2824 NW 5th Ave

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2824 NW 5th Ave

Miami, FL 33127
Asking Price
$5.25M
Asset Type
Industrial
Class
Class B

What's Special

2824 NW 5th Ave is located in Miami’s Wynwood neighborhood, an area characterized by a mix of creative studios, galleries, and adaptive-reuse commercial spaces. The property is situated blocks away from the Wynwood Walls and numerous dining and retail amenities. It offers proximity to major thoroughfares, including I-95 and I-195, providing direct access to the Port of Miami, Miami International Airport, and the Downtown core. This industrial asset is suited for last-mile distribution, light manufacturing, or creative flex space. The location supports tenants seeking functional warehouse capacity within a central urban environment. Typical occupants include logistics providers, specialized craft producers, and wholesale distributors who require efficient transit routes to serve the Miami metropolitan area and high-traffic commercial districts nearby.

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NOI
$80,000
Cap Rate
1.52%
DSCR
0.26
Underwater
Cash-on-Cash
-14.71%
Monthly Payment
$25,974.135
Annual Cash Flow
$-231,689.626

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