297 NE 67th Street – The Campus at Little River

$12,900,000
$12,900,000

Overview

Seize the opportunity to acquire a top-tier Class A flex industrial property with a strong tenant mix, ideally positioned in one of the nation’s most vibrant neighborhoods. This core-plus NNN investment offers stability with a lengthy weighted average lease term, ensuring reliable income and significant potential for rent increases through renewals or space customization. The expanding Brightline rail network will further boost accessibility between Miami, Fort Lauderdale, and other major Florida cities, fostering growth in Little River.
The property’s strategic end-cap, block-to-block location in central Little River enhances tenant visibility, contributing to a prime market presence. Little River offers a compelling alternative to nearby, high-profile areas like Wynwood and Midtown, making it a magnet for innovative tenants seeking exceptional value.
Summary
Situated in Miami’s fast-growing Little River neighborhood, this Class A creative flex industrial property presents a core-plus NNN investment with notable tenants like Betr, a leader in sports betting, and Locust Projects, a prominent nonprofit art space. With a robust weighted average lease term, the property promises stability and future rent growth potential, leveraging Little River’s under-market rents and potential for reconfiguration to maximize returns.
Little River has earned accolades as one of the country’s trendiest neighborhoods, celebrated for its arts, culture, and burgeoning creative industry scene. Offering more affordable options than nearby Wynwood, Midtown, and the Miami Design District, it has become a sought-after location for creative businesses looking to thrive in a dynamic community.
Nearby attractions include The Citadel, a 30,000-square-foot food hall and office space, and Ironside, a mixed-use development with restaurants, offices, and retail. Also nearby is the expanding Magic City development, set to feature residential spaces and over two million square feet of office and retail space. With the Brightline expansion increasing connectivity across South Florida, Little River is primed for further growth, attracting creative businesses, dining venues, and retail opportunities.
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Details

  • Lot area (sqft):
    40,510 sqft
  • Building area (sqft)::
    33,204 sqft
  • Price ($):
    $12,900,000
  • Year built:
    1952
  • Cap Rate:
    5.64%