5020 Biscayne Blvd - Specialty FOR SALE


Miami, FL 33137
$25,000,000 USD
561-371-5226
5020 Biscayne Blvd, Miami, FL for Sale
$25,000,000 USD
Specialty - FOR SALE
1/20
null | Request Cap Rate

5020 Biscayne Blvd
Miami, FL 33137


HIGHLIGHTS

  • Gated, 2-story, state-of-the-art recording studio: building can support audio, video, or photography.
  • Property can be accessed via N Federal Hwy or Biscayne Blvd: located in the heart of the Design District.
  • Excellent investment opportunity: average NOI of over $450k over a 5-year term.

OVERVIEW

The property is an excellent investment opportunity that is recently 100% leased with an investment grade credit-rated tenant on a 5-year modified gross lease. (apx 1 year left) NOI is averaged at over $450,000 over the 5-year term. The tenant has two (2) three-year options with yearly escalation on the first option and market rate clause on the second optional term. Future redevelopment is ideal with T6-8 O zoning.

FOR SALE DETAILS

PRICE

$25,000,000 USD

PRICE/SF

$1,791 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1949

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,780 SF

ZONING

T6-8 O

APN/PARCEL ID

01-3219-000-0240

ASK ABOUT THIS PROPERTY

Marcy JavorSignature Commercial Real Estate LLCMore Info
561-371-5226

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

Marcy JavorSignature Commercial Real Estate LLCMore Info
561-371-5226

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