This freestanding industrial warehouse in prime Miramar offers excellent accessibility to major routes including SR-441, the Turnpike, I-95, and I-75. The property features a large fenced lot with ample outdoor storage, secure parking, and flexible space sui

2220 SOUTH WEST 60TH TER, Miramar

$1,575,000 USD
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Address2220 SOUTH WEST 60TH TER, Miramar
Type of PropertyIndustrial
Type of BusinessIndustrial
Price$1,575,000
Previous Price$1,600,000 (21 days ago)
Property StatusActive
MLS NumberA11900859
Property Size11607
Lot Size11607
Year Built1967
Folio Number514124010290
Days on Market161

Detailed Description: This freestanding industrial warehouse in prime Miramar offers excellent accessibility to major routes including SR-441, the Turnpike, I-95, and I-75. The property features a large fenced lot with ample outdoor storage, secure parking, and flexible space suitable for a variety of industrial or automotive uses permitted by the City of Miramar. Currently 100% occupied under full-service gross leases, Unit A (±2,950 sq.ft + outdoor lot) is used for satellite equipment repairs and future food-related projects, while Unit B (±1,350 sq.ft) supports equipment storage and material distribution. The property generates a gross income of $108,864 and nets $87,505 annually, offering investors a 5.6% capitalization rate.

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Address Information
StateFlorida
CityMiramar
CountyBroward County
Zip Code33023
Address2220 SOUTH WEST 60TH TER
Section24
Zip Code (4 Digits)2936
Financial Information
Price$1,575,000
Price per Foot$0
Previous Price$1,600,000
Folio Number514124010290
Tax Amount$13,040
Full Descriptions
Detailed DescriptionThis freestanding industrial warehouse in prime Miramar offers excellent accessibility to major routes including SR-441, the Turnpike, I-95, and I-75. The property features a large fenced lot with ample outdoor storage, secure parking, and flexible space suitable for a variety of industrial or automotive uses permitted by the City of Miramar. Currently 100% occupied under full-service gross leases, Unit A (±2,950 sq.ft + outdoor lot) is used for satellite equipment repairs and future food-related projects, while Unit B (±1,350 sq.ft) supports equipment storage and material distribution. The property generates a gross income of $108,864 and nets $87,505 annually, offering investors a 5.6% capitalization rate.
Property parameters
Living Area11607
Lot Size11607
Total Acreage0.000
Maximum Leasable Size11607
Year Built1967
Type of PropertyIndustrial
Type of BusinessIndustrial
Stories Number1
Street DirectionSouth West
Listed withRE/MAX 5 Star Realty