6721 NW 36th Ave
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6721 NW 36th Ave
59,161 SF Industrial Building Miami, FL 33147 £10,351,058 (£175/SF) 5.43% Net Initial Yield
INVESTMENT HIGHLIGHTS
- 6721 NW 36th Avenue offers a sizable, move-in-ready, and partially air-conditioned warehouse facility with IU2 zoning in the heart of South Florida.
- Building features include 16- to 20-foot clear heights, 10 dock-high doors, one drive-in ramp, and a fire sprinkler system.
- With fully fenced and secure outside storage areas (IOS) on excess land, this industrial facility is poised for continued growth and success.
- Current ownership has invested over $1.6 million in capital improvements, enhancing the property's overall functionality and value.
- Completed in March 2023, the full roof replacement comes with a new 15-year warranty, providing assurance for occupants and future ownership.
- Central location with direct access to major thoroughfares, including Florida’s Turnpike, and nearly adjacent to the Miami International Airport.
EXECUTIVE SUMMARY
6721 NW 36th Avenue is a versatile 59,161-square-foot industrial facility, available for sale or lease, offering significant value for both options. Situated on 2.62 acres, the property provides ample excess acreage for outdoor storage (IOS), employee parking, and fleet accommodations, making it ideal for manufacturers, wholesalers, or light distributors. The fully fenced and secured warehouse includes 10 dock-high doors, one drive-in ramp, and clear heights ranging from 16 to 20 feet, with a partially air-conditioned warehouse and fire sprinkler system. Adjacent rail access further enhances its logistical capabilities. Ownership has invested over $1.6 million in capital improvements, including critical infrastructure enhancements, modernization of facilities, and efficiency optimizations, ensuring the property meets current industry standards.
For owner/users, this property offers a move-in-ready solution with immediate access to critical infrastructure, minimizing downtime and upfront capital investment. For investors, 6721 NW 36th Avenue presents a strategic investment opportunity with potential long-term returns, benefiting from its prime location and flexible layout. Located just 19 minutes from Miami International Airport (MIA) and with convenient access to major thoroughfares like Florida's Turnpike, the property connects to a population of over 1.6 million within a 10-mile radius. Positioned within Miami's robust industrial market, 6721 NW 36th Avenue leverages the region's strong tenant demand and workforce availability, making it an ideal choice for businesses seeking turnkey warehouse space in a thriving economic hub.
For owner/users, this property offers a move-in-ready solution with immediate access to critical infrastructure, minimizing downtime and upfront capital investment. For investors, 6721 NW 36th Avenue presents a strategic investment opportunity with potential long-term returns, benefiting from its prime location and flexible layout. Located just 19 minutes from Miami International Airport (MIA) and with convenient access to major thoroughfares like Florida's Turnpike, the property connects to a population of over 1.6 million within a 10-mile radius. Positioned within Miami's robust industrial market, 6721 NW 36th Avenue leverages the region's strong tenant demand and workforce availability, making it an ideal choice for businesses seeking turnkey warehouse space in a thriving economic hub.
SALE FLYER
PROPERTY FACTS
AMENITIES
- 24 Hour Access
- Fenced Lot
- Air Conditioning
UTILITIES
- Water - City
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
6721 NW 36th Avenue is a 59,161-square-foot fully equipped warehouse benefitting over $1.6 million in capital improvements.
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 27,822-59,161 SF | Industrial | Partial Build-Out | Now |
1st Floor
| Size |
| 27,822-59,161 SF |
| Space Use |
| Industrial |
| Condition |
| Partial Build-Out |
| Available |
| Now |
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1st Floor
| Size | 27,822-59,161 SF |
| Space Use | Industrial |
| Condition | Partial Build-Out |
| Available | Now |
6721 NW 36th Avenue is a 59,161-square-foot fully equipped warehouse benefitting over $1.6 million in capital improvements.
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ABOUT HIALEAH
Hialeah and neighboring Medley are among Miami’s most important industrial areas in terms of inventory size and connectivity. Most industrial properties are clustered in the southeast nearer to Interstate 95, which provides Hialeah industrial tenants with access to the entire East Coast.
