Doral Global Headquarters, is an industrial office/production headquarter facility located at 3055 NW 84th Avenue in the heart of the Miami’s Airport West submarket in the City of Doral, FL. This offering presents investors with the opportunity to own a pristine industrial/office flex asset in a primary market with immediate value-add potential.
Doral Global Headquarters is composed of two parcels, totaling ±2.08 acres with the building sitting on ±1.75 acres and overflow parking on ±0.33 acres. The Property contains a total of ±39,050 SF which is comprised of ±20,050 SF of office area (51.3% of GLA), ±19,000 SF of warehouse area (48.7% of GLA), has 8 Dock high overhead doors,and 2 grade level overhead doors. The facility was built in 1994 and was fully remodeled by the current owner/tenant, who has meticulously maintained the premises. The Property features a top-of-the-line office build-out as well as an efficient, Class A production area. The facility has been meticulously maintained since purchase and this is evident in both the high end interior and exterior of the building. Doral Global Headquarters is fully air-conditioned, with temperature-controlled warehouse and production areas and has a large, back-up generator that allows operation of the facility in emergency situations and natural disasters. Specialized flooring, lighting, ample dock positions, and pit levelers are just some of the components that make the warehouse and production areas top-notch and above standard. The 22’ clear height also gives more racking capacity than most industrial facilities and the office components are configured in a manner that allow different entrances for tenants.
Doral Global Headquarters is currently ±51.72% occupied by Topp Labels who occupies ±20,200 SF of GLA comprised of ±2,500 SF of office and ±17,700 SF of warehouse/production area. There is space ready for immediate occupancy totaling ±18,850 GLA which includes ±10,050 SF of office space and ±8,800 SF of office with production/warehouse space. Topp Labels has operated from the building together for years, resulting in a stabilized asset with a new 5-year lease commitment with one 5-year option to renew at market rates. The proposed 5-year lease which will be executed at closing is structured as an industrial gross lease and will generate $221,839 in revenue in 2018 with 3% increases thereafter. Topp Labels is a flexographic and digital label printing company that produces high-quality, quick-turn labels on top-of-the-line machinery. This offering presents a value-add opportunity for owner users seeking space in the market or for investors through lease-up of the available ±18,850 SF at market rates. Upon full stabilization and lease-up, the Property is estimated to generate over $500k in NOI (2018 proforma).
Doral Global Headquarters is located in the Airport West/Doral submarket, an area that is home to ±2,600 trade and logistics related companies, over 250 company headquarters, 100 multinational companies and 50 banking and financial institutions. The property presents an investment opportunity in a city marked by its attractiveness to top-tier investors since Doral ranks second in the United States for its pro-business environment and first in Florida for business start-ups. The property conveniently sits on the corner of NW 84th Avenue and 30th Terrace, a central location in Doral, and subsequently benefits from visibility and proximity to amenities.
Doral Global Headquarters is located in the Airport West/Doral submarket which has the highest concentration of both office and industrial in Miami-Dade County. The Airport/Doral industrial submarket is one of the most desirable and active industrial markets in Miami-Dade County due to the proximity to Miami International Airport and major expressway linkages. The Property is located ±1.3 miles west of the Miami International Airport, ±12-miles west of the Miami Central Business District and Port of Miami, and ±3-miles west of Miami International Airport. Access to the area is excellent and is bracketed by some of the major South Florida Highways. The Property benefits from its central location and accessibility to transportation hubs (±0.6 miles to the Palmetto Expressway (SR 826), ±1.3 miles to the Dolphin Expressway (SR836), ±3 miles to the FL Turnpike). The Airport/Doral areas and the other smaller neighborhoods surrounding MIA together comprise the second largest employment center in Miami-Dade County after the Miami Central Business District.
Doral Global Headquarters presents a sound investment opportunity in a pristine, production/office facility in one of the most desirable investment markets in South Florida with value-add through full lease-up at market rates.
Virtual Tours Available:
• Click Here for tour of Topp Label Warehouse
• Click Here for tour of Topp Label Office
• Click Here for tour of the First Floor Office (10,050 SF)
• Click Here for tour of the Second Floor Office (8,500 SF) This property will be auctioned on Monday, January 1 - Monday, January 1 . The price displayed is the starting bid amount of $6,750,000. For information and to register to bid on this property, please visit Ten-X.com.
