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261 NW 71st St 12,500 SF Industrial Building Miami, FL 33150 $6,200,000 ($496/SF) 6.05% Cap Rate
Investment Highlights
- The 12,500 SF facility spans two addresses and currently functions as one integrated creative industrial operation.
- The improvements are internally connected today, providing operational connectivity while preserving future flexibility, subject to buyer diligence.
- At the $6.2 million list price, the proposed leaseback assumptions imply an approximately 6.05% pro forma capitalization rate.
- The asset combines office and client-facing space with functional warehouse and production capacity.
- Seller Financing may be available to qualified buyers
- The property is located within the Little River redevelopment corridor and in proximity to Swerdlow Group’s planned district-scale redevelopment.
Executive Summary
261 NW 71st Street offers the opportunity to acquire an already
modernized creative-industrial asset in the core of Little River, combining
polished office and client-facing space with functional warehouse and
production capacity.
The property spans 261 NW 71st St and 7120 NW 2nd Ct and currently
operates as one integrated creative industrial facility. A proposed short
term market rate seller leaseback can provide income during the buyer's
initial hold period, while seller financing may provide additional
transaction flexibility.
Situated in Little River, the property offers investors the ability to acquire a
usable, income-capable urban infill asset with existing office, client-facing,
warehouse and production functionality. Over the longer term, ownership
also provides exposure to continued public and private investment in the
surrounding neighborhood, including AJ Capital / MVW’s 25-acre Little
River platform, Swerdlow Group’s housing and commercial redevelopment,
and a planned new Tri-Rail station. These catalysts may support future
value creation while preserving flexibility around the property’s long-term
use and exit strategy.
modernized creative-industrial asset in the core of Little River, combining
polished office and client-facing space with functional warehouse and
production capacity.
The property spans 261 NW 71st St and 7120 NW 2nd Ct and currently
operates as one integrated creative industrial facility. A proposed short
term market rate seller leaseback can provide income during the buyer's
initial hold period, while seller financing may provide additional
transaction flexibility.
Situated in Little River, the property offers investors the ability to acquire a
usable, income-capable urban infill asset with existing office, client-facing,
warehouse and production functionality. Over the longer term, ownership
also provides exposure to continued public and private investment in the
surrounding neighborhood, including AJ Capital / MVW’s 25-acre Little
River platform, Swerdlow Group’s housing and commercial redevelopment,
and a planned new Tri-Rail station. These catalysts may support future
value creation while preserving flexibility around the property’s long-term
use and exit strategy.
Property Facts
| Price | $6,200,000 | Rentable Building Area | 12,500 SF |
| Price Per SF | $496 | No. Stories | 1 |
| Sale Type | Investment | Year Built | 1955 |
| Cap Rate | 6.05% | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 0.4/1,000 SF |
| Property Subtype | Showroom | Clear Ceiling Height | 14’ |
| Building Class | C | No. Drive In / Grade-Level Doors | 2 |
| Lot Size | 0.35 AC | Opportunity Zone |
Yes
|
| Zoning | 7000 Industrial-General - Industrial | ||
| Price | $6,200,000 |
| Price Per SF | $496 |
| Sale Type | Investment |
| Cap Rate | 6.05% |
| Property Type | Industrial |
| Property Subtype | Showroom |
| Building Class | C |
| Lot Size | 0.35 AC |
| Rentable Building Area | 12,500 SF |
| No. Stories | 1 |
| Year Built | 1955 |
| Tenancy | Single |
| Parking Ratio | 0.4/1,000 SF |
| Clear Ceiling Height | 14’ |
| No. Drive In / Grade-Level Doors | 2 |
| Opportunity Zone |
Yes |
| Zoning | 7000 Industrial-General - Industrial |
Amenities
- Conferencing Facility
- Signage
- Reception
- Breakroom
- Shower Facilities
Utilities
- Lighting - Halogen
- Gas
- Water - County
- Sewer - County
- Heating
1 1
Moderately walkable
70/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 01-3112-034-0080 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $837,947 |
Property Taxes
Parcel Number
01-3112-034-0080
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$837,947
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