Monday, February 11, 2013
Tamiami Airport West Kendall Office For Lease
Monday, January 21, 2013
Tamiami Standalone Warehouse Office SOLD!
Saturday, January 5, 2013
4,800 sq ft Warehouse / Office For Sale South of Tamiami Airport
This Warehouse / Office combination consists of two 2,480 sq ft units connected side by side. One unit is built out into office with permits. 2 street level loading doors. Office can be removed if need be. Ample parking ans clean association.
Located at 14260 SW 136th Street #4 and #5 on 136th Street just South of Tamiami airport. 1/2 mile to 137th Ave. West Kendall. Call steve at 305-255-2622 for more information. Lic. real estate broker. Asking $365,000 for both units. View video here:
www.youtube.com/SoutheastProperty
Friday, January 4, 2013
Park Place of Kendall Office For Sale
NEW LISTING: This 2 story office, located in the West Kendall area of Miami is ideally suited for an investor. It is fully leased and provides a gross income of over $1,100 a month. It is a total of 1,200 sq ft and is located in a well managed condominium office project. Call Steve at 305-255-2622 for more information.
View Video:
http://youtu.be/XAiFLXuPSeU
Monday, March 26, 2012
Tamiami Kendall Office For Sale
Professional or medical office unit for sale East of Tamiami airport. 2 story office unit located on SW 128th Street. Clean building and ample parking. Good for investor or owner user. Priced below replacement cost.
1,500 total square feet including legal mezzanine office
Asking: $119,000
East of Tamiami airport on 128th Street and 133rd Ct. 1 mile to Turnpike and 2 blocks to SW 137th Avenue.
Tuesday, August 23, 2011
Warehouse For Sale - Investment Warehouse Miami- Priced Like Bank Owned
Warehouse for sale by Tamiami Airport in SW Miami Dade county. Great as investment or for an owner user. Currently rented for $700 a month. Priced below replacement cost. Located in Geronimo Park condo warehouse complex. Street level loading door and bathroom.
1 mile East of Tamiami airport and close to Turnpike in West Kendall Miami Dade.
1,020 total sq ft
Asking $75,000
Steve Hendrikse
Southeast Property
305-984-5357
Thursday, October 28, 2010
Tamiami Airport Warehouse Rentals
Warehouses for lease surrounding the Tamiami airport in West Kendall. 220 + Rental Units in Tamiami Airport Business District in West Kendall area of Miami.
CENTRALLY LOCATED IN TAMIAMI AIRPORT BUSINESS DISTRICT
UNITS FROM 620 - 2,200 SQ. FT.
WAREHOUSES INCLUDE OFFICE, BATHROOM, CARGO DOOR
1 MILE TO TURNPIKE, JUST EAST OF SW 137TH AVENUE
1 YEAR LEASES
LARGER SIZES UP TO 11,160 SQ. FT. AVAILABLE
Right off SW 120th St. exit of turnpike in West Kendall, Miami-Dade county. Just East of Tamiami airport and SW 137th Avenue.
Steve Hendrikse
Southeast Property
Lic. Real Estate Broker
305-984-5357
Sunday, May 30, 2010
West Kendall Office / Tamiami Office For Sale
**SOLD-11/15/2010**
Park Place II of Kendall office condo for sale. Priced below Miami Dade market value assessment. 1,170 total sq ft. Great 2 story office for owner use or investor. Private entrance and bathrooms. Located in well managed, clean, newly painted complex. Close to new shopping centers and homes. 1 block to 137th Avenue and 1 mile to Turnpike Interchange. Located just East of Tamiami Airport.
Close to new shopping centers and homes. 1 block to 137th Avenue and 1 mile to Turnpike Interchange. Located just East of Tamiami Airport. 25 minutes to Miami International Airport. 20 minutes to Coral Gables and Homestead. 15 minutes West of Pinecrest and Palmetto Bay.
12966 SW 133 CT, Miami, Fl 33186
Asking:$119,500
steve@sepm.net
Tuesday, February 9, 2010
SOLD
Warehouse for sale just South of Tamiami Airport in West Kendall area of Miami. Includes office in front and 2 bathrooms. 2 street level doors and access doors in the back of the unit. 19 ft concrete roof. Wide open space is great for showroom or studio. Located on 139th Ct. 1 block from 137th Avenue. 2 miles to Turnpike in West Kendall Miami Dade County.
3,080 total square feet
Asking: $231,000 ($75.00 per sq. ft.)
