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2955 NW 75th St 9,938 SF Industrial Building Miami, FL 33147 $2,676,717 CAD ($269.34 CAD/SF) 7.69% Cap Rate



Investment Highlights
- Prime location with direct access to all major transportation routes
- Versatile property suitable for both owner-users and investors with a flexible floor plan
- Affordable acquisition with a competitive price per square foot
- Just minutes away from Miami International Airport and Port Miami
- Expansive rear lot offering potential for increased rental income through Industrial Outdoor Storage
- Equipped with multiple loading doors, including dock-high access
Executive Summary
Marcus & Millichap is pleased to present 2955 Northwest 75th Street, a 9,938-square-foot industrial facility located in Miami's West Little River district. Offered at $1,975,000 ($198.73 per SF), this property sits on a 0.77-acre parcel and features an Industrial Outdoor Storage (IOS) yard, providing a unique opportunity for logistics operations. The building offers a flexible floor plan with dock-high loading and enhanced electrical capacity, making it ideal for owner-users or single tenants needing secured outdoor storage.
Positioned just 0.2 miles south of the Northwest 79th Street corridor, the property offers immediate access to major highways, including Interstate 95, which is 2.5 miles away, and Miami International Airport, just 5.2 miles to the southeast. This central location allows for rapid transit across Miami-Dade County and provides a strategic advantage for logistics and distribution users, with access to a growing labor pool and the broader South Florida market.
Offered at a competitive price, the property provides investors with a 7.69% pro forma cap rate upon stabilization. With its unique features, including scarce outdoor storage and flexible space, this asset offers immediate upside through lease-up. The property’s location in a high-demand, supply-constrained corridor further enhances its long-term value and appeal for both investors and owner-users.
Positioned just 0.2 miles south of the Northwest 79th Street corridor, the property offers immediate access to major highways, including Interstate 95, which is 2.5 miles away, and Miami International Airport, just 5.2 miles to the southeast. This central location allows for rapid transit across Miami-Dade County and provides a strategic advantage for logistics and distribution users, with access to a growing labor pool and the broader South Florida market.
Offered at a competitive price, the property provides investors with a 7.69% pro forma cap rate upon stabilization. With its unique features, including scarce outdoor storage and flexible space, this asset offers immediate upside through lease-up. The property’s location in a high-demand, supply-constrained corridor further enhances its long-term value and appeal for both investors and owner-users.
Property Facts
| Price | $2,676,717 CAD | Lot Size | 0.77 AC |
| Price Per SF | $269.34 CAD | Rentable Building Area | 9,938 SF |
| Sale Type | Investment or Owner User | No. Stories | 1 |
| Cap Rate | 7.69% | Year Built | 1974 |
| Sale Condition | High Vacancy Property | Tenancy | Single |
| Property Type | Industrial | Clear Ceiling Height | 18’ |
| Property Subtype | Warehouse | No. Drive In / Grade-Level Doors | 1 |
| Building Class | C | Opportunity Zone |
Yes
|
| Zoning | IU-2 | ||
| Price | $2,676,717 CAD |
| Price Per SF | $269.34 CAD |
| Sale Type | Investment or Owner User |
| Cap Rate | 7.69% |
| Sale Condition | High Vacancy Property |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.77 AC |
| Rentable Building Area | 9,938 SF |
| No. Stories | 1 |
| Year Built | 1974 |
| Tenancy | Single |
| Clear Ceiling Height | 18’ |
| No. Drive In / Grade-Level Doors | 1 |
| Opportunity Zone |
Yes |
| Zoning | IU-2 |
1 1
Walk Score®
Very Walkable (71)
Property Taxes
| Parcel Number | 30-3109-011-0020 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,359,375 CAD |
Property Taxes
Parcel Number
30-3109-011-0020
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,359,375 CAD
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2955 NW 75th St
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