Allapattah Assemblage on NW 36th Street
List Price
$8,950,000
Cap Rate
PPSF
$109
Lot Size
81,750
Key Highlights
Covered Land Play: All Short - term leases with 3 out of 4 tenants having a 6 - month termination clause, allowing a developer the opportunity to plan a project without incurring operating expenses or an owner/user to operate their business from this location
Centrally Located: Less than ½ mile from the 112 Expressway which provides easy connectivity to Wynwood, Medical District, Miami River, Downtown, Brickell & Miami Beach. 1.5 miles from Miami International Airport
Block to Block: Subject property consis ts of Six parcels totaling 1.87 Acres (81,750 SF) and 25,675 SF of Gross Leasable Area. The property is comprised of two different zonings, Mixed - Use and Light Industrial. 40,500 square feet are zoned T6 - 8 - O while 41,250 square feet are zoned IU - 1
Allapattah is one of Miami ’ s fastest growing neighborhoods; 1,250 units projected to be delivered within the next 5 years. Population exceeding 241,050 within a 3 - mile Radius
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Jonathan De La Rosa
Senior Vice President Investments