Just Sold | Little River Commercial Kitchen
Metro 1 and NAI Miami Fort Lauderdale are proud to announce the $2,400,000 sale of 72 NW 79 Street, a 4,065-square-foot commercial kitchen in Little River. Metro 1 and NAI Miami Fort Lauderdale represented the seller. Jesse Spencer of Compass represented the buyer.
The property traded at approximately $590 per square foot and a 7.37% capitalization rate, giving the buyer the opportunity to acquire a fully leased and operational income-producing asset within one of Miami’s most rapidly evolving commercial districts. At closing, the property generated $177,040 in annual net operating income, providing an immediate cash-flow component to the investment.
The sale also speaks to the broader shift taking place across the neighborhood. Little River has evolved well beyond its traditional industrial roots, attracting a mix of creative businesses, hospitality concepts, and entrepreneurs while maintaining the functional infrastructure that makes the area particularly well suited for commercial uses that are difficult to accommodate in more conventional urban districts.
Unlike traditional retail or office investments, commercial kitchen properties serve a highly specialized segment of Miami’s growing food and hospitality ecosystem. This particular facility provides purpose-built infrastructure for its existing single tenant to serve their catering and delivery needs.
For owners of specialized commercial properties, the convergence of income, functionality, and location is creating new opportunities to unlock value. The successful sale of 72 NW 79 Street demonstrates the depth of investor demand for assets that provide tangible utility and establish cash flow while participating in the long-term transformation of Little River.
Metro 1 remains active across Little River and Miami’s emerging commercial districts, helping property owners identify and execute opportunities where specialized real estate and evolving market demand intersect.
Transaction Snapshot
Address: 72 NW 79 St, Miami, FL
Sale Price: $2,400,000
Price PSF: $590 PSF
Cap Rate: 7.37%
Seller’s Rep:
Metro 1: Juan Andres Nava, Djinji Brown, Daniella Sutnick
NAI Miami Fort Lauderdale: Robert Eckstein, Craig Merlin
Buyer’s Rep: Compass, Jesse Spencer
Property Type: Commercial Kitchen
Building Size: 4,065 SF
Land Area: 8,640 SF