571-587 W 28th St
Hialeah, FL 33010
Industrial Property For Sale

Marcus & Millichap, as exclusive listing agents, are pleased to present a two-folio multi-bay Industrial Warehouse at 571-581 W 28th ST, located in the highly sought-after submarket of Hialeah, Florida. The subject properties consists of 16,000 square-feet of gross leasable space, situated on 20,352 square-feet of land. Originally constructed in 1961 and fully renovated in 2018 with a new roof, electrical, plumbing, impact windows, concrete slab, roll-up doors, and bathrooms. Currently, the property is 75 percent occupied and all the leases are short-term with below market rents, allowing for immediate upside on new leases. Hialeah is one of the most fundamentally sound real estate markets in the state. While a sub-market of Miami Dade, Hialeah is the sixth largest city in Florida with a population of over 225,000 people within a confined infill area of only 21 square miles. Hialeah is home to the largest Spanish-speaking community in the United States. This has attracted many companies to Hialeah, such as Telemundo, the second largest Spanish-language television network in the United States.