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Industrial-Flex Warehouse Creative-Office 6899 NE 4th Ave

20,000 SF 100% Leased Industrial Building Miami, FL 33138 £7,061,611 (£353/SF) 6.20% Net Initial Yield

Investment Highlights

  • Perfect for owner-users and investors looking to capitalize on the area's growth potential
  • Qualified Opportunity Zone (D2 Zoning)
  • Strategically located miniutes from the Design District, Magic City, Biscayne Corridor, and Miami Beach.
  • Upgrades include HVAC, impact-resistant windows, epoxy flooring, and a fire sprinkler system.
  • Irreplaceable valuable asset in strategically location in Little River Business District

Executive Summary

This fully renovated warehouse in the heart of Little River offers an exceptional opportunity for businesses seeking versatile warehouse, flex, or creative office space. The property features 18-foot ceilings, dock-high roll-up doors, drive-in ramps, and a spacious mezzanine level. Upgrades include HVAC, impact-resistant windows, epoxy flooring, and a fire sprinkler system. Ideally located in one of Miami’s fastest-growing neighborhoods, the property is well-suited for businesses in need of storage and distribution capabilities. It is just steps from the proposed Magic City Innovation District, and offers convenient access to Miami Beach, Wynwood, and the Miami Design District. Perfect for both owner-users and investors looking to capitalize on the area's growth potential, this property presents a prime opportunity in a highly sought-after location.

Data Room Click Here to Access

Financial Summary (Pro forma - 2024) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Net Operating Income - -

Financial Summary (Pro forma - 2024) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual -
Annual Per SF -

Property Facts

Price £7,061,611
Price Per SF £353
Sale Type Investment or Owner User
Net Initial Yield 6.20%
Property Type Industrial
Property Subtype
Warehouse
  • Light Industrial Showroom
  • Industrial Distribution
  • Industrial Service
Building Class C
Lot Size 0.69 AC
Rentable Building Area 20,000 SF
Number of Floors 1
Year Built/Renovated 1956/2021
Parking Ratio 0.35/1,000 SF
Clear Ceiling Height 18 ft
No. Dock-High Doors/Loading 6
Level Access Doors 2
Opportunity Zone Yes

Amenities

  • Front Loading
  • Mezzanine
  • Security System
  • Air Conditioning

Utilities

  • Lighting
  • Gas
  • Water
  • Sewer
  • Heating

MAJOR TENANTS Click Here to Access

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • LGNDS LLC
  • Wholesaler
  • 99,999 SF
  • -
  • Lorem Ipsum
  • -
  • The Classic Motor Company
  • Management of Companies and Enterprises
  • 99,999 SF
  • -
  • Lorem Ipsum
  • -
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
LGNDS LLC Wholesaler 99,999 SF - Lorem Ipsum -
The Classic Motor Company Management of Companies and Enterprises 99,999 SF - Lorem Ipsum -

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Fl - 6897 A
  • 3,300 SF
  • Light Industrial
  • Full Build-Out
  • 60 Days
  • 1st Fl - 6899
  • 11,000 SF
  • Industrial
  • -
  • 60 Days
Space Size Space Use Condition Available
1st Fl - 6897 A 3,300 SF Light Industrial Full Build-Out 60 Days
1st Fl - 6899 11,000 SF Industrial - 60 Days

1st Fl - 6897 A

Size
3,300 SF
Space Use
Light Industrial
Condition
Full Build-Out
Available
60 Days

1st Fl - 6899

Size
11,000 SF
Space Use
Industrial
Condition
-
Available
60 Days

1st Fl - 6897 A

Size 3,300 SF
Space Use Light Industrial
Condition Full Build-Out
Available 60 Days

Walk Score ®
Very Walkable (83)
Bike Score ®
Very Bikeable (74)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
01-3218-020-0351
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£2,025,603

zoning

Zoning Code D2 (Industrial District D-2 zoning)
D2 (Industrial District D-2 zoning)
  • Listing ID: 33993203

  • Date on Market: 25/11/2024

  • Last Updated:

  • Address: 6899 NE 4th Ave, Miami, FL 33138

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