NOT LISTED FOR SALE

Miami, FL 33127

Miami Design District Neighborhood

Estimated Value: $7,230,837

-- Bed
-- Bath
4,000 Sq Ft
$1,808/Sq Ft Est. Value

Highlights

  • No HOA
  • Security Gate
  • Lobby
  • Cooling Available
  • Home Security System
  • Central Heating

About This Home

As of September 2016

Remarkable Warehouse, Showroom, Gallery, Retail building in the heart of Design District - Midtown -
Wynwood area. RARE Opportunity to LEASE renovated 4000 SF with fantastic interiors: Reception, Two Office Areas, Kitchen, 3 Baths - 2 Handicap, Studios or Mini-Offices, Large Open Loft Area with 14' Heigh Ceilings, Lovely outdoor Garden in Rear, Two Retail Bays Combined as one Unit. Lease $20/SF/YR Net Net, CAM $672/Mo inclusions detailed below. Potential Tenants to provide Qualifications and Credit

Last Agent to Rent the Property

Julio Ulloa

The Keyes Company License #3045193 Listed on: 05/24/2016

The Keyes Company

Last Renter's Agent

Pierre Leroy

Compass Florida, LLC License #3100731

Compass Florida, LLC

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $9,960

Year Built

  • Built in 1955

Lot Details

  • 4,000 Sq Ft Lot
  • 203 Ft Wide Lot
  • Security Fence
  • Property is zoned C-2

Home Design

  • Built-Up Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 1-Story Property
  • Concrete Flooring

Home Security

  • Home Security System
  • Security Gate
  • Fire and Smoke Detector

Parking

  • 10 Parking Spaces
  • Common or Shared Parking
  • On-Street Parking
  • Open Parking

Utilities

  • Cooling Available
  • Central Heating
  • Three-Phase Power

Additional Features

  • Exterior Lighting
  • City Lot

Listing and Financial Details

  • Tenant pays for common area maintenance, electricity, inside insurance, janitorial service, sales tax, trash collection
  • 1 To 3 Year Lease Lease Term
  • Assessor Parcel Number 01-31-24-002-0180

Community Details

Overview

  • No Home Owners Association
  • West Design District Retail/Wh Condos

Amenities

  • Showroom
  • Lobby
  • Private Restrooms

Property Details

Property Type

Other

Est. Annual Taxes

$9,960

Year Built

Built in 1955

Lot Details

0

Rental Info

  • Tenant Pays: Common Area Maintenance, Electricity, Inside Insurance, Janitorial Service, Sales Tax, Trash Collection
  • Lease Term: 1 To 3 Year Lease

Listing Details

  • Property Type: Commercial Sale
  • Year Built: 1955
  • Ownership: Limited Partnership
  • Property Sub Type: Lease
  • Business Type: Office/Warehouse Combination, Retail Space
  • Directions: I-95 to I195 (East) to Miami Avenue from west or Biscayne Blvd Exits from east, 36th Street to NW 2nd Avenue (North) to 40th Street, Parking in front of building. Over 200 Feet Frontage on Corner NW 2nd Avenue and 40th Sreet, Truly an Amazing Lease Space!
  • Horses: No
  • Lease Assignable: No
  • Lot Size Acres: 0.237
  • New Construction: No
  • Road Frontage Type: City Street
  • Building Stories: 1
  • Structure Type: Lease
  • Year Built Details: Resale
  • ResoPropertyType: CommercialSale
  • Special Features: VirtualTour
  • Stories: 1
  • Year Renovated: 1955

Interior Features

  • Flooring: Concrete
  • Number Of Buildings: 1
  • Possible Use: Investment
  • Stories: 1

Exterior Features

  • Roof: Built-Up
  • Construction Type: CBS Construction
  • Fencing: Fenced
  • Lot Features: City Location, Corner Unit
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: West Design District Retail/WH
  • Open Parking: Yes
  • Parking Features: Common, On Street
  • Total Parking Spaces: 10

Utilities

  • Sewer: Public Sanitation
  • Water Source: Public
  • Green Building Features: Exterior Lighting, Lobby, Office, Private Restrooms, Rear Access, Showroom, Heavy Traffic
  • Cooling: Central Building A/C
  • Cooling Y N: Yes
  • Electric: 3 Phase Electric
  • Electricity On Property: Yes
  • Heating: Central Electric, Central Building A/C
  • Heating Yn: Yes
  • Security: Smoke Alarm, Smoke Detector(s), Security Fence, Security Gate, Security System

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel Number: 01-31-24-002-0180
  • Current Use: Commercial Lease
  • Land Lease: No
  • Lot Size Sq Ft: 4000
  • Zoning: C-2
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2015
  • Tax Annual Amount: 9960

Multi Family

  • Number Of Units In Community: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 24, 2016
Closed on
Aug 5, 2016
Sold by
Prm Real Estate Investments Llc
Bought by
Lind Investments Llc
Seller's Agent
Julio Ulloa
The Keyes Company
Buyer's Agent
Pierre Leroy
Compass Florida, LLC
Sold Price
$3,500,000
Current Estimated Value
$7,230,837

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,730,837

Purchase Details

Closed on
Apr 27, 2007
Sold by
Munro William Philip Ross
Bought by
Skane Investments Llc

Purchase Details

Closed on
Mar 31, 2006
Sold by
Ellefab Enterprises Inc
Bought by
Munro William Phillip Ross

Purchase Details

Closed on
Oct 20, 2004
Sold by
Santoyo Frank J and Santoyo Vivian M
Bought by
Ellefab Enterprises Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$392,000
Interest Rate
5.73%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Lind Investments Llc $3,500,000 Cambridge Title & Closing Se
Skane Investments Llc -- Attorney
Munro William Phillip Ross $1,000,000 Attorney
Ellefab Enterprises Inc $555,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ellefab Enterprises Inc $392,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/14/2016 09/14/16 Rented $3,500,000 +17499900.0% --
07/21/2016 07/21/16 Under Contract -- -- --
05/23/2016 05/23/16 For Rent $20 -- --
Source: MIAMI REALTORS® MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $64,667 $3,300,000 $1,388,610 $1,911,390
2024 $67,322 $3,228,000 $1,390,500 $1,837,500
2023 $67,322 $3,275,000 $1,390,500 $1,884,500
2022 $67,515 $3,275,000 $1,390,500 $1,884,500
2021 $65,652 $3,090,000 $1,390,500 $1,699,500
2020 $63,894 $3,000,000 $1,390,500 $1,609,500
2019 $61,905 $2,900,000 $1,390,500 $1,509,500
2018 $60,742 $2,900,000 $1,390,500 $1,509,500
2017 $61,010 $2,880,000 $0 $0
2016 $11,961 $466,653 $0 $0
2015 $9,960 $424,230 $0 $0
2014 $8,746 $385,664 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Landlord's Agent in 2016

    Julio Ulloa

    The Keyes Company

    (305) 790-5511

    13 Total Sales

    Julio Ulloa
    Section Image

  • P

    Tenant's Agent in 2016

    Pierre Leroy

    Compass Florida, LLC

    (786) 475-5381

    Pierre Leroy
    Section Image
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Source: MIAMI REALTORS® MLS

MLS Number: A10087756

MIAMI REALTORS® MLS

APN: 01-3124-002-0180

Florida Miami/Dade County Miami 33127

Miami Design District

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