1200 Brickell Ave - Office/Residential CONDO FOR SALE


Miami, FL 33131
$2,900,000 USD
786-218-8964
1200 Brickell Ave, Miami, FL for Sale
$2,900,000 USD
Office/Residential CONDO - FOR SALE
1/36
null | 4.86% Cap Rate

1200 Brickell Ave
Miami, FL 33131


OVERVIEW

AG Commercial Real Estate Advisors is pleased to offer the opportunity to acquire this trophy location office condominium leased to Babson College, one of the most prominent education institutions in the US. This property is centrally located right in the heart of the 10th largest metropolitan area in the United States with a GDP of S409.4 billion as of 2022. Babson has been operating this campus under a full service lease with favorable 3% increases per year since 2018. They recently exercised a ten (10) year lease extension showing full commitment to the site. Babson College is one of nations most prestigious higher education institution. • Offers MBA programs. • Long Term Tenancy Since 2108. • Just Began First year of a ten (10) year lease renewal. • Rare 3% Increases Per Year. • Approximately 10% Below Market Rate.

FOR SALE DETAILS

PRICE

$2,900,000 USD

PRICE/SF

$534 USD /SF

CAP RATE

4.86%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Babson College

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

TOTAL BUILDING SIZE

250,000 SF

STORIES

20

BUILDING CLASS

A

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

548

LAND DETAILS

LAND ACRES

2.06 AC

LAND SF

89,734 SF

ZONING

T6-48A-O

APN/PARCEL ID

01-0209-090-1300,01-4138-142-0220,01-4138-142-0560,01-4138-142-0570,01-4138-142-0580

ASK ABOUT THIS PROPERTY

Carlos ChavarroAG Real Estate Advisors, LLCMore Info
786-218-8964

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Carlos ChavarroAG Real Estate Advisors, LLCMore Info
786-218-8964

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.