FOR SALE: WAREHOUSE WITH CREDIT TENANT / LOT OPPORTUNITY
Colliers is pleased to present the opportunity to acquire Wynwood 35, a unique investment opportunity featuring a 3,950 SF warehouse on an 9,500 SF lot located in the northern edge of Wynwood.
Walking distance to Midtown Miami and the restaurants and art galleries of Wynwood.
The property is positioned directly on NW 2nd Avenue, a main thorough street and one block south of NW 36 Street on the northeast corner of NW 35 Street.
This is the main corner located at the north entrance of Wynwood where it meets the highway and the Design District.
The property is occupied by a City Electric, a credit tenant until December 2024.
The property is zoned for high density residential as well as other commercial uses such as office, warehouse, and retail.
The prospective buyer has the opportunity to tap into the significant upside and future development potential of the property and Wynwood North submarket.
The buyer may continue operating the building and raise rent to market once the current lease expire or redevelop the property.
Wynwood Norte is a unique multi-generational 207- acre neighborhood.
Which is centrally located within the downtown Miami boundary in proximity to transit, schools and job centers.
It is in the area north of 29th St nestled between Wynwood, Midtown, Allapattah, and I95/Buena Vista.
Wynwood Norte is 10% of the total urban core area in Miami.
- Lease features a credit tenant with rent bumps
- Significant rental upside
- Future redevelopment opportunity
- Central location
- Quick access to the shops, retail and restaurants in Wynwood and Midtown.
- Country: United States
- Province / State: Florida
- City / Town: Miami
- Property ID 4277
- Price Price on call
- Property Type Industrial, Warehouse
- Property status For sale
- Size 3,950 SqFt
- Cap Rate 4.00%
- Zoning NRD-2
- Lot Area 9,500(sq ft)
- NOI $96,267
- Rent Bumps 3%