7290 SW 42nd Ter.

PROPERTY DETAILS

 

Incredible opportunity to secure a generational asset in the desirable Bird Road Warehouse District. The warehouse spans 11,040+\- sq. ft. including a mix of office & storage areas in each bay. The property sits on an 18,360 sq.ft. corner lot. with ample parking, easy truck access and has a straight shot to and from Bird Rd. Quick access to 826 and a short drive to MIA. The warehouse is currently occupied by a single long-term tenant at below market rate, but is more or less demised into 4 equal bays of 2,760+/- sq.ft. each providing a premium multi-tenant opportunity in the future. Each bay has one 10’x11’ overhead door except the westernmost bay which has two 10’x14’ overhead doors. Do not disturb tenant. Tenant lease runs through February 2026.

Price $3,800,000
Price Per SF $344.00
Sale Type Investment
Cap Rate 3.1%
No. Units 1
Property Type Industrial
Property Subtype Warehouse
Style CBS
Building Class C
Lot Size 18,360 SF
Building Size 11,800 SF
No. Stories 1
Year Built 1966
Parking 12
Zoning IU-2
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