Tuesday, December 29, 2009
Bank Owned Real Estate For Sale **SOLD**
This is a bank owned vacant commercial land parcel located just off of US-1 and 268th Street (Moody Drive) in South Miami Dade County. Land is zoned medium density commercial use. Good property for a church, mixed use or residential.
2 parcels comprise the 2.03 total acres. BANK OWNED PROPERTY. Bring all offers.
Folio # 30-6934-009-0020 - 28,314 sq ft
Folio # 30-6934-009-0010 - 60,113 sq ft
Located in South Miami Dade 1 block from US-1. Fronts Moody Drive.
Sunday, October 4, 2009
New West Kendall Office Spaces for Lease
The new Amalfi office center is now complete and leasing units. Sizes from 650 sq. ft are available. Prices from $14.50 per sq ft ($775.00 monthly plus tax)Flooring and window blinds are included. This state of the art 44,000 sq. ft. building was completed in 2008 and features electronic keypad entry and security cameras.
First floor units have private bathrooms. All units have impact windows. The Amalfi office center is conveniently located 2 blocks from SW 137th Avenue in the West Kendall area of Miami and just a few minutes from Tamiami airport and the Florida Turnpike Interchange. Units are avilable for 1 year leases with first month and a security deposit due with contract. To make an appointment to see these offices please email at steve@sepm.net or call 305-984-5357.
Sunday, September 27, 2009
Friday, August 28, 2009
Tamiami Airport Real Estate Market 2000-Present
Commercial real estate prices in the Tamiami Airport commercial district began an unprecedented acceleration beyond true value at the beginning of the year 2000 and continued a steep upward trend until mid 2006 when sales abruptly stopped. It was at this time when, almost simultaneously, buyers realized that these new prices could not be sustained. Unwilling to own real estate and carry its expenses while it declines in value, many buyers walked away from deposits.
This unusually fast upward trend in prices was initiated as financial institutions loosened their lending standards creating easy access to money and invented creative financing arrangement
s. During this time period, the federal government kept interest rates unusually low in an attempt to prevent a prolonged recession after the attacks of September 11, 2001. This situation created by the federal reserve and financial institutions kept the cost of borrowing money low. Meanwhile, opportunistic real estate speculators entered the market and purchased commercial units with the intention to re-sell them for higher prices immediately after purchasing. This widespread speculation and insatiable demand resulted in developers selling out their projects before they were complete and purchasing more land to do it again. This caused land prices to spike from $9.00 per square foot to $22.00 per square foot at the apex. Small condo warehouse sale prices went from $85.00 per square foot in 2000 to $160.00 per square foot in 2006 (an 88% increase.) This was, in essense, the "get rich quick" method of property investment instead of the tried and true long term approach of buy, rent and hold.
Since 2006 we have seen a substantial correction in both rental and sales prices and I believe we are at or very near a bottom in warehouse prices. If you look at the warehouse sale prices back in 2000 and increased them an average of 3% each year (historical appreciation) for 9 years you would arrive at a value of $111.00 per square foot. This is approximately where our prices are today.
We have seen a substantial increase in warehouse and office rentals since the beginning of 2009 (an average of 1 lease per business day from Jan-June 09) and as the inventory begins to shrink we should see an uptick in rental rates. As the rental rates increase it will attaract more long term investors into the market and will be a stablizing force on values. In addition, prices have now come down to a point where many small businesses can afford them and as credit loosens up, sales should pick up pace.
The office market remains more oversupplied and unpredictable at this point than the warehouse market. However, we have seen aquisitions of entire floors of condo office buildings by large companies which has eliminated some of the over supply in the condo office market. As the supply is drawn down, the office prices should begin to increase again as there is little supply coming onto the market for at least 2 more years.
An evaluation of the big picture is an integral part of any discussion of current and future real estate values. The Tamiami Airport Business District has seen a tremendous increase in residents in the last 9 years and 4 new shopping centers. One center is of regional impact that attracts shoppers from surrounding communities. Our commercial neighborhood will soon be able to be accessed by a new connection to the 826 expressway and possibly the Florida Turnpike. The Tamiami airport, already one of the busiest private executive airports in the country, is expanding a runway to allow for more flights and subsequently more commerce. The amount of buildable land has decreased substantially in the last decade to about 40 total acres as we have reached the Urban Development Boundary. Lastly, this region should be one of the first to feel a lasting an economic recovery as a result of its unique business ties to Latin America and the Carribbean and an everpresent tourism industry. Short term economic cycles are inevitable, but wise investments in real estate can still provide a stable return in the long run. Please email me for more information. Steve@sepm.net.
