7250 NW 41st STREET MIAMI, FL
7250 NW 41st STREET MIAMI, FL
7250 NW 41st STREET MIAMI, FL
7250 NW 41st STREET MIAMI, FL
7250 NW 41st STREET MIAMI, FL
7250 NW 41st STREET MIAMI, FL
7250 NW 41st STREET MIAMI, FL
7250 NW 41st STREET MIAMI, FL
7250 NW 41st STREET MIAMI, FL
7250 NW 41st STREET MIAMI, FL
7250 NW 41st STREET MIAMI, FL
7250 NW 41st STREET MIAMI, FL
7250 NW 41st STREET MIAMI, FL
INDUSTRIAL WAREHOUSE
City:Miami
Land area:29,228 SF
Property Status:
For Sale
Property Summary
Description
Apex Capital Realty is bringing 7250 NW 41st Street to market, a multi-tenant, small-bay industrial asset in Miami’s Airport West submarket. Deals like this don’t sit long.
The property is 51% leased to two established automotive-service tenants, Lito Tires and Cuma Cars, occupying Bays A and B (9,740 SF combined) on month-to-month leases generating roughly $250,000 in current annual gross rent.
For an investor, the remaining 9,438 SF (Bays C-E) is vacant and ready for lease-up. At a conservative $20.00 PSF NNN, the property stabilizes at a proforma NOI of ±$427,000, a 7.2% return on the $5,950,000 ask ($310/PSF), with small-bay industrial inventory in this submarket nearly impossible to find.
For an owner-occupier, the play is just as strong, move your business into the vacant bays while Lito Tires and Cuma Cars’ ~$250,000 in in-place rent offsets most, if not all, of your carrying costs: debt service, taxes, insurance, and maintenance. With 30 on-site parking spaces and flexible IU-2 zoning, this is a rare shot at owning and occupying industrial real estate in one of Miami’s tightest infill corridors.
The property is 51% leased to two established automotive-service tenants, Lito Tires and Cuma Cars, occupying Bays A and B (9,740 SF combined) on month-to-month leases generating roughly $250,000 in current annual gross rent.
For an investor, the remaining 9,438 SF (Bays C-E) is vacant and ready for lease-up. At a conservative $20.00 PSF NNN, the property stabilizes at a proforma NOI of ±$427,000, a 7.2% return on the $5,950,000 ask ($310/PSF), with small-bay industrial inventory in this submarket nearly impossible to find.
For an owner-occupier, the play is just as strong, move your business into the vacant bays while Lito Tires and Cuma Cars’ ~$250,000 in in-place rent offsets most, if not all, of your carrying costs: debt service, taxes, insurance, and maintenance. With 30 on-site parking spaces and flexible IU-2 zoning, this is a rare shot at owning and occupying industrial real estate in one of Miami’s tightest infill corridors.
Lot & Building Size Breakdown:
TOTAL BUILDING SIZE:
19,178 SF
TOTAL LOT SIZE:
29,228 SF
Details
Property size: 19,178 SF
Property Status:
For Sale
Property Type: Industrial
Land Area: 29,228 SF
Address
City: Miami
Documents
7250 NW 41st St-Sale (2) 
Listing Agents
7250 NW 41st STREET MIAMI, FL
INDUSTRIAL WAREHOUSE
City:MIAMI
Land area:29,228 SF
Property Status:
For Sale
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Our contacts
APEX Capital Realty
561 NE 79 ST Suite 420 Miami, FL 33138
(305) 570-2600
info@apexcapitalrealty.com
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