The glacial pace of Flagler Street’s renovation downtown has built frustration since the project was proposed in 2011. Last week, directors of Miami’s Downtown Development Authority agreed to another delay.
Medley Truck Center
BUILDING NAME: Medley Truck Center
ADDRESS: 11200-11298 NW South River Dr, Medley, FL 33178
Each of the 28 Bays are separately metered for water and electric. Tenants are billed directly by the utility companies for these essential services.
|SALE PRICE:||$7,439,491.60 ($134.23 PSF)|
|Capitalization Rate:||7.4% (in-place) 8.27% (pro forma)|
|Location:||11200-11298 NW S River Drive Medley, FL 33178|
|Gross Building Area:||±55,422 SF|
|Land Area:||±162,483 SF (± 3.73 acres)|
|Occupancy:||99.2 % (a 400 sf Bay is available)|
|Zoning:||M-1 Industrial Extensive|
|Ceiling Height||16 Feet|