Miami-Dade and Broward counties are accessible within a one-hour drive, and this connectivity via some of Florida’s major highway arteries, along with proximity to major ports and airports, makes Hialeah attractive to industrial tenants.
Industries with presence in the area include transportation and logistics companies, business services and some manufacturing companies.
DEMOGRAPHICS
REGIONAL ACCESSIBILITY
CITY
POPULATION
MILES
DRIVE TIME
Miami
470,914
5
0 h 12 m
Hialeah
238,942
6
0 h 12 m
Orlando
285,713
230
4 h 23 m
Saint Petersburg
265,098
262
4 h 50 m
Tampa
392,890
277
5 h 9 m
Jacksonville
903,889
345
6 h 32 m
ACCESS AND LABOR FORCE
10 MILES
Total Population
1,734,347
Total Labor Force
913,449
Unemployment Rate
2.00%
Median Household Income
$55,788
Warehouse Employees
122,059
High School Education Or Higher
83.40%
$ values in USD
NEARBY AMENITIES
RESTAURANTS |
|||
|---|---|---|---|
| Mar Azul Cafeteria | Mexican | - | 4 min walk |
| Laurita Cafeteria | Cafe | £ | 6 min walk |
| Florida Fresh Seafood | Seafood | - | 11 min walk |
| Ginnybakes | - | - | 15 min walk |
| Stephen's Restaurant | Sandwiches | £££ | 15 min walk |
| McDonald's | - | - | 15 min walk |
RETAIL |
||
|---|---|---|
| 7-Eleven | Convenience Market | 12 min walk |
| Macy's | Other Retail | 12 min walk |
| Dollar General | Dollar/Variety/Thrift | 14 min walk |
| Amazon | Other Retail | 14 min walk |
| Bank of America | Bank | 14 min walk |
HOTELS |
|
|---|---|
| Embassy Suites by Hilton |
318 rooms
7 min drive
|
| Hampton by Hilton |
127 rooms
8 min drive
|
| Staybridge Suites |
153 rooms
9 min drive
|
| Marriott |
371 rooms
11 min drive
|
| AC Hotels by Marriott |
153 rooms
12 min drive
|
| aloft Hotel |
125 rooms
12 min drive
|
PROPERTY TAXES
| Parcel Number | 30-3116-010-0140 | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £3,892,289 |
PROPERTY TAXES
Parcel Number
30-3116-010-0140
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£3,892,289
ZONING
| Zoning Code | IU-2 (Industrial, Heavy Manufacturing Zoning District) |
| IU-2 (Industrial, Heavy Manufacturing Zoning District) |
ABOUT THE SELLER
Read More
OTHER PROPERTIES IN THE THE O'DONNELL GROUP PORTFOLIO
SALE ADVISORS
SALE ADVISORS
Skylar Stein, Managing Director
(305) 533-2867
Contact
Skylar joined Cushman & Wakefield in November 2011 as part of the Industrial Services Group in Cincinnati, OH. He then joined the South Florida Industrial Team in Miami in 2016. Skylar specializes in
industrial properties, offering landlord and tenant representation in sales and leasing throughout. He is
dedicated to diligently working with clients regarding real estate strategies and solutions to optimize business operations.
His occupier representation responsibilities include site selection, lease analysis, lease comparison, and lease/purchase contract negotiation. He understands reporting requirements, budgeting, underwriting,
acquisition and disposition efforts. He represents owners of multi-tenant, private, and institutionally owned buildings.
industrial properties, offering landlord and tenant representation in sales and leasing throughout. He is
dedicated to diligently working with clients regarding real estate strategies and solutions to optimize business operations.
His occupier representation responsibilities include site selection, lease analysis, lease comparison, and lease/purchase contract negotiation. He understands reporting requirements, budgeting, underwriting,
acquisition and disposition efforts. He represents owners of multi-tenant, private, and institutionally owned buildings.
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6721 NW 36th Ave
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