TBD 128th Ave 0.95 Acres of Industrial Land Offered at $4,200,000 in Sweetwater, FL 33182

Rare Sweetwater industrial development site offered at $4,200,000. The approximately 41,363 SF tract comprises two folios and is positioned near major freight corridors and Miami International Airport. The current conceptual plan depicts a 17,442 SF warehouse divided into two approximately 8,721 SF bays, 28-foot clear height and 20 parking spaces.The pre-construction phase is nearing completion. Civil drawings have been prepared, including water and sewer design and related site-development plans, giving a buyer a meaningful head start toward development. All plans, utility connections, permits, and governmental approvals remain subject to buyer verification and final agency approval.
The attached pro forma models a buyer's completed basis and stabilized return using $150/SF hard construction costs, a 24-month development and stabilization period, $390,491 projected stabilized NOI and a 5.02% cap-equivalent yield at the asking price.
Property is being marketed as land in pre-development. The warehouse, dimensions, unit configuration, clear height, parking count, costs, timing, rents, NOI and returns are conceptual or modeled only. They are not representations that the improvements are existing, permitted, approved, guaranteed or achievable. Buyer must independently verify zoning, wetlands, utilities, entitlements, approvals, costs and development feasibility.