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2220 SW 60th Ter 4,300 SF 100% Leased Industrial Building Miramar, FL 33023 $2,160,900 CAD ($502.53 CAD/SF) 5.60% Cap Rate
INVESTMENT HIGHLIGHTS
- Miramar Industrial Property
- Large Fenced-In Lot
- Perfect for an Investor!
- Great Location just off SR-441!
- 5.6% CAP Rate!
EXECUTIVE SUMMARY
This freestanding industrial warehouse in prime Miramar offers excellent accessibility to major routes including SR-441, the Turnpike, I-95, and I-75. The property features a large fenced lot with ample outdoor storage, secure parking, and flexible space suitable for a variety of industrial or automotive uses permitted by the City of Miramar. Currently 100% occupied under full-service gross leases, Unit A (±2,950 SF + outdoor lot) is used for satellite equipment repairs and future food-related projects, while Unit B (±1,350 SF) supports equipment storage and material distribution. The property generates a gross income of $108,864 and nets $87,505 annually, offering investors a 5.6% capitalization rate.
PROPERTY FACTS
| Price | $2,160,900 CAD | Lot Size | 0.27 AC |
| Price Per SF | $502.53 CAD | Rentable Building Area | 4,300 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 5.60% | Year Built | 1968 |
| Property Type | Industrial | Parking Ratio | 4.21/1,000 SF |
| Property Subtype | Manufacturing | Clear Ceiling Height | 14’ |
| Building Class | C | No. Drive In / Grade-Level Doors | 1 |
| Zoning | SD | ||
| Price | $2,160,900 CAD |
| Price Per SF | $502.53 CAD |
| Sale Type | Investment |
| Cap Rate | 5.60% |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | C |
| Lot Size | 0.27 AC |
| Rentable Building Area | 4,300 SF |
| No. Stories | 1 |
| Year Built | 1968 |
| Parking Ratio | 4.21/1,000 SF |
| Clear Ceiling Height | 14’ |
| No. Drive In / Grade-Level Doors | 1 |
| Zoning | SD |
AMENITIES
- Fenced Lot
1 1
Walk Score®
Very Walkable (70)
PROPERTY TAXES
| Parcel Number | 51-41-24-01-0290 | Improvements Assessment | $752,089 CAD |
| Land Assessment | $191,092 CAD | Total Assessment | $943,181 CAD |
PROPERTY TAXES
Parcel Number
51-41-24-01-0290
Land Assessment
$191,092 CAD
Improvements Assessment
$752,089 CAD
Total Assessment
$943,181 CAD
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2220 SW 60th Ter
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