Cold Storage Facility with Dock
New
For Sale
Contact for pricing
11187-11109 NW 122nd Street - Coolers, Medley, FL 33178
Existing cooler infrastructure and a dedicated office component support refrigerated storage and distribution operations.
Property Size12,254 SF
Days on Market4
Property Features for 11187-11109 NW 122nd Street - Coolers
General Information
Standard status
Active
Size
12,254 SF
Property subtype
Industrial
Lease Term
Gross
Site & Location
Neighborhood
Pennsuco
Building Details
Building Size
12,254 SF
Year Built
2006
Properties For Sale
at 11187-11109 NW 122nd Street - Coolers
11187-11109 NW 122nd Street
Size
12,254 SF
Type
Cooler Warehouse Space
Term
Negotiable
Listing Agency:
Kaizen Realty Partners, LLC
Listed By:
Dante Aleman · License #0697870
(786) 597-0446
Source:
Kaizenrealtypartners
Added: Oct 28
Changed: Oct 31
Last Checked: Oct 30 at 12:22PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kaizen Realty Partners, LLC
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Investment Insights
Based on property information with market context.
This refrigerated warehouse property in Medley contains approximately 12,254 SF of office and warehouse space, including about 1,600 SF of offices and 5,760 SF of cooler area. The building dates to 2006 and has six rear dock doors and 24-foot ceilings. The cooler equipment may be excluded from a lease, according to the property information.
Access is available to SR-826, US-27 and Florida’s Turnpike. The property is also described as near Miami International Airport and Port Miami, connecting the site with regional road, air and seaport routes.
A functional warehouse layout, truck parking and maneuvering area round out the facility’s logistics features.
Access is available to SR-826, US-27 and Florida’s Turnpike. The property is also described as near Miami International Airport and Port Miami, connecting the site with regional road, air and seaport routes.
A functional warehouse layout, truck parking and maneuvering area round out the facility’s logistics features.
Key Highlights
- Approximately 12,254 SF of office and warehouse space
- Approximately 5,760 SF of cooler area and 1,600 SF of offices
- Six rear dock doors and 24’ ceiling height
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$176,387
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,527,740
$3.5M
Cap Rate 7%
$2,519,814
$2.5M
Cap Rate 9%
$1,959,856
$2.0M
Market Conditions
NOI Build-Up for 12,254 SF
Gross rent
$264.7K $21.60/SF
− Vacancy
−$12.7K −$1.04/SF
EGI
$252.0K $20.56/SF
− OpEx
−$75.6K −$6.17/SF
NOI
$176.4K $14.39/SF
Area
ZIP 33178
Vacancy
4.80%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,527,740
Cap Rate 7%
$2,519,814
Cap Rate 9%
$1,959,856
Alternative Uses
Best Use
Warehouse
$2.90M
$2.54M – $3.38M
NOI $202,923 @ 7.0% cap · market cap 724,725.00%
Second Best
Industrial
$2.52M
$2.20M – $2.94M
NOI $176,387 @ 7.0% cap · market cap 629,953.57%
Theoretical Best
Office A
$6.22M
$5.44M – $7.25M
NOI $435,188 @ 7.0% cap · market cap 1,554,242.86%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
6
Businesses Nearby
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Business Placement
Demographics for 33178, FL
65,487
Population
21,931
Households
3
Avg Household Size
37
Median Age
55%
College-Educated
86%
High-School Grad
61.1 sq mi
ZIP Area
1,072
Density / Sq Mi
$91,338
Median Household Income
$41,710
Median Earnings
$2,609
Median Rent
$499,300
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Refrigerated & cold storage - Existing cooler infrastructure and a dedicated office component support refrigerated storage and distribution operations.
Where is this refrigerated & cold storage located?
The property is located at 11187-11109 NW 122nd Street - Coolers Medley, FL.
What are key features of this property?
This property features: Approximately 12,254 SF of office and warehouse space; Approximately 5,760 SF of cooler area and 1,600 SF of offices; Six rear dock doors and 24’ ceiling height
