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Income Generating Investment Property7050 NE 3rd Avenue, Miami, FL 33138
FOR SALE
DWNTWN REALTY ADVISORSA Commercial Brokerage Firm
Jordan Gimelstein P.A. // [email protected] // (P) 305.647.0980
David Spitz // Senior [email protected] // (P) 305.647.0984
© DWNTWN Realty Advisors, LLC. This information has been secured by DWNTWN Realty Advisors, LLC. from sources believed to be reliable. It is not guaranteed, however, andshould be verified prior to consummating any transaction. No representations expressed or implied.
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OPPORTUNITY OVERVIEW
DWNTWN Realty Advisors has been retained on an exclusive basis to arrange the sale of the flex warehouse buildinglocated at 7050 NE 3rd Avenue in the Little River Business District. The subject property provides an investor with theopportunity to purchase a cash flowing investment property in an up and coming sub-market of Miami. The building isdivided into micro spaces to provide for the strong tenant demand for smaller spaces. The property is strategicallylocated along NE 71st Street in the center of Little River and only a short distance to Ironside, MiMo/Biscayne Corridor,Rail 71 and The Citadel with numerous restaurants and creative tenants moving into the area.
PROPERTY HIGHLIGHTS
• Located within a Qualified Opportunity Zone
• Easy access to all major thoroughfares including I-95
• Centrally located within minutes from Aventura, Design District, Wynwood, Midtown, Miami International Airport,and the Beaches.
• NE 71st Street Frontage
OFFERING SUMMARY
Sale Price: $1,890,000
Pro Forma Cap Rate: 6.35%
Pro Forma NOI: $119,989.00
Building Size: 6,761 SF
Lot Size: 9,000 SF
Price / SF: $279.54
Year Built: 1959
Zoning: D-2
Type: Flex Space
Location: Little River
7050 NE 3rd AvenueMiami, FL 33138
EXECUTIVE SUMMARYWeb. dwntwnrealtyadvisors.comLinkedIn. DWNTWNRealtyAdvisorsInstagram. DWNTWNRealtyAdvisors
DWNTWN REALTY ADVISORSA Commercial Brokerage Firm
Jordan Gimelstein P.A. // [email protected] // (P) 305.647.0980
David Spitz // Senior [email protected] // (P) 305.647.0984
© DWNTWN Realty Advisors, LLC. This information has been secured by DWNTWN Realty Advisors, LLC. from sources believed to be reliable. It is not guaranteed, however, andshould be verified prior to consummating any transaction. No representations expressed or implied.
View Inventory
Page 3
7050 NE 3rd AvenueMiami, FL 33138
FINANCIALSWeb. dwntwnrealtyadvisors.comLinkedIn. DWNTWNRealtyAdvisorsInstagram. DWNTWNRealtyAdvisors
DWNTWN REALTY ADVISORSA Commercial Brokerage Firm
Jordan Gimelstein P.A. // [email protected] // (P) 305.647.0980
David Spitz // Senior [email protected] // (P) 305.647.0984
© DWNTWN Realty Advisors, LLC. This information has been secured by DWNTWN Realty Advisors, LLC. from sources believed to be reliable. It is not guaranteed, however, andshould be verified prior to consummating any transaction. No representations expressed or implied.
View Inventory
Page 4
1
6916 NE 4TH AVE
Miami, FL 33138
$1,700,000Sale Price: 6,000 SFLot Size:
4,569 SFBuilding SF: $372.07Price PSF:
12/01/2015Closed:
1
2
7142 NE 2ND AVE
Miami, FL 33138
$2,300,000Sale Price: 9,025 SFLot Size:
6,776 SFBuilding SF: $339.43Price PSF:
09/14/2018Closed:
2
3
300 NE 60TH ST
Miami, FL 33138
$6,901,800Sale Price: 25,000 SFLot Size:
19,872 SFBuilding SF: $347.31Price PSF:
12/11/2017Closed:
3
7050 NE 3rd AvenueMiami, FL 33138
SALE COMPSWeb. dwntwnrealtyadvisors.comLinkedIn. DWNTWNRealtyAdvisorsInstagram. DWNTWNRealtyAdvisors
DWNTWN REALTY ADVISORSA Commercial Brokerage Firm
Jordan Gimelstein P.A. // [email protected] // (P) 305.647.0980
David Spitz // Senior [email protected] // (P) 305.647.0984
© DWNTWN Realty Advisors, LLC. This information has been secured by DWNTWN Realty Advisors, LLC. from sources believed to be reliable. It is not guaranteed, however, andshould be verified prior to consummating any transaction. No representations expressed or implied.
