For Sale
$5,650,000

3230 42Nd StMiami, FL 33142

High-yield warehouse, NNN leases, excellent location.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional Miami warehouse, located at 3230 NW 42nd St, Miami, FL 33142, presents a compelling investment opportunity. Built in 1963, this industrial property offers 20,375.50 USD in monthly net-net-net (NNN) lease income from existing tenants. The property's street-level access ensures convenient loading and unloading, a significant advantage for warehouse operations. Its central Miami location provides easy access to major transportation routes, enhancing its logistical appeal and maximizing its potential for future growth. The asking price for this well-established warehouse is $5,650,000. This represents a strong return on investment given the current stable income stream generated by the NNN leases. The property's solid construction and established tenancy make it an attractive proposition for investors seeking a reliable and profitable addition to their portfolio. The property is classified as an industrial warehouse and is situated in Miami-Dade County, Florida. This prime location offers excellent accessibility and visibility, making it an ideal investment for both short-term and long-term growth. The property's strong financial performance and strategic location make it a highly desirable asset in the competitive Miami real estate market.

Highlights

  • Exceptional Miami warehouse investment opportunity at 3230 NW 42nd St, Miami, FL 33142.
  • $5,650,000 asking price with $20,375.50 monthly net-net-net (NNN) lease income.
  • Convenient street-level access and central Miami location for easy transportation.
  • Solid construction, established tenancy, and strong financial performance.

Property Details for 3230 42Nd St

Property type
Warehouses, Industrial properties
Year Built
1963

Location Insight

City
Miami
County
Miami-Dade
State
Florida
Latitude
25.8132486
Longitude
-80.2493283
3230 42Nd St, Miami, Florida

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3230 42Nd St
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