For Sale
$4,275,000

274 24Th StHialeah, FL 33010

Three 5,000 SF warehouses, 100% occupied.

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional investment opportunity presents three adjacent, meticulously maintained warehouses totaling 15,000 square feet in Hialeah, Florida. Each freestanding building boasts 5,000 square feet of well-designed space, featuring double doors, double bays, and impressive 18-foot ceilings. The property offers convenient truck access and ample on-site parking. Currently 100% occupied by three tenants under a gross lease with a remaining lease term of approximately 1.1 years (expiring January 12, 2026), this property provides immediate cash flow. Located in Miami-Dade County's thriving industrial hub, the property benefits from its strategic location, strong rental demand, and proximity to major transportation routes. The M-1 zoning allows for diverse industrial uses, including manufacturing, warehousing, and distribution. With six loading docks and a total of 18 parking spaces, this property is well-equipped to handle significant operational needs. The asking price is $4,275,000, translating to $285 per square foot and $1,425,000 per unit. The 19,350 square foot lot and the buildings, constructed in 1958, present a compelling value-add opportunity in a rapidly growing market, offering significant potential for long-term growth and lucrative returns. The current tenants provide a stable cash flow, with the potential for substantial rent increases upon lease renewal. This is a rare opportunity to acquire a well-maintained, high-demand industrial property in a prime Hialeah location.

Highlights

  • Prime Hialeah location in thriving industrial hub.
  • Stable cash flow from 100% occupied, triple-net leased warehouses (1.1 years remaining).
  • High rental demand in Hialeah's booming industrial market.
  • Versatile industrial space suitable for manufacturing, warehousing, or distribution; M-1 zoning.
  • Excellent access to major transportation routes.
  • Well-maintained buildings with 15,000 SF total, 18' ceilings, 6 loading docks, and 18 parking spaces.

Property Details for 274 24Th St

Property type
Warehouses, Industrial properties
Square Feet
15,000 SF
Year Built
1958
Buildings
3
Units
3

Location Insight

City
Hialeah
County
Miami-Dade
State
Florida
Latitude
25.8433253
Longitude
-80.2875753
274 24Th St, Hialeah, Florida

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274 24Th St
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