2.54 Acres ± 59,772 Square Feet on 2.54 Acres Multi-Tenant Commercial Building For Sale Palmetto Expressway & N.W. 103 Street Fully Leased Great Investment Opportunity! Westland Mall Palmetto Expressway Interchange Howard Johnson Hotel Mater Academy Sale Price $6,950,000.00 ($116.28/psf) Centrally Located in Hialeah Gardens: Minutes to Airport, I-75, Metro Rail, Florida s Turnpike, Okeechobee Road (US 27) Adjoins Municipalities of Hialeah, Hialeah Gardens, Miami Lakes, Doral, Medley Great Area Restaurants and Shopping on Heavily Trafficked Commercial Corridor Flex, Retail & Warehouse Space, Liberal Commercial Zoning, Great Existing Tenants Nearby: Westland Mall Mater Academy Howard Johnson Hotel Palmetto General Hospital Best Buy Office Depot Wal-Mart Home Depot Exclusively Listed By: Infinity Commercial Real Estate Ted Konigsberg, SIOR ted@infinitycommercial.net Office: 786-210-5640 Fax: 786-524-7885 www.infinitycommercial.net
Property Tax Folios: 27-3003-001-0031 & 27-3003-001-0046 Street Addresses: 7878-7880 N.W. 103rd Street 10015-10017 N.W. 79th Avenue 10101 N.W. 79th Avenue Hialeah Gardens Florida 33016 Primary Zone: IN-1 Light Industrial Primary Use: 6600 Liberal Commercial An Irreplaceable Location In The Center of It All: Miami Lakes, Hialeah, Doral, Medley One of the Most Heavily Trafficked Highways In Florida Development Friendly Hialeah Gardens Jurisdiction Two Tax Folios, Four Tenant Suites: Great Tenant Mix, Some Leases with Corporate or Personal Guarantees, Significant Upside: Below Market Rents Current Tenants: Leases Through 2019 and Beyond! Rentable Square Feet (includes covered yard space) Maaco Collision Repair & Auto Painting 23,255 SF ITG Communications 21,445 SF JD Marble & Tile/Vision Specialty Care 17,905 SF Meineke Auto Care Center 8,000 SF 23,340 14,500 FDOT Traffic Map 12,500 57,500 W 49th Street NW 79 Avenue Palmetto Expwy 228,000 At asking price, Cap Rate is 5.5% for 2017; and rises to 6.25% in 2020. Tremendous upside as leases roll over. Property taxes and insurance paid by Landlord; all other expenses and maintenance paid by tenants This information is believed to be accurate, and has been obtained from sources deemed to be reliable. All information should be verified
This information is believed to be accurate, and has been obtained from sources deemed to be reliable. All information should be verified
This information is believed to be accurate, and has been obtained from sources deemed to be reliable. All information should be verified
MIAMI LAKES MIAMI OPA- LOCKA EXEC. AIRPORT HIALEAH GARDENS WESTLAND MALL HIALEAH MEDLEY DORAL DOLPHIN MALL DOWNTOWN MIAMI PORT OF MIAMI The Subject is located just off the Palmetto Expressway at the 103rd Street exit; one of the most vibrant commercial corridors in Miami-Dade County. To the East, 103rd Street contains very dense retail, service and office development. To the West, there s U.S. 27, the long haul truckers route that serves the center and out-of-state commercial transportation requirements of South Florida industry. South is Miami International Airport and the City of Doral. North is the master planned township of Miami Lakes. The Subject s zoning permits multiple commercial uses, and the building s improvements and attributes range from retail frontage facing 103rd Street at the North end, to a fenced and gated industrial yard for truck parking and equipment storage at the South end, which is very hard to duplicate in the area. There is almost no open land in the neighborhood. Tenant demand for space ensures increasing rental returns and minimal vacancy as leases roll over. The high barriers to entry, multiple area amenities and access to major thoroughfares and surrounding markets generate tremendous demand in the Subject submarket. This Property is truly a buy and hold investment in an irreplaceable location! This information is believed to be accurate, and has been obtained from sources deemed to be reliable. All information should be verified