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The Campus at Little River 297 NE 67th St

33,204 SF Industrial Building Miami, FL 33138 £10,178,100 (£307/SF) 5.64% Net Initial Yield

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Investment Highlights

Acquire a Class A creative core plus NNN flex industrial investment with an impressive tenant roster in one of the country's trendiest neighborhoods.
Solid remaining weighted average lease term presents stability and the potential for future rent growth through renewals or space reconfiguration.
Brightline expansion will improve accessibility between Miami, Fort Lauderdale, and other Florida cities, supporting Little River's growth.

Its ideal end-cap block-to-block positioning with a central Little River address enhances tenants' visibility and establishes prominence in the area.
Little River offers exceptional value compared to high-profile areas like Wynwood and Midtown, making it an attractive destination for innovators.

Executive Summary

This Class A creative flex industrial property is a core-plus NNN investment located in Little River, one of Miami's most rapidly growing neighborhoods. The asset features an impressive tenant roster, including the headquarters for Betr, a leading sports betting platform, and Locust Projects, a renowned local nonprofit art space. With a solid remaining weighted average lease term, this property offers stability and potential for future rent growth through lease renewals or reconfiguring spaces into smaller units, capitalizing on the under-market rents in this dynamic area.

Little River has been recognized as one of the top 10 coolest neighborhoods in the country by the New York Post, among other publications. This vibrant district has become a hub for arts, culture, and creative industries, offering exceptional value compared to high-profile areas like Wynwood, Midtown, and the Miami Design District. As a local creative business district, Little River attracts innovative tenants and provides an ideal environment for businesses seeking growth and community in Miami.

Notable nearby businesses and amenities include The Citadel, a 30,000-square-foot food hall with office space, and Ironside, a mixed-use building featuring restaurants, offices, and retailers. Additionally, Magic City is a 170,000-square-foot development expanding to include residential units and over two million square feet of office and retail space. The proximity to the new Brightline expansion enhances accessibility between Miami, Fort Lauderdale, and other key Florida cities, supporting Little River's growth and attracting more creative spaces, restaurants, and retailers.

297 NE 67th Street - The Campus at Little River

Property Facts

Price	£10,178,100	Rentable Building Area	33,204 SF
Price Per SF	£307	Number of Floors	1
Sale Type	Investment NNN	Year Built	1952
Net Initial Yield	5.64%	Tenancy	Single
Property Type	Industrial	Parking Ratio	3.57/1,000 SF
Property Subtype	Warehouse Showroom OfficeLoft Creative Space	No. Dock-High Doors/Loading	1
Building Class	B	Level Access Doors	2
Lot Size	0.93 AC	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	£10,178,100
Price Per SF	£307
Sale Type	Investment NNN
Net Initial Yield	5.64%
Property Type	Industrial
Property Subtype	Warehouse Showroom OfficeLoft Creative Space
Building Class	B
Lot Size	0.93 AC
Rentable Building Area	33,204 SF
Number of Floors	1
Year Built	1952
Tenancy	Single
Parking Ratio	3.57/1,000 SF
No. Dock-High Doors/Loading	1
Level Access Doors	2
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Amenities

Mezzanine

Water
Sewer

betr
Arts, Entertainment, and Recreation
99,999 SF
-
Lorem Ipsum
-

Arts, Entertainment, and Recreation
99,999 SF
-
Lorem Ipsum
Jan 0000

Founded in 1998, Locust Projects is Miami’s leading alternative nonprofit art space, dedicated to nurturing experimental contemporary art. It provides artists with a platform to create and exhibit new, site-specific projects without the constraints of traditional art venues. Through its innovative exhibitions, public programs, and artist residencies, Locust Projects encourages risk-taking and supports emerging and mid-career artists in expanding the boundaries of their work. Now located in Miami’s Little River District, it serves as an incubator for new art and ideas.

Tenant	Industry	SF OCCUPIED	RENT/SF	Lease Type	Lease End
betr	Arts, Entertainment, and Recreation	99,999 SF	-	Lorem Ipsum	-
	Arts, Entertainment, and Recreation	99,999 SF	-	Lorem Ipsum	Jan 0000