8925 SW 148th St - Loft/Creative Space FOR SALE


Palmetto Bay, FL 33176- Palmetