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2220 SW 60th Ter 4,300 SF 100% Leased Industrial Building Miramar, FL 33023 $1,575,000 ($366.28/SF) 5.60% Cap Rate
Investment Highlights
- Miramar Industrial Property
- Large Fenced-In Lot
- Perfect for an Investor!
- Great Location just off SR-441!
- 5.6% CAP Rate!
Executive Summary
This freestanding industrial warehouse in prime Miramar offers excellent accessibility to major routes including SR-441, the Turnpike, I-95, and I-75. The property features a large fenced lot with ample outdoor storage, secure parking, and flexible space suitable for a variety of industrial or automotive uses permitted by the City of Miramar. Currently 100% occupied under full-service gross leases, Unit A (±2,950 SF + outdoor lot) is used for satellite equipment repairs and future food-related projects, while Unit B (±1,350 SF) supports equipment storage and material distribution. The property generates a gross income of $108,864 and nets $87,505 annually, offering investors a 5.6% capitalization rate.
Property Facts
| Price | $1,575,000 | Lot Size | 0.27 AC |
| Price Per SF | $366.28 | Rentable Building Area | 4,300 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 5.60% | Year Built | 1968 |
| Property Type | Industrial | Parking Ratio | 4.21/1,000 SF |
| Property Subtype | Manufacturing | Clear Ceiling Height | 14’ |
| Building Class | C | No. Drive In / Grade-Level Doors | 1 |
| Zoning | SD | ||
| Price | $1,575,000 |
| Price Per SF | $366.28 |
| Sale Type | Investment |
| Cap Rate | 5.60% |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | C |
| Lot Size | 0.27 AC |
| Rentable Building Area | 4,300 SF |
| No. Stories | 1 |
| Year Built | 1968 |
| Parking Ratio | 4.21/1,000 SF |
| Clear Ceiling Height | 14’ |
| No. Drive In / Grade-Level Doors | 1 |
| Zoning | SD |
Amenities
- Fenced Lot
1 1
Walk Score®
Very Walkable (70)
Property Taxes
| Parcel Number | 51-41-24-01-0290 | Improvements Assessment | $608,440 |
| Land Assessment | $139,280 | Total Assessment | $747,720 |
Property Taxes
Parcel Number
51-41-24-01-0290
Land Assessment
$139,280
Improvements Assessment
$608,440
Total Assessment
$747,720
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