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Office Warehouse

8833 NW 107th St

8833 NW 107th St, Hialeah Gardens, FL 33018

Listing Price: $7,500,000

Cap Rate
4.27%
Gross SF
38,020
Price/Gross SF
$197.26
Lot Size
2.69 acres
Year Built
1985
Rentable SF
38,020

Investment Overview

Marcus & Millichap is proud to present the sale of 8833 NW 107th St, a flex warehouse located in Hialeah Gardens, FL, just off Okeechobee Road. This industrial building is situated on a 2.69-acre parcel of land and offers 38,076 square-feet of rentable space. The property was built in 1985 and very well maintained by the current owner, as well as renovated in 2008. This is a perfect owner/user or investor opportunity as the building lends itself for single tenant use or can be easily converted to a multi-tenant office/industrial property. The property is currently occupied by a church and four tenants on month-to-month leases generating just over $20k but may be delivered vacant at closing. The land value for the subject itself is estimated to be seven million dollars. The property is an industrial warehouse built with a twin-T roof, 16 feet clear height and six drive in doors. Additionally, the building is also equipped with a 3-phase power system and approximately 70% of the property is covered by the +/- 60 ton new air conditioning system. This offering presents a strategic owner/user or investor with an opportunity to acquire an asset given the growing imbalance between rising demand and limited supply of flex warehouse buildings in one the nation’s top gateway markets.

Investment Highlights

  • Great location, just off Okeechobee Rd and near major highways
  • Strategically located off Okeechobee Rd between FL Turnpike and Palmetto Expressway
  • BU-2 Special Zoning District
  • Land Value is Approx. $3M/AC
  • Five miles from the future American Dream Mall

Exclusively Listed By

Financing By

Office Warehouse

8833 NW 107th St

Listing Price: $7,500,000

Cap Rate
4.27%
Gross SF
38,020
Price/Gross SF
$197.26
Lot Size
2.69 acres
Year Built
1985
Rentable SF
38,020

Investment Highlights

  • Great location, just off Okeechobee Rd and near major highways
  • Strategically located off Okeechobee Rd between FL Turnpike and Palmetto Expressway
  • BU-2 Special Zoning District
  • Land Value is Approx. $3M/AC
  • Five miles from the future American Dream Mall

Investment Overview

Marcus & Millichap is proud to present the sale of 8833 NW 107th St, a flex warehouse located in Hialeah Gardens, FL, just off Okeechobee Road. This industrial building is situated on a 2.69-acre parcel of land and offers 38,076 square-feet of rentable space. The property was built in 1985 and very well maintained by the current owner, as well as renovated in 2008. This is a perfect owner/user or investor opportunity as the building lends itself for single tenant use or can be easily converted to a multi-tenant office/industrial property. The property is currently occupied by a church and four tenants on month-to-month leases generating just over $20k but may be delivered vacant at closing. The land value for the subject itself is estimated to be seven million dollars. The property is an industrial warehouse built with a twin-T roof, 16 feet clear height and six drive in doors. Additionally, the building is also equipped with a 3-phase power system and approximately 70% of the property is covered by the +/- 60 ton new air conditioning system. This offering presents a strategic owner/user or investor with an opportunity to acquire an asset given the growing imbalance between rising demand and limited supply of flex warehouse buildings in one the nation’s top gateway markets.

Exclusively Listed By

Financing By

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