Callaway Ventures

201265_14016_x 201265_14120_5 201265_14150_B 201265_141117_2 201265_141131_3 201265_141145_4 201265_141215_6

Property Details Miami-Dade

8051 West 24th Avenue
Hialeah , FL 33016

Sale Price: $8,500,000

Type: Industrial
Status: Sold

Property Size: 95,396 SF
Lot Size: 5 Acres

Highlights

  • 20′ Ceiling Height
  • Mixed Commercial Use Property

Description

Vivo Real Estate Group, Inc is pleased to present the opportunity to invest in a stabilized income producing commercial property in a high demand submarket. This ± 95,396 square foot mixed commercial property called CALLAWAY was built in 2003 and is a Class A well-designed commercial complex located in NW industrial submarket of Hialeah, Florida.

CALLAWAY offers ± 95,396 SF of mixed use commercial property situated over ± 5 acres of land. The Property consists of 88 units; 27 units are ± 1,266 SF each of storefront flex product along West 24th Avenue and 61 units are ± 1,033 SF each of office/warehouse product.

The mix of retail, office, showroom and warehouse components combined with CALLAWAY’ s strategic location has maintained the property’s high occupancy throughout all market conditions, a testament to its location, functionality, construction quality and design.

The Gross Income from CALLAWAY is ± $865,000 per year or $9.06 per square foot and there is ± $3.5 million in assumable debt.

CALLAWAY’s located less one mile from the Palmetto Expressway, I-75, Gratigny Expressway provides this property with unmatched access to Miami Dade and Broward counties.