Prepared for 3/12/2015
Properties for Sale 1
10895 NW 21 Street, Sweetwater, FL 33172 Property Details Price Building Size Lot Size Price/SF Property Type Property Sub-type Property Use Type Cap Rate No. Stories Tenancy Year Built Clear Ceiling Height Features
Status
$1,950,000 23,267 SF 0.96 AC $83.81 /SF Industrial Self/Mini-Storage Facility Investment 9.94% 2 Single 2005 15 FT Fenced Yard Electricity/Power Sprinklers Active
Property Notes
Property Description Marcus & Millichap is proud to present 10895 NW 21st Street. Miami Mini Storage is a 23,267-square foot self-storage facility situated on 42,000 square feet of land in Doral, Florida. The subject property was built in 2005 and is currently25 percent occupied. This investment has 190 self-storage units, ranging from 25 to 800 square feet. The property is 75percent climate-controlled.The subject property is situated on NW 21st Street and NW 109th Avenue, just off of NW 25th Street, a main road inDoral. The property is minutes from the Miami International Mall, the Dolphin Mall, and the brand new Ikea. Locatedin an affluent suburt of Miami, Doral and Sweetwater have seen a lot of growth over the past five years as there has beena steady supply of townhomes and condos coming to market. The billion dollar Downtown Doral mixed use project isjust a couple miles away. The location and value-added opportunity makes this asset attractive to any self-storageoperator seeking an quality asset in a great infill marketplace.
Location Description The demographics of the area surrounding Miami Mini Storage include over 130,000 people within a three-mile radiusand over 300,000 people within a five-mile radius.