Warehouse

151st Street Small Bay

2330 NW 151st St, Opa-locka, FL 33054

Listing Price: $3,200,000

Cap Rate
5.83%
Gross SF
24,000
Price/Gross SF
$133.33
Lot Size
0.92 acres
Year Built
1973
Rentable SF
24,000

Investment Overview

Marcus & Millichap, as exclusive advisor, is pleased to present for sale 151st Street Small-
Bay Warehouse, located at 2330 NW 151st ST (the Property) a 24,000-square-foot small-bay
warehouse property situated on 0.92 acres and located in Miami, Florida. The property is comprised
of 12 small-bay warehouses spaces each consisting of 2,000 square feet. The Property has historically
operated at or near capacity with current occupancy at 100 percent consisting of 10 total tenants within
ideally configured spaces. The Property is approved for auto, which is difficult to obtain and creates
exception leverage for the landlord knowing the tenants have few options in the market. The high
barriers to entry for this use will allow a new owner to push rental rates and command a premium for
space. The well-maintained asset has a strong loyal tenant base, in the event, that space ever becomes
available, it's immediately filled at a higher rent due to huge demand for the product.

Investment Highlights

  • Ideal Small-Bay Configuration with Unit Sizes of 2,000 SF
  • Rare Approval for Auto Use Commanding a Premium For Space in the Market
  • Exceptional Local Market Fundamentals with Under 3.0 Percent Current Vacancy Rate
  • Strong Leasing Market Provides Additional Upside for Future Rent Growth
  • Well Maintained Asset with Freshly Painted Facade
  • Ideal location near Golden Glades Interchange, the Palmetto Expressway

Exclusively Listed By

Listing Price: $3,200,000

Cap Rate
5.83%
Gross SF
24,000
Price/Gross SF
$133.33
Lot Size
0.92 acres
Year Built
1973
Rentable SF
24,000

Investment Highlights

  • Ideal Small-Bay Configuration with Unit Sizes of 2,000 SF
  • Rare Approval for Auto Use Commanding a Premium For Space in the Market
  • Exceptional Local Market Fundamentals with Under 3.0 Percent Current Vacancy Rate
  • Strong Leasing Market Provides Additional Upside for Future Rent Growth
  • Well Maintained Asset with Freshly Painted Facade
  • Ideal location near Golden Glades Interchange, the Palmetto Expressway

Investment Overview

Marcus & Millichap, as exclusive advisor, is pleased to present for sale 151st Street Small-
Bay Warehouse, located at 2330 NW 151st ST (the Property) a 24,000-square-foot small-bay
warehouse property situated on 0.92 acres and located in Miami, Florida. The property is comprised
of 12 small-bay warehouses spaces each consisting of 2,000 square feet. The Property has historically
operated at or near capacity with current occupancy at 100 percent consisting of 10 total tenants within
ideally configured spaces. The Property is approved for auto, which is difficult to obtain and creates
exception leverage for the landlord knowing the tenants have few options in the market. The high
barriers to entry for this use will allow a new owner to push rental rates and command a premium for
space. The well-maintained asset has a strong loyal tenant base, in the event, that space ever becomes
available, it's immediately filled at a higher rent due to huge demand for the product.

Exclusively Listed By

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