View Inventory
Page 5
7050 NE 3rd AvenueMiami, FL 33138
PROPERTY PHOTOSWeb. dwntwnrealtyadvisors.comLinkedIn. DWNTWNRealtyAdvisorsInstagram. DWNTWNRealtyAdvisors
DWNTWN REALTY ADVISORSA Commercial Brokerage Firm
Jordan Gimelstein P.A. // [email protected] // (P) 305.647.0980
David Spitz // Senior [email protected] // (P) 305.647.0984
© DWNTWN Realty Advisors, LLC. This information has been secured by DWNTWN Realty Advisors, LLC. from sources believed to be reliable. It is not guaranteed, however, andshould be verified prior to consummating any transaction. No representations expressed or implied.
View Inventory
Page 6
7050 NE 3rd AvenueMiami, FL 33138
INTERIOR PHOTOSWeb. dwntwnrealtyadvisors.comLinkedIn. DWNTWNRealtyAdvisorsInstagram. DWNTWNRealtyAdvisors
DWNTWN REALTY ADVISORSA Commercial Brokerage Firm
Jordan Gimelstein P.A. // [email protected] // (P) 305.647.0980
David Spitz // Senior [email protected] // (P) 305.647.0984
© DWNTWN Realty Advisors, LLC. This information has been secured by DWNTWN Realty Advisors, LLC. from sources believed to be reliable. It is not guaranteed, however, andshould be verified prior to consummating any transaction. No representations expressed or implied.
View Inventory
Page 7
7050 NE 3rd AvenueMiami, FL 33138
LOCATION MAPSWeb. dwntwnrealtyadvisors.comLinkedIn. DWNTWNRealtyAdvisorsInstagram. DWNTWNRealtyAdvisors
DWNTWN REALTY ADVISORSA Commercial Brokerage Firm
Jordan Gimelstein P.A. // [email protected] // (P) 305.647.0980
David Spitz // Senior [email protected] // (P) 305.647.0984
© DWNTWN Realty Advisors, LLC. This information has been secured by DWNTWN Realty Advisors, LLC. from sources believed to be reliable. It is not guaranteed, however, andshould be verified prior to consummating any transaction. No representations expressed or implied.
View Inventory
Page 8
7050 NE 3rd AvenueMiami, FL 33138
ACCESSWeb. dwntwnrealtyadvisors.comLinkedIn. DWNTWNRealtyAdvisorsInstagram. DWNTWNRealtyAdvisors
DWNTWN REALTY ADVISORSA Commercial Brokerage Firm
Jordan Gimelstein P.A. // [email protected] // (P) 305.647.0980
David Spitz // Senior [email protected] // (P) 305.647.0984
© DWNTWN Realty Advisors, LLC. This information has been secured by DWNTWN Realty Advisors, LLC. from sources believed to be reliable. It is not guaranteed, however, andshould be verified prior to consummating any transaction. No representations expressed or implied.
View Inventory
Page 9
7050 NE 3rd AvenueMiami, FL 33138
LOCATION CONTEXTWeb. dwntwnrealtyadvisors.comLinkedIn. DWNTWNRealtyAdvisorsInstagram. DWNTWNRealtyAdvisors
DWNTWN REALTY ADVISORSA Commercial Brokerage Firm
Jordan Gimelstein P.A. // [email protected] // (P) 305.647.0980
David Spitz // Senior [email protected] // (P) 305.647.0984
© DWNTWN Realty Advisors, LLC. This information has been secured by DWNTWN Realty Advisors, LLC. from sources believed to be reliable. It is not guaranteed, however, andshould be verified prior to consummating any transaction. No representations expressed or implied.
