For Sale
$4,200,000

10401 186Th St Miami, FL 33157

17,734 SF Warehouse, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional Miami industrial property, located at 10401 SW 186th St, offers 17,734 square feet of versatile warehouse and manufacturing space across five units. Currently boasting 100% month-to-month occupancy, this presents a significant opportunity for owner-users or investors. Built in 1983 and situated on a 27,105 square foot lot, the property features 16' to 20' ceiling heights, street-level loading with four overhead rolling doors, and ample parking for 19 vehicles. The building's exterior is a blend of painted concrete block, stucco, and brick, while the roof comprises a built-up cover over concrete tees and barrel tile mansard. Interior features include central air conditioning in the office and restaurant areas, diverse lighting, and a well-maintained asphalt-paved parking and loading area. The property is zoned for industrial use and includes a leased billboard, adding to its income potential. A completed 40-year certification will be provided. The asking price is $4,200,000, representing a 7.13% cap rate and a pro-forma cap rate of 8.59%, with a current NOI of $299,566. This free-standing building is ideally suited for a variety of industrial uses.

Highlights

  • Free-standing, 17,734 SF multi-tenant industrial building.
  • Five units on month-to-month leases.
  • 1983 construction, industrially zoned; 16'-20' ceiling height.
  • 100% month-to-month occupancy; 7.98% pro-forma cap rate, 7.13% current cap rate.
  • $4,200,000 asking price; $236.83/SF; $299,566 NOI.

Property Details for 10401 186Th St

Property type
Warehouses, Industrial properties
Square Feet
17,734 SF
Year Built
1983
Units
5

Location Insight

City
Miami
County
Miami-Dade
State
Florida
Latitude
25.5964191
Longitude
-80.3608019

FAQs

What type of property is this?
Warehouse - 17,734 SF Warehouse, High ROI
Where is the warehouse located?
The property is located at 10401 186Th St Miami, FL.
What is the asking price?
The asking price for this property is $4,200,000.
What are key features of this property?
This property features: Free-standing, 17,734 SF multi-tenant industrial building.; Five units on month-to-month leases.; 1983 construction, industrially zoned; 16'-20' ceiling height.
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 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 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].
10401 186Th 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