For Sale
$9,150,000

5395 165Th StMiami Gardens, FL 33014

36,000 SF Multi-Tenant Warehouse, $9.15M

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional 36,000-square-foot freestanding warehouse in Miami Gardens, Florida, presents a unique investment opportunity. Located at 5395 NW 165th St, 33014, this Class B industrial property, built in 1975 and renovated in 1989, sits on a 63,653-square-foot lot. The single-story building features 21'-22' ceiling heights, four dock-high doors, and four loading docks, ensuring efficient operations. Currently 100% occupied by three tenants under a modified month-to-month lease with 4% annual rent bumps, the property offers a strong cash flow. The sale includes a leaseback option, providing flexibility for various investment strategies. The property boasts 1200 amps of power and new impact windows. Zoned for light industrial use, this property offers ample parking for up to 55 vehicles. The asking price is $9,150,000, or $254.17 per square foot, with a price per unit of $3,133,333.33. This fee-simple ownership presents an ideal opportunity for owner-users, user-investors, or investors seeking a strong return on investment. The leaseback option is negotiable and can be structured to suit various needs. The seller is open to leasing back 7,500 to 10,500 square feet or 18,000 square feet, with a potential 3.5-year lease term at $16.00 per square foot, subject to negotiation.

Highlights

  • 36,000 SF freestanding warehouse in Miami Gardens, FL.
  • Class B industrial property on a 63,653 SF lot, built in 1975, renovated in 1989.
  • Features 21'-22' ceilings, four dock-high doors, four loading docks, and ample parking for 55 vehicles.
  • Currently 100% occupied with three tenants on modified month-to-month leases with 4% annual rent increases.
  • $9,150,000 asking price ($254.17/SF); Leaseback option available, negotiable.

Property Details for 5395 165Th St

Property type
Warehouses, Industrial properties
Square Feet
36,000 SF
Class
B
Year Built/Renovated
1975/1989
Buildings
1
Stories
1
Units
3

Location Insight

City
Miami Gardens
County
Miami-Dade
State
Florida
Latitude
25.923096183173
Longitude
-80.287909225559
5395 165Th St, Miami Gardens, Florida

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
5395 165Th St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message