SOLD! 8,416 SF Warehouse at Milam Airport Park
Updated: Nov 5, 2020
The Industrial Team at ComReal completed the sale of two units located at 7158 – 7160 NW 50th St Miami, FL 33166, located inside Milam Airport Park. The units totaled +/- 8,416 Sq. Ft. with 2 loading docks and 1 ramp. Sale price was $1,220,000 or $145/Sq. ft. These are great corner units with great loading and parking. High ceilings of 21’ clear and fire sprinklers. The seller was All American Paper; the buyer for the property was Yamini Kitchens. The units were vacant at the time of the sale.
These are efficient units that suit multiple uses. From freight forwarding to light manufacturing. They offer high ceilings, solid concrete construction and dock loading. Additionally, these units have a superb location at only 2 miles from Miami International Airport and easy access to Palmetto Expressway, (SR 826), Dolphin Expressway (SR 836).
"Warehouses under 10,000SF continue to be in high demand! With land prices at all-time highs, it’s hard and too expensive to replicate these types of warehouse spaces." Mentioned Edison Vasquez from ComReal.
The Miami Industrial Market continues its strong growth, despite the Corona Virus Pandemic. The inventory of properties for sale remains limited. In the third quarter of 2020, the average sale price was $157 Sq. Ft. The market vacancy rate was 6.0%
For more information on the transaction or for other similar buildings in our inventory, contact the Industrial Team at ComReal at 786-433-2380 or firstname.lastname@example.org.