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Office Warehouse

Miami Production Studio

15221 NE 21st Ave, North Miami Beach, FL 33162

Listing Price: $3,250,000

Cap Rate
3.08%
Gross SF
11,000
Price/Gross SF
$295.45
Lot Size
0.44 acres
Year Built
1963
Rentable SF
11,000

Investment Overview

Marcus & Millichap is pleased to exclusively offer the sale of 15221 NE 21st Avenue, North Miami Beach, FL 33162. Since 1978, Great Southern Studios has been creating production magic here in Miami. The property consists of multiple film & music studios, a large set design & construction workshop, cyc walls, a sound stage, office space, conference room and much more. This 11,000 square foot property, zoned B-4 – Light Industrial, was one of Miami’s first production studios to open its doors for business and has become a well-known staple in the industry for almost 45 years. The property sits on a 19,250 square foot lot, which is nestled conveniently between US-1 and W. Dixie Highway in the heart of an economic opportunity zone. The current operators are leaving, making this a perfect turn-key opportunity for anyone looking to operate their production studio business in sunny Miami, FL. The sale price includes the property, along with the inventory and equipment you will find listed in this offering memorandum (p. 16). The area consists of a total population of 193,949 within a 3-mile radius and walking distance to the proposed North Miami Beach Tri-Rail Coastal link Station. This Tri-Rail station will link with Downtown Miami’s Brightline station all the way to Orlando, FL, completely changing the way people travel and experience Miami. The subject property lies only a short distance south of the North Miami Beach Community Redevelopment boundary, which provides focused economic development implementation on behalf of the city. Throughout this ongoing process, the city is investing heavily in the improvements of its infrastructure such as the drainage and sewer systems, updating its fiber optic internet system and changing certain zoning codes to create a better flow for the surrounding transient-oriented mixed-use developments.

Investment Highlights

  • 11,000 square foot industrial property in the heart of an economic opportunity zone.
  • Built-to-suit for a production facility (i.e. Multiple studios, set design workshop, sound stage, electric roll-up doors, office space, conference room, etc.)
  • Conveniently located between US-1 and W. Dixie Highway
  • Recently completed 40-year recertification

Exclusively Listed By

Financing By

Office Warehouse

Miami Production Studio

Listing Price: $3,250,000

Cap Rate
3.08%
Gross SF
11,000
Price/Gross SF
$295.45
Lot Size
0.44 acres
Year Built
1963
Rentable SF
11,000

Investment Highlights

  • 11,000 square foot industrial property in the heart of an economic opportunity zone.
  • Built-to-suit for a production facility (i.e. Multiple studios, set design workshop, sound stage, electric roll-up doors, office space, conference room, etc.)
  • Conveniently located between US-1 and W. Dixie Highway
  • Recently completed 40-year recertification

Investment Overview

Marcus & Millichap is pleased to exclusively offer the sale of 15221 NE 21st Avenue, North Miami Beach, FL 33162. Since 1978, Great Southern Studios has been creating production magic here in Miami. The property consists of multiple film & music studios, a large set design & construction workshop, cyc walls, a sound stage, office space, conference room and much more. This 11,000 square foot property, zoned B-4 – Light Industrial, was one of Miami’s first production studios to open its doors for business and has become a well-known staple in the industry for almost 45 years. The property sits on a 19,250 square foot lot, which is nestled conveniently between US-1 and W. Dixie Highway in the heart of an economic opportunity zone. The current operators are leaving, making this a perfect turn-key opportunity for anyone looking to operate their production studio business in sunny Miami, FL. The sale price includes the property, along with the inventory and equipment you will find listed in this offering memorandum (p. 16). The area consists of a total population of 193,949 within a 3-mile radius and walking distance to the proposed North Miami Beach Tri-Rail Coastal link Station. This Tri-Rail station will link with Downtown Miami’s Brightline station all the way to Orlando, FL, completely changing the way people travel and experience Miami. The subject property lies only a short distance south of the North Miami Beach Community Redevelopment boundary, which provides focused economic development implementation on behalf of the city. Throughout this ongoing process, the city is investing heavily in the improvements of its infrastructure such as the drainage and sewer systems, updating its fiber optic internet system and changing certain zoning codes to create a better flow for the surrounding transient-oriented mixed-use developments.

Exclusively Listed By

Financing By

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