Warehouse

NoMi Industrial

12050 NE 14th Ave, North Miami, FL 33161

Listing Price: Request For Offer

Gross SF
51,131
Lot Size
5.60 acres
Year Built
1973
Rentable SF
51,131

Investment Overview

Marcus & Millichap, as exclusive advisor, is pleased to present for sale NOMI Industrial (the “Property”), a ±51,000-square-foot, value-add industrial warehouse property that presents a unique investment opportunity in North Miami, Florida. The building features concrete construction with maximum clear heights of approximately 18 feet. The Property is situated on nearly six acres and has exceptional parking with over 100 marked spaces, of which about one-quarter are extra-long truck and bus spaces, in addition to a large truck court that facilitates substantial additional parking potential. Approximately two-thirds of the Property is currently occupied by an automotive tenant space since 2015. The Property is located just west of Bal Harbour and Surfside in North Miami, a few blocks from the intersection of Biscayne Boulevard and Northeast 123rd Street. The North Miami Industrial submarket is one of the most highly sought-after industrial markets in Miami-Dade County, and the location offers unmatched accessibility to Interstate 95, Biscayne Blvd and the Florida Turnpike, providing easy commuting for tenants and clients. The Property presents a unique opportunity for an investor to acquire a cash flowing asset with a premium location, along with additional development upside.

Investment Highlights

  • Value-Add Industrial Property Strategically Located in the North Miami Beach Industrial Submarket
  • Nearly Six Acres, with Development Opportunity on the Vacant Parcel
  • Office Space Has Executive Finishes and Employee Break Room
  • Clear Heights of Approximately 18 Feet
  • Current Lease Rates Are Approximately 20 Percent Below Market
  • No Competitive, New, Industrial Developments in the Submarket

Exclusively Listed By

Listing Price: Request For Offer

Gross SF
51,131
Lot Size
5.60 acres
Year Built
1973
Rentable SF
51,131

Investment Highlights

  • Value-Add Industrial Property Strategically Located in the North Miami Beach Industrial Submarket
  • Nearly Six Acres, with Development Opportunity on the Vacant Parcel
  • Office Space Has Executive Finishes and Employee Break Room
  • Clear Heights of Approximately 18 Feet
  • Current Lease Rates Are Approximately 20 Percent Below Market
  • No Competitive, New, Industrial Developments in the Submarket

Investment Overview

Marcus & Millichap, as exclusive advisor, is pleased to present for sale NOMI Industrial (the “Property”), a ±51,000-square-foot, value-add industrial warehouse property that presents a unique investment opportunity in North Miami, Florida. The building features concrete construction with maximum clear heights of approximately 18 feet. The Property is situated on nearly six acres and has exceptional parking with over 100 marked spaces, of which about one-quarter are extra-long truck and bus spaces, in addition to a large truck court that facilitates substantial additional parking potential. Approximately two-thirds of the Property is currently occupied by an automotive tenant space since 2015. The Property is located just west of Bal Harbour and Surfside in North Miami, a few blocks from the intersection of Biscayne Boulevard and Northeast 123rd Street. The North Miami Industrial submarket is one of the most highly sought-after industrial markets in Miami-Dade County, and the location offers unmatched accessibility to Interstate 95, Biscayne Blvd and the Florida Turnpike, providing easy commuting for tenants and clients. The Property presents a unique opportunity for an investor to acquire a cash flowing asset with a premium location, along with additional development upside.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower