variety of permitted uses including but not limited to a wide variety of industrial uses, recreational boat storage, marinas and product processing.

Exclusively Listed By

Financing By

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