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Sale Leaseback - Creative Flex Bldg 300-320 NE 60th St 18,895 SF 100% Leased Industrial Building Miami, FL 33137 $13,000,000 ($688.01/SF) 5.22% Cap Rate
INVESTMENT HIGHLIGHTS
- 18 Parking Spaces Total
- Stabilized Cash Flow with Future Development Opportunity
- 6 Parking Spaces per Building, on site & gated
- Across from The Magic City Innovation District-Little Haiti's vertical mixed-use development, Sixty Uptown, breaking ground 2025
EXECUTIVE SUMMARY
Metro 1 Commercial is proud to present 300-320 NE 60 St, Miami, FL (“The Property”) for sale. The Property features three warehouses, recently built in 2017, with a total of 18,895 SF of building on a 25,000 SF lot.
Located across from the Master-Planned Magic City Innovation District - Little Haiti in Little River/Little Haiti, a rapidly growing neighborhood currently undergoing a transformation from industrial to creative office, retail, restaurants, breweries, showrooms, and other creative uses, as well as incoming vertical mixed-use developments.
Recently named the coolest neighborhood in Miami by Timeout Magazine, Little River/Little Haiti is home to Miami’s best restaurant, Sunny’s Steakhouse; one of the city’s top entertainment venues, ZeyZey; the largest padel club in the US, Ultra Padel; Michelin-starred restaurant Boia De; and Bib Gourmand restaurant La Natural. Other cool businesses include Imperial Moto Cafe, Fooq’s, Magic 13 Brewing Co., Citadel Food Hall, Magie, Tran An, Raw Fit, Mid’s Market, Counter Culture Coffee, Eliou, Ogawa, Bar Bucce, Fiorito, and 727 Pilates, to name a few.
On the horizon, several master-planned projects and individual developers are set to break ground on vertical mixed-use developments. The Magic City Innovation District Little Haiti is about to break ground with Sixty Uptown, located directly across the street from The Property. Sixty Uptown will feature 349 luxury rental units. AJ Capital is planning a massive mixed-use project in the 27 acres they own, which currently house a number of the concepts previously mentioned. Cedar Street has just broken ground on its first Florida project in the neighborhood, featuring 191 design-forward units. Additional projects are also in progress, including Swerdlow’s mega project, Yakol’s HOUSE by Shigeru Ban, and Midtown Capital’s 348-unit project.
This presents an opportunity to acquire a property with stabilized cash flow while the surrounding area continues to evolve, allowing for a future redevelopment with improved rents or vertical development.
Located across from the Master-Planned Magic City Innovation District - Little Haiti in Little River/Little Haiti, a rapidly growing neighborhood currently undergoing a transformation from industrial to creative office, retail, restaurants, breweries, showrooms, and other creative uses, as well as incoming vertical mixed-use developments.
Recently named the coolest neighborhood in Miami by Timeout Magazine, Little River/Little Haiti is home to Miami’s best restaurant, Sunny’s Steakhouse; one of the city’s top entertainment venues, ZeyZey; the largest padel club in the US, Ultra Padel; Michelin-starred restaurant Boia De; and Bib Gourmand restaurant La Natural. Other cool businesses include Imperial Moto Cafe, Fooq’s, Magic 13 Brewing Co., Citadel Food Hall, Magie, Tran An, Raw Fit, Mid’s Market, Counter Culture Coffee, Eliou, Ogawa, Bar Bucce, Fiorito, and 727 Pilates, to name a few.
On the horizon, several master-planned projects and individual developers are set to break ground on vertical mixed-use developments. The Magic City Innovation District Little Haiti is about to break ground with Sixty Uptown, located directly across the street from The Property. Sixty Uptown will feature 349 luxury rental units. AJ Capital is planning a massive mixed-use project in the 27 acres they own, which currently house a number of the concepts previously mentioned. Cedar Street has just broken ground on its first Florida project in the neighborhood, featuring 191 design-forward units. Additional projects are also in progress, including Swerdlow’s mega project, Yakol’s HOUSE by Shigeru Ban, and Midtown Capital’s 348-unit project.
This presents an opportunity to acquire a property with stabilized cash flow while the surrounding area continues to evolve, allowing for a future redevelopment with improved rents or vertical development.
PROPERTY FACTS
AMENITIES
- Fenced Lot
- Mezzanine
- Air Conditioning
Walk Score®
Very Walkable (86)
Bike Score®
Very Bikeable (89)
PROPERTY TAXES
| Parcel Number | 01-3218-016-0110 | Improvements Assessment | $1,398,763 |
| Land Assessment | $2,250,000 | Total Assessment | $3,648,763 |
PROPERTY TAXES
Parcel Number
01-3218-016-0110
Land Assessment
$2,250,000
Improvements Assessment
$1,398,763
Total Assessment
$3,648,763
CONTACTS
-
Andres Nava -
Daniella Sutnick -
Djinji Brown -
Bernardita Banfi -
Metro 1 Commercial
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Sale Leaseback - Creative Flex Bldg | 300-320 NE 60th St
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