Investment Overview

Marcus & Millichap is pleased to present for sale Allapattah Central, a prime industrial cold storage facility at 1395 & 1390 NW 22nd St, Miami, FL 33142. Spanning 14,801 square feet on 0.56 acres, the property consists of two lots across the street from each other—1395 NW 22nd St (0.4 acres) and 1390 NW 22nd St (0.16 acres). It can be delivered vacant or with a month-to-month tenant paying $6,000 per month. Built with reinforced concrete, the facility features high ceilings, dock-high and grade-level doors, three-phase power, and a modified ramp. Located in the Miami 21 D2 Industrial District, it offers easy access to major highways like I-95 and SR-836, ensuring seamless distribution. Miami’s industrial real estate market remains one of the nation’s strongest, with rental rates increasing 80.3% over the past three years. The city’s position as a logistics hub drives high occupancy and strong returns, while the scarcity of cold storage facilities enhances investment value. The nearby development of Point 27th highlights the sector’s increasing demand. Investors benefit from a tight market with rising rental prices and long-term appreciation potential. The property’s strategic location and existing infrastructure provide an immediate income-generating opportunity or a turnkey solution for owner-users. As Allapattah and Wynwood continue to develop, property values and business synergies are poised for sustained growth.