12030 SW 129th Ct - Office FOR SALE


Miami, FL 33186
$5,500,000 USD
305-431-2258
12030 SW 129th Ct, Miami, FL for Sale
$5,500,000 USD
Office - FOR SALE
1/15
null | 11.11% Cap Rate

12030 SW 129th Ct
Miami, FL 33186


HIGHLIGHTS

  • 26,000 sqft Class B Office Building in Kendall
  • Off of Kendall Drive, Highly Traveled
  • Can remain Subdivided or Unite for Owner User
  • Ideal for Office or Medical

OVERVIEW

All Uses Permitted in the IU-1 and 3 Districts. Wholesale distribution facilities, warehousing, storage, or offices. Kendall Market 20,000 sf Freestanding 2009-Built Suburban Office Building with Significant Upside on Rents or Available for an Owner-User. Currently housing 19 units, all leased but retained on month-to-month leases for ease of re-tenanting or vacating. Currently generating $185k per year but Pro-Forma rents would easily take this to $611k NOI per year for a nearly 11.11% cap at asking price. Site is on 42k sf lot, with plenty of parking, and in a thriving, very clean and very economically vital corner of Kendall. Modern trends have pushed new-forming families to the suburbs in large numbers, and as such suburban office markets are finding incredible vitality as opposed to more urban product. Because of this, tenancy is only growing in strength and should continue that way.

FOR SALE DETAILS

PRICE

$5,500,000 USD

PRICE/SF

$275 USD /SF

CAP RATE

11.11%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

20K SF Kendall Freestanding Office Gem

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.96 AC

LAND SF

41,818 SF

ZONING

IU-C

APN/PARCEL ID

30-5914-116-0010

ASK ABOUT THIS PROPERTY

Carlos Fausto MirandaFausto Commercial Realty ConsultantsMore Info
305-431-2258

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

Carlos Fausto MirandaFausto Commercial Realty ConsultantsMore Info
305-431-2258

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