2320 SW 60th Way Miramar, FL 33023

7,165 square foot industrial building with large fenced in parking lot. Perfect building for your business and excellent investment opportunity for all investors. Property contains three separate warehouse bays with offices, a large 2 bedroom 2 bathroom apartment upstairs and much more. One of the bays is being used as a City approved Church, there is fabric/purse manufacturer, a basic warehouse storage tenant, and large apartment. The total actual gross operating income is $86,400 per year netting $65,299 providing an investor with a strong 7.92% capitalization rate. An investor can raise rents to market rates and increase NOI which would provide a higher capitalization rate of 9.84%. Do not disturb existing tenants or property, all showings are by appointment only.