Industrial Property For Lease

12250-12282 SW 117TH CT MIAMI, FL 33186

Sale Overview

Quick Summary

Address 12250-12282 SW 117TH CT MIAMI, FL 33186
Space Type Relet
Parking Space 60 spaces 1.50/1,000 SF
Price $9.27/MG
Year Built 1981
Available Space 4,216 SF + 468 SF Office
Property Features Fenced Lot, Signage
Parcel # 30-5913-002-0030
Utilities Lighting, Sewer- County, Water- City
RBA 41,337 SF
Zoning IU-C
Term 2 Years
Loading Drive Ins- 9 tot./10’w x 14’h
Occupancy Vacant
Suite 12278
Expenses per SF Taxes: $0.83 (2017), Opex $0.13 (2015)

Property Description

  • Property backs up to the Florida Turnpike, excellent visibility-signage opportunity for a future owner user, 197,400 cars daily.
  • Industrial Use in a Class B Building – 1 Floor with 16’ Ceiling Height

Sale Notes

Real Capital Partners LLC is pleased to present 12250 SW 117th Ct. This building is currently being used as an automotive center. It has 6 tenants occupying 9 bays. Most of the tenants are on a month to month basis. All of the tenants are in the automotive business. Paint, Transmission, and Towing etc. We feel the highest and best use is for an owner user to occupy a majority share of the square footage of the building and lease whatever remaining share of the building he or she does not want to occupy. SBA financing offers 90% LTV for any owner occupant who occupies at least 50% of the building. As per Florida First Capital, a blended 5.44% interest rate under a 25 year amortization is offered for this property. The monthly mortgage amount would be $31,788 and RE taxes-Insurance at $5,238 for a total carrying cost of $37,026. If half the building is rented for $10/SF = $16,666 monthly, the net owner occupied space would be $20,360, costing $11.63/SF for the owner occupied space. Total estimated out of pocket down payment and closing cost are $595,000. The building is conveniently located off of the Florida Turnpike, SW 120th St exit 19. It backs up to the turnpike allowing for signage opportunity of a daily traffic count of 197,400 cars daily. The building was recently re-roofed and painted.

Key Tenants

Maaco Collision Repaint & Auto Painting    8,850 SF

Geneva Import Motors Inc    500 SF

Castilla Auto Repaint    3,000 SF

Contact Broker

Otto Travieso, CCIM

Real Capital Partners, LLC

Off: 305.477.9748
Cel: 305.785.7325

Area Overview

CENTRAL

Near Major Markets And Passenger And Cargo Hubs:

  • 22 Min Drive From Miami International Airport
  • 30 Min Drive From Portmiami
  • 25 Minutes From Downtown Miami
  • Convenient Drive To Ft. Laud Int. Airport & Ports

PRIME INDUSTRIAL

One of the premium industrial markets in South Florida:

  • MIami Absorption Rates (12 Month Net): 1.7M SF
  • Average Miami Asking Rates: $7.54/SF/NNN
  • Miami Vacancy Rates: 4.2% (Industrial)

Key Facts

  • 134,380Population

  • 44.0Median Age

  • 2.87Average Household Size

  • $92,345Average Household Income

Statistics Radius

3 Miles

Business

  • 12,594Total Business

  • 38,367Total Employees

  • 1 Mile

    Population 14,742
  • 1 Mile

    Households 4,919
  • 1 Mile

    Families 3,905
  • 1 Mile

    Average Household Size 2.99
  • 1 Mile

    Owner Occupied Housing Units 3,621
  • 1 Mile

    Renter Occupied Housing Units 1,298
  • 1 Mile

    Median Age 38.9
  • 1 Mile

    Median Household Income $85,370
  • 1 Mile

    Average Household Income $104,819
  • 3 Miles

    Population 134,380
  • 3 Miles

    Households 46,485
  • 3 Miles

    Families 34,852
  • 3 Miles

    Average Household Size 2.87
  • 3 Miles

    Owner Occupied Housing Units 29,724
  • 3 Miles

    Renter Occupied Housing Units 16,761
  • 3 Miles

    Median Age 40.4
  • 3 Miles

    Median Household Income $65,493
  • 3 Miles

    Average Household Income $92,345
  • 5 Miles

    Population 423,397
  • 5 Miles

    Households 138,647
  • 5 Miles

    Families 108,200
  • 5 Miles

    Average Household Size 3.03
  • 5 Miles

    Owner Occupied Housing Units 90,274
  • 5 Miles

    Renter Occupied Housing Units 48,372
  • 5 Miles

    Median Age 39.8
  • 5 Miles

    Median Household Income $63,973
  • 5 Miles

    Average Household Income $89,282