Property Details Miami-Dade
8051 West 24th Avenue
Hialeah , FL 33016
Sale Price: $8,500,000
Property Size: 95,396 SF
Lot Size: 5 Acres
- 20′ Ceiling Height
- Mixed Commercial Use Property
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.