Property Use Type: Investment
Type: Office
Office Building
Building Size: 65,071 SF
Building Class: B
Lot Size: 115,870 SF
Occupancy: 85.00%
Price: $13,750,000
Price/SF: $211.31
Cap Rate: 7.50%
Year Built: 1983
Property Description:
Opportunity for long term hold in one of North Miami's most sought after location! The Skylake Professional Medical Plaza is in the dynamic and highly sought after retail/office market of North Miami/Skylake/Aventura corridor. Just off the Miami Gardens exit in the Aventura area arguably one of the best rental locations in Miami Dade.The subject property consists of 33 medical & related businesses and is 85% occupied.Current rental rates are below market in an area commanding lease rates of $26-28 p/s/f. The building has undergone a complete renovation in 2007. The office building is in a strategic location between I-95 and Aventura, which should insure easy access for the foreseeable future. Minutes to all major expressways! Ideally located on Miami Gardens Drive, approximately 3/4 mile east of I-95 and 3 miles west of Biscayne Boulevard, US 1. Approximately 400 feet of unobstructed frontage along Miami Gardens Drive providing ingress and egress with a traffic signal & 3 curb cuts
Location Description:
Merge onto I-95, Take the SR-860 E exit- EXIT 14, Turn LEFT onto NE MIAMI GARDENS DR / NE 181ST ST / FL-860 E. Continue to follow FL-860 E., End at 1380 Ne Miami Gardens Dr North Miami Beach, FL 33179-4707, US
***NOTE- This offering is subject to errors, omissions, prior sale or withdrawal without notice.
Property Types: Office Building
Institutional/Governmental No. Stories: 2
Medical Office Commission Split: 2%
Office Condo Parking Ratio: 2 / 1,000 SF
TaxID/APN: 3022050000240
