ABOUT THE INVESTMENT
• Versatile Industrial Asset with Redevelopment Potential – A well-positioned industrial warehouse in Miami’s Palmer Lake Metropolitan Urban Center (PLMUC), offering strong current income and future upside for redevelopment.
• Attractive Short-Term Lease for Flexibility – The property is currently leased to Elite Collision Specialists, providing immediate cash flow with only three years remaining, making it ideal for investors or developers seeking near-term repositioning opportunities.
• Exceptional Zoning for High-Density Mixed-Use Development – PLMUC zoning allows for future multifamily, mixed-use, and high-density commercial development, positioning this site as a prime candidate for a significant value-add opportunity.
• Strategic Location in a Booming Corridor – Situated in a rapidly appreciating area near Miami International Airport, major transit hubs, and high-profile projects like Miami Freedom Park, this site is primed for strong long-term appreciation.
• Flexible Investment with Multiple Exit Strategies – Investors can retain the industrial use for income or capitalize on Miami’s surging demand for residential and mixed-use developments.
ABOUT THE LOCATION
• Highly Desirable Urban Center Location – Located in Miami’s Palmer Lake Metropolitan Urban Center, an area undergoing major redevelopment and infrastructure improvements.
• Minutes from Miami International Airport – A premier logistics and economic hub that continues to drive business, commerce, and development demand.
• Prime for Redevelopment – PLMUC zoning allows for high-density residential, mixed-use, and commercial projects, creating a rare opportunity for investors looking to transform the site into a modern development.
• Surrounded by Growth – The area is seeing a surge in new residential and commercial projects, including Miami Freedom Park (Inter Miami CF Stadium), large-scale multifamily developments, and retail expansions.
• Strong Accessibility & Infrastructure – Easy access to major highways (US-27, I-95), Miami’s public transit system, and the city’s key business districts.
ABOUT THE TENANT | ELITE COLLISION SPECIALISTS
• Reputable Auto Body Repair Business – Elite Collision Specialists is a well-established name in auto repair, serving both individual and fleet customers.
• Steady Demand for Industrial Use – The property benefits from consistent tenant activity in an essential, recession-resistant industry.
• Lease Flexibility for Investors & Developers – With only three years remaining on the lease, investors can continue collecting stable rental income while preparing for redevelopment or repositioning.
Senior Director Investments
Fort Lauderdale Office
Tel: (954) 245-3518
License: FL SL 3143588
aaron.o'connor@marcusmillichap.com
Land / Redevelopment
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