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The Parts House 3035 NW 40th St 10,500 SF Industrial Building Miami, FL 33142 $4,246,194 CAD ($404.40 CAD/SF) 5.81% Cap Rate
Investment Highlights
- Rare 10,500 SF Miami Net Leased Industrial Investment Property Located Just East of Miami Airport
- TPH is a Wholly Owned Subsidiary of Marubeni Corporation, a Japanese Company with Market Capitalization of $60 Billion
- Building Located on NW 40th Street Just West of NW 27th Avenue and East of Miami International Airport
- The Parts House Tenant is a 200 Location National Auto Parts Dealer With Recently Extended 5 Year Base Term
- Ideal Net Lease Structure with No Landlord Responsibilities and Aggressive 3% Annual Base Rental Increases
Property Facts
| Price | $4,246,194 CAD | Rentable Building Area | 10,500 SF |
| Price Per SF | $404.40 CAD | No. Stories | 1 |
| Sale Type | Investment | Year Built | 1966 |
| Cap Rate | 5.81% | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 1.43/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 16’ |
| Building Class | C | No. Dock-High Doors/Loading | 1 |
| Lot Size | 0.41 AC | No. Drive In / Grade-Level Doors | 1 |
| Zoning | IU-1 - Industrial | ||
| Price | $4,246,194 CAD |
| Price Per SF | $404.40 CAD |
| Sale Type | Investment |
| Cap Rate | 5.81% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.41 AC |
| Rentable Building Area | 10,500 SF |
| No. Stories | 1 |
| Year Built | 1966 |
| Tenancy | Single |
| Parking Ratio | 1.43/1,000 SF |
| Clear Ceiling Height | 16’ |
| No. Dock-High Doors/Loading | 1 |
| No. Drive In / Grade-Level Doors | 1 |
| Zoning | IU-1 - Industrial |
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Wholesaler
- -
- $14.38 CAD
- Industrial Gross
- Feb 2031
The Parts House, « TPH » est l'un des plus importants distributeurs d'entrepôts de pièces automobiles de haute qualité dans le sud-est des États-Unis et les Caraïbes, exploitant des installations en Floride, en Géorgie et à Porto Rico. La société a été fondée en 1970 et a évolué au fil des ans grâce à quatre changements de propriétaire. En 2002, l'équipe de gestion de longue date a formé un partenariat (TPH Acquisition, LLLP) pour acheter les actifs de la société. TPH a récemment fait des acquisitions stratégiques de distributeurs en Floride qui desservent à la fois les marchés des installateurs lourds et professionnels. Dans les deux cas, ces ajouts clés permettent à l'entreprise de poursuivre sa quête d'amélioration du service et de la disponibilité pour les clients clés.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Wholesaler | - | $14.38 CAD | Industrial Gross | Feb 2031 |
Property Taxes
| Parcel Number | 30-3121-000-1390 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,658,495 CAD |
Property Taxes
Presented by
The Parts House | 3035 NW 40th St
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