3838 Shipping Ave

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3838 Shipping Ave

Miami, FL 33146
Asking Price
$4.50M
Asset Type
Industrial
Class
Class B

What's Special

3838 Shipping Avenue is situated in the Coconut Grove industrial district of Miami, a strategic corridor known for its proximity to wealthy residential enclaves and the US-1 transportation artery. The property is located minutes from the Douglas Road Metrorail station and offers efficient access to Coral Gables, South Miami, and Brickell. The surrounding neighborhood is characterized by a mix of specialized automotive services, design showrooms, and boutique fitness centers. Nearby lifestyle amenities include the CocoWalk retail complex and numerous dining options along the Grand Avenue corridor. The facility is suited for businesses requiring a central urban hub, such as last-mile delivery services, high-end automotive storage, or architectural fabrication. Its location makes it an ideal fit for trade showrooms and interior design firms that serve the nearby luxury residential markets of Bay Point and Pinecrest. Typical tenants include logistics providers seeking proximity to Miami’s core, light manufacturers, and service-oriented enterprises looking for a functional industrial footprint within a major metropolitan infill location.

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NOI
$80,000
Cap Rate
1.78%
DSCR
0.30
Underwater
Cash-on-Cash
-13.86%
Monthly Payment
$22,263.545
Annual Cash Flow
$-187,162.537

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