View Inventory
Page 10
7050 NE 3rd AvenueMiami, FL 33138
LOCATION CONTEXTWeb. dwntwnrealtyadvisors.comLinkedIn. DWNTWNRealtyAdvisorsInstagram. DWNTWNRealtyAdvisors
DWNTWN REALTY ADVISORSA Commercial Brokerage Firm
Jordan Gimelstein P.A. // [email protected] // (P) 305.647.0980
David Spitz // Senior [email protected] // (P) 305.647.0984
© DWNTWN Realty Advisors, LLC. This information has been secured by DWNTWN Realty Advisors, LLC. from sources believed to be reliable. It is not guaranteed, however, andshould be verified prior to consummating any transaction. No representations expressed or implied.
View Inventory
Page 11
7050 NE 3rd AvenueMiami, FL 33138
REGIONAL TENANTSWeb. dwntwnrealtyadvisors.comLinkedIn. DWNTWNRealtyAdvisorsInstagram. DWNTWNRealtyAdvisors
DWNTWN REALTY ADVISORSA Commercial Brokerage Firm
Jordan Gimelstein P.A. // [email protected] // (P) 305.647.0980
David Spitz // Senior [email protected] // (P) 305.647.0984
© DWNTWN Realty Advisors, LLC. This information has been secured by DWNTWN Realty Advisors, LLC. from sources believed to be reliable. It is not guaranteed, however, andshould be verified prior to consummating any transaction. No representations expressed or implied.
View Inventory
Page 12
7050 NE 3rd AvenueMiami, FL 33138
REGIONAL TENANTSWeb. dwntwnrealtyadvisors.comLinkedIn. DWNTWNRealtyAdvisorsInstagram. DWNTWNRealtyAdvisors
DWNTWN REALTY ADVISORSA Commercial Brokerage Firm
Jordan Gimelstein P.A. // [email protected] // (P) 305.647.0980
David Spitz // Senior [email protected] // (P) 305.647.0984
© DWNTWN Realty Advisors, LLC. This information has been secured by DWNTWN Realty Advisors, LLC. from sources believed to be reliable. It is not guaranteed, however, andshould be verified prior to consummating any transaction. No representations expressed or implied.
View Inventory
Page 13
7050 NE 3rd AvenueMiami, FL 33138
REGIONAL TENANTSWeb. dwntwnrealtyadvisors.comLinkedIn. DWNTWNRealtyAdvisorsInstagram. DWNTWNRealtyAdvisors
DWNTWN REALTY ADVISORSA Commercial Brokerage Firm
Jordan Gimelstein P.A. // [email protected] // (P) 305.647.0980
David Spitz // Senior [email protected] // (P) 305.647.0984
© DWNTWN Realty Advisors, LLC. This information has been secured by DWNTWN Realty Advisors, LLC. from sources believed to be reliable. It is not guaranteed, however, andshould be verified prior to consummating any transaction. No representations expressed or implied.
View Inventory
Page 14
7050 NE 3rd AvenueMiami, FL 33138
THE NEIGHBORHOODWeb. dwntwnrealtyadvisors.comLinkedIn. DWNTWNRealtyAdvisorsInstagram. DWNTWNRealtyAdvisors
CONTACT
This information has been secured by DWNTWN Realty Advisors, LLC. from sources believed to be reliable. It is not guaranteed, however, and should be verified prior to consummating any transaction.No representations expressed or implied.
Jordan Gimelstein P.A. David SpitzExecutive Senior Executive
(C) 305.610.3711 (C) 917.882.8772
(O) 305.647.0980 (O) 305.647.0984