This unusually fast upward trend in prices was initiated as financial institutions loosened their lending standards creating easy access to money and invented creative financing arrangement
s. During this time period, the federal government kept interest rates unusually low in an attempt to prevent a prolonged recession after the attacks of September 11, 2001. This situation created by the federal reserve and financial institutions kept the cost of borrowing money low. Meanwhile, opportunistic real estate speculators entered the market and purchased commercial units with the intention to re-sell them for higher prices immediately after purchasing. This widespread speculation and insatiable demand resulted in developers selling out their projects before they were complete and purchasing more land to do it again. This caused land prices to spike from $9.00 per square foot to $22.00 per square foot at the apex. Small condo warehouse sale prices went from $85.00 per square foot in 2000 to $160.00 per square foot in 2006 (an 88% increase.) This was, in essense, the "get rich quick" method of property investment instead of the tried and true long term approach of buy, rent and hold.Since 2006 we have seen a substantial correction in both rental and sales prices and I believe we are at or very near a bottom in warehouse prices. If you look at the warehouse sale prices back in 2000 and increased them an average of 3% each year (historical appreciation) for 9 years you would arrive at a value of $111.00 per square foot. This is approximately where our prices are today.
We have seen a substantial increase in warehouse and office rentals since the beginning of 2009 (an average of 1 lease per business day from Jan-June 09) and as the inventory begins to shrink we should see an uptick in rental rates. As the rental rates increase it will attaract more long term investors into the market and will be a stablizing force on values. In addition, prices have now come down to a point where many small businesses can afford them and as credit loosens up, sales should pick up pace.
The office market remains more oversupplied and unpredictable at this point than the warehouse market. However, we have seen aquisitions of entire floors of condo office buildings by large companies which has eliminated some of the over supply in the condo office market. As the supply is drawn down, the office prices should begin to increase again as there is little supply coming onto the market for at least 2 more years.
An evaluation of the big picture is an integral part of any discussion of current and future real estate values. The Tamiami Airport Business District has seen a tremendous increase in residents in the last 9 years and 4 new shopping centers. One center is of regional impact that attracts shoppers from surrounding communities. Our commercial neighborhood will soon be able to be accessed by a new connection to the 826 expressway and possibly the Florida Turnpike. The Tamiami airport, already one of the busiest private executive airports in the country, is expanding a runway to allow for more flights and subsequently more commerce. The amount of buildable land has decreased substantially in the last decade to about 40 total acres as we have reached the Urban Development Boundary. Lastly, this region should be one of the first to feel a lasting an economic recovery as a result of its unique business ties to Latin America and the Carribbean and an everpresent tourism industry. Short term economic cycles are inevitable, but wise investments in real estate can still provide a stable return in the long run. Please email me for more information. Steve@sepm.net.
Monday, June 29, 2009
Tamiami Plaza Warehouse For Sale
Priced right warehouse just South of Tamiami airport in West Kendall area of Miami. This unit has a small groundfloor office that can be expanded. It is a total of 840 sq. ft. with a 10 x 12 street level loading door in front and a door out of the back of the unit. Priced to sell at $85.00 per sq. ft. Great for investor or owner user. Ask us how we can help you rent the unit after purchase. Larger units available in the same complex for sale. Asking $71,400 ($85.00 per sq. ft.) View All My Property Listings:
14330 SW 142nd Avenue
Thursday, June 4, 2009
Consumer Confidence is up in May 2009!
Consumer confidence continues its rebound in May, moving to the highest level since last September as more people are feeling the worst of the recession is behind them.
The Conference Board said Tuesday that its Consumer Confidence Index, which had dramatically increased in April, moved past economists’ expectations to 54.9 from a revised 40.8 in April.
Economists surveyed by Thomson Reuters were expecting 42.3. In February, confidence levels had hit a new historic low of 25.3. The reading marks the highest in eight months when the level was 61.4.
The Conference Board said Tuesday that its Consumer Confidence Index, which had dramatically increased in April, moved past economists’ expectations to 54.9 from a revised 40.8 in April.
Economists surveyed by Thomson Reuters were expecting 42.3. In February, confidence levels had hit a new historic low of 25.3. The reading marks the highest in eight months when the level was 61.4.
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