Net-Leased Aerospace Industrial
3661 Northwest 50th Street Miami, FL 33142
3661 Northwest 50th Street, Miami, FL, 33142
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For Sale
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Single-tenant aerospace facility with four grade-level doors and 15.59-foot clear height.
Property Size38,040 SF
Price / SF$194.53
Days on Market92
Property Features for 3661 Northwest 50th Street
General Information
- Standard status
- Active
- Size
- 38,040 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1951
Listing Agency
Marcus & Millichap - Miami
(786) 522-7078
Listed by
Jonathan De La Rosa · License #SL3639184
Source
Crexi
Added: Apr 21 Updated: Jul 20 at 4:54 pm Checked: Jul 20 at 4:54 pm
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 Marcus & Millichap - Miami
Investment Insights
Based on property information with market context.
This offering presents a single-tenant, net-leased aerospace facility built out for aeronautical repair and distribution operations. The tenant, RAM Aerospace & Defense Solutions, supports aerospace parts repair, maintenance, and distribution, including heavy airframe repairs and large component overhauls. The industrial improvements include four grade-level doors and approximately 15.59 feet of clear height, along with robust electrical infrastructure totaling more than 1,400 amps with multiple 240V and 480V single-phase and three-phase panels.
The property is located at 3661 Northwest 50th Street in Miami (East Hialeah) and is positioned in the Miami aviation corridor. It is less than 2 miles from Miami International Airport, approximately 3 miles from Opa-locka Executive Airport, and about 6 miles from the Port of Miami.
The lease structure includes 3.5% annual rent escalations and a fair market value reset at the end of the primary term. Tenant commitment is reflected in capital investment into the facility buildout, as well as additional occupancy by the parent company in an adjacent 62,000 SF facility.
The property is located at 3661 Northwest 50th Street in Miami (East Hialeah) and is positioned in the Miami aviation corridor. It is less than 2 miles from Miami International Airport, approximately 3 miles from Opa-locka Executive Airport, and about 6 miles from the Port of Miami.
The lease structure includes 3.5% annual rent escalations and a fair market value reset at the end of the primary term. Tenant commitment is reflected in capital investment into the facility buildout, as well as additional occupancy by the parent company in an adjacent 62,000 SF facility.
Key Highlights
- Single‑tenant net‑leased aerospace facility built in 1951 with ±138,000 SF for aeronautical repair and distribution operations
- Facility features 4 grade‑level doors and 15.59‑ft clear height, plus robust electrical infrastructure totaling ±1,400+ amps
- Multiple 240V and 480V single‑phase and three‑phase electrical panels support aerospace, manufacturing, and high‑demand industrial use
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $766.9k | $20.16 |
| − Vacancy | −$36.8k | −$0.97 |
| EGI | $730.1k | $19.19 |
| − OpEx | −$109.5k | −$2.88 |
| NOI | $620.6k | $16.31 |
38,040 SF · lease $20.16/SF/yr · vacancy 4.80% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$8.87M
$7.76M – $10.34M
NOI $620,564 @ 7.0% cap · market cap 8.39%
Second Best
Industrial
$7.30M
$6.39M – $8.52M
NOI $511,053 @ 7.0% cap · market cap 6.91%
Theoretical Best
Specialty Retail
$25.68M
$22.47M – $29.96M
NOI $1,797,407 @ 7.0% cap · market cap 24.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Distribution centers
Similar For Sale Nearby
FAQs
What type of property is this?
Distribution center - Single-tenant aerospace facility with four grade-level doors and 15.59-foot clear height.
Where is this distribution center located?
The property is located at 3661 Northwest 50th Street Miami, FL.
What is the asking price?
The asking price for this property is $7,400,000.
What are key features of this property?
This property features: Single‑tenant net‑leased aerospace facility built in 1951 with ±138,000 SF for aeronautical repair and distribution operations; Facility features 4 grade‑level doors and 15.59‑ft clear height, plus robust electrical infrastructure totaling ±1,400+ amps; Multiple 240V and 480V single‑phase and three‑phase electrical panels support aerospace, manufacturing, and high‑demand industrial use
