5395 165Th StMiami Gardens, FL 33014

Property Details for 5395 165Th St

Year built

1975

Construction

CONCRETE

Lot size

1.46 AC

Property size (Sq ft)

34,339 SF

Zone code

7100:INDUSTRIAL,LIGHT MFG

Property type

Industrial properties

Property subtype

Other warehouses

APN

34-2118-008-0011

APU

3421180080011

Description

This exceptional 36,000-square-foot freestanding warehouse in Miami Gardens, Florida, presents a unique investment opportunity. Located at 5395 NW 165th St, 33014, this Class B industrial property, built in 1975 and renovated in 1989, sits on a 63,653-square-foot lot. The single-story building features 21'-22' ceiling heights, four dock-high doors, and four loading docks, ensuring efficient operations. Currently 100% occupied by three tenants under a modified month-to-month lease with 4% annual rent bumps, the property offers a strong cash flow. The sale includes a leaseback option, providing flexibility for various investment strategies. The property boasts 1200 amps of power and new impact windows. Zoned for light industrial use, this property offers ample parking for up to 55 vehicles. The asking price is $9,150,000, or $254.17 per square foot, with a price per unit of $3,133,333.33. This fee-simple ownership presents an ideal opportunity for owner-users, user-investors, or investors seeking a strong return on investment. The leaseback option is negotiable and can be structured to suit various needs. The seller is open to leasing back 7,500 to 10,500 square feet or 18,000 square feet, with a potential 3.5-year lease term at $16.00 per square foot, subject to negotiation.

• Alternative Use

  Use

  Valuation

  Residential

  $11,143,927

  Hospitality

  $10,207,778

  Educational

  $8,492,751

  Medical

  $8,784,830

  Retail

  $13,210,946

Location Insight

City

Miami Lakes

County

Miami-dade

State

Florida

Latitude

25.9235

Longitude

-80.288

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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