W 21st. STREET INDUSTRIAL 1

Investment Overview

RE/MAX 360 proudly presents a prime investment opportunity along the West Hialeah TOD: "W 21st. STREET INDUSTRIAL".

 

This offering includes two warehouses being offered individually on W 21st Street, each unit approximately 0.15 acres approximately 0.15 acres or around 6,700 square feet. The property features one individual, flex space warehouse. Each warehouse is approximately 5,014 square feet and occupied by the owner/user. Hialeah and the adjacent Medley stand out as key industrial hubs in Miami, notable for their substantial inventory and connectivity.

 

The majority of industrial properties are concentrated in the southeastern region near Interstate 95, offering Hialeah's industrial tenants easy access to the wider South Florida area.Sales volume has tapered off since 2023, following a historic surge. In the past 12 months, transaction activity has amounted to $96.1 million, down from the peak annual volume of over $234 million in 2021 and below the five-year average annual volume of $151 million. Moreover, a reduced industrial cap rate averaging 5.6% in the last year, compared to 6.0% four quarters ago, has contributed to rising prices since 2019.

Area Overview

LOCATION HIGHLIGHTS:

• *Along W 21 Street

• *Directly along the metro rail

• *2,5 miles from Miami International Airport

• *M-1 Zoning

SITE DETAIL

• *Land Size: 0.5 Acre FLEX whse. +- 5,014 feet Zoning: M-1

• *Parcel ID: 04-3107-010-0031

• Asking $1,200,000.00

• 04-3107-010-0031

• 04-3107-010-0032

• Asking $2,700,000.00

Highlights

PROPOSED PROPERTY HIGHLIGHTS:

• *0.15 Acre of land

• * 5,014 FLEX space

• * Approximately 30,000 cars daily