18331 1st Ave ,Industrial for Sale

18331 1st Ave for Sale

Price $2,750,000.00

• Lot size 17962
• Year Build 1968
• Waterfront
• Zip 33179
• Style
• Parking Description Free Parking, Guest
• Pool Yes
• Status Active

Description

Potential 9% IRR over 10 years for this Value-add & reposition 4-bay Industrial (IU-1) freestanding warehouse offering off 183rd Street | Miami Gardens Drive, Miami, FL. Increase to market rents as leases turn over. Desirable central location in Miami Gardens submarket across from the Publix Distribution Warehouse and just off I-95 north of the Golden Glades Interchange between Miami & Fort Lauderdale Airports & Ports. Within driving distance to Miami Gardens Square Shopping Mall, MasTec Miami Gardens Service Center, Miami Dade County Transit NE Division, & Walmart Super Center. See attached OM or text name and email to Broker for OM.

Please download attached OM and Survey for Review. Leases available during due diligence in contract along with 40 year recert & roof work & warranty documentation. Great potential value add and reposition where rents are sub-market. Potential $800,000 to $1.2 mm in potential upside. See OM for details and proforma.

1 52 41 FULFORDALE ADD NO 1 SEC B PB 9-97 LOTS 8 THRU 11 BLK 1 LOT SIZE 17962 SQUARE FEET OR 18953-1177 1299 5 COC 23533-0449 06 2005 4

Corner Lot, Near Airport, Near Seaport

Potential 9% IRR over 10 years for this Value-add & reposition 4-bay Industrial (IU-1) freestanding warehouse offering off 183rd Street | Miami Gardens Drive, Miami, FL. Increase to market rents as leases turn over. Desirable central location in Miami Gardens submarket across from the Publix Distribution Warehouse and just off I-95 north of the Golden Glades Interchange between Miami & Fort Lauderdale Airports & Ports. Within driving distance to Miami Gardens Square Shopping Mall, MasTec Miami Gardens Service Center, Miami Dade County Transit NE Division, & Walmart Super Center. See attached OM or text name and email to Broker for OM.

City:Miami,Roof:1:Wood Truss/Rafter,Zoning:7100,List A O R:A-Miami Association of REALTORS,Stories:1,Tax Year:2023,Electric:1:220 Volts,Latitude:25.8751207,List Price:2750000,Listing Id:A11522924,Longitude:-80.1959894,Mls Status:Active,Ownership:Self Proprietor/Individual,Year Built:1968,Directions:Please download attached OM and Survey for Review. Leases available during due diligence in contract along with 40 year recert & roof work & warranty documentation.,Inclusions:Building & Land,Leases,Postal Code:33179,Street Name:1st Ave,Coordinates:1:25.8751207,Lot Features:1:Near Airport,2:Near Seaport,Photos Count:8,Building Name:Miami Gardens 4 Bay Industrial,Business Type:1:Warehouse Space,Days On Market:15,Listing Terms:1:Conventional/Refinance,Lot Size Acres:0.41,Lot Size Units:Square Feet,M I A M I R E_ Area:21,On Market Date:2024-01-29,Parcel Number:30-21-01-008-0050,Parking Total:12,Property Type:Commercial Sale,Stories Total:1,Street Number:18331,Public Remarks:Potential 9% IRR over 10 years for this Value-add & reposition 4-bay Industrial (IU-1) freestanding warehouse offering off 183rd Street | Miami Gardens Drive, Miami, FL. Increase to market rents as leases turn over. Desirable central location in Miami Gardens submarket across from the Publix Distribution Warehouse and just off I-95 north of the Golden Glades Interchange between Miami & Fort Lauderdale Airports & Ports. Within driving distance to Miami Gardens Square Shopping Mall, MasTec Miami Gardens Service Center, Miami Dade County Transit NE Division, & Walmart Super Center. See attached OM or text name and email to Broker for OM.,County Or Parish:Miami-Dade County,Frontage Length:108,List Office Name:Douglas Elliman,Private Remarks:Please download attached OM and Survey for Review. Leases available during due diligence in contract along with 40 year recert & roof work & warranty documentation. Great potential value add and reposition where rents are sub-market. Potential $800,000 to $1.2 mm in potential upside. See OM for details and proforma.,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:Back On Market,Parking Features:1:Guest,Postal Code Plus4:4417,Property Sub Type:Industrial,State Or Province:FL,Street Dir Prefix:NE,Tax Annual Amount:21222,Unparsed Address:18331 NE 1st Ave, Miami FL 33179,Listing Agreement:Exclusive Right To Sell,Year Built Details:Resale,Building Area Total:11420,Building Area Units:Square Feet,Lot Size Dimensions:108x166,Lot Size Square Feet:17962,Number Of Buildings:1,Original List Price:2750000,Public Survey Range:21,I D X Participation Y N:1,Syndication Remarks:Potential 9% IRR over 10 years for this Value-add & reposition 4-bay Industrial (IU-1) freestanding warehouse offering off 183rd Street | Miami Gardens Drive, Miami, FL. Increase to market rents as leases turn over. Desirable central location in Miami Gardens submarket across from the Publix Distribution Warehouse and just off I-95 north of the Golden Glades Interchange between Miami & Fort Lauderdale Airports & Ports. Within driving distance to Miami Gardens Square Shopping Mall, MasTec Miami Gardens Service Center, Miami Dade County Transit NE Division, & Walmart Super Center. See attached OM or text name and email to Broker for OM.,Listing Contract Date:2024-01-29,Originating System I D:miamire,Public Survey Section:1,Street Number Numeric:18331,Tax Legal Description:1 52 41 FULFORDALE ADD NO 1 SEC B PB 9-97 LOTS 8 THRU 11 BLK 1 LOT SIZE 17962 SQUARE FEET OR 18953-1177 1299 5 COC 23533-0449 06 2005 4,Electric On Property Y N:1,Public Survey Township:21,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Internet Remarks:Potential 9% IRR over 10 years for Value-add/reposition 4-bay freestanding warehouse off 183rd Street | Miami Gardens Drive, Miami, FL.,M I A M I R E_ Showing Time Flag:1,Contract Status Change Date:2024-01-29,Internet Address Display Y N:1,Number Of Units In Community:4,Dual Variable Compensation Y N:1,Transaction Broker Compensation:2%,Internet Entire Listing Display Y N:1,M I A M I R E_ Compensation Disclaimer:BBC: 2%, The offer of compensation is made only to participants of the MLS where the listing is filed.,Transaction Broker Compensation Type:%,