2320 SW 60th Way
Miramar, FL 33023
Industrial Property For Sale

7,165 square foot industrial building with large fenced in parking lot. Perfect building for your business and excellent investment opportunity for all investors. Property contains three seperate warehouse bays with offices, a large 2 bedroom 2 bathroom apartment upstairs and much more. One of the bays is being used as a City approved Church, there is fabric/purse manufacturer, a basic warehouse storage tenant, and large apartment. The total actual gross operating income is $86,400 per year netting $65,299 providing an investor with a strong 7.92% capitalization rate. The seller is using one of the bays and may not continue leasing after closing. The church is month to month, the small warehouse and upstairs apartment lease expire in April on 2019. Included in this offering is a pro-forma showing an investor can raise rents to market rates and increase noi which would provide a higher capitalization rate of 9.84%. Do not disturb existing tenants or property, all showings are by appointment only.