1390 NW 14th Ave - Office FOR SALE


Miami, FL 33125
$5,600,000 USD
305-613-4507
1390 NW 14th Ave, Miami, FL for Sale
$5,600,000 USD
Office - FOR SALE
1/22
null | 7.23% Cap Rate

1390 NW 14th Ave
Miami, FL 33125


HIGHLIGHTS

  • Stable Investment: Features a long-term lease agreement with the county, providing a secure cash flow.
  • Recent Developments: Underwent significant renovations, reaching full occupancy in 2017. The county recently renewed their lease at market rates.
  • Strategic Positioning: Located near the intersection of NW 14th Avenue and NW 13th Terrace, just north of the Dolphin Expressway.
  • Adjacent Developments: One block north of River Landing, a new luxury mixed-use project encompassing 2 million SF of retail and residential space
  • Access and Proximity: Close to major highways, with easy access to Wynwood, Downtown Miami, Brickell, Edgewater, South Beach, LoanDepot Park, and MIA

OVERVIEW

Colliers is pleased to present the opportunity to acquire 1390 on the River, a boutique office building located at 1390 NW 14th Avenue, Miami, FL. The property offers outstanding upside potential and is located in the second largest medical district in the United States. The property was renovated and fully leased up in 2017. Ninety percent of the leases expire in the third quarter of 2023, which allows a potential purchaser to raise rents to market rate or an owner/user to occupy the space.

FOR SALE DETAILS

PRICE

$5,600,000 USD

PRICE/SF

$360 USD /SF

CAP RATE

7.23%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1390 on the River

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

5

BUILDING CLASS

B

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

T6-12-0

APN/PARCEL ID

01-3135-013-0040

ASK ABOUT THIS PROPERTY

Virgilio FernandezColliersMore Info
305-613-4507

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Virgilio FernandezColliersMore Info
305-613-4507

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