17-Unit Office Condo Portfolio, Miami, FL 33016
Sale
[metaslider id=1053]
| Asset Type | Commercial | ||
| Starting Bid | $800,000 | ||
| Bid Deposit Amount | $10,000 | ||
| Property | 17-Unit Office Condo Portfolio | ||
| Property Description | 17 Office Condo Units totaling ±17,924 SF in Miami Lakes, FL | ||
| Square Footage | 17,924 | ||
| Net Rentable Area | 17,924 | ||
| Year Built | 1983 | ||
| Number of Buildings | 1 | ||
| Number of Stories | 3 | ||
| Number of Units | 17 | ||
| Occupancy | 100.0({13dda1d77f96bc4e01ab58573f90526d30fd6d90710a0f0937fcfa918c15c232}) | ||
| Buyer’s Premium | 5{13dda1d77f96bc4e01ab58573f90526d30fd6d90710a0f0937fcfa918c15c232} of Winning Bid Amount (A minimum of $20,000 will apply) | ||
We present the opportunity to acquire 17 office condominium units containing a total of ±17,924 SF located in Miami Lakes, FL.
The units are currently 100{13dda1d77f96bc4e01ab58573f90526d30fd6d90710a0f0937fcfa918c15c232} leased at an average rental rate of ±$21.04 per SF gross, with leases expiring between 2015-2019. Located within The Lakes Frontage Center condominium, this Class B office condominium building is located in the suburban Miami community of Miami Lakes, Florida. The Lakes Frontage Center condominium contains a total of ±31,300 sf RBA, and was built in 1983. Since purchasing the building in 2013, the current owner has made significant repairs and common area upgrades in order to improve the building’s competitive market position.
Miami Lakes is a suburban office market comprised of Class B and Class C buildings, located ±15 northwest of CBD Miami, with the primary growth/development period for commercial uses in the 1980s-2000s. This property offers great access to the Palmetto Expressway & I-75 and is close to the Miami International Airport.
- Property Type: Land
- Furnishing: Not Applicable
- Tenure: Not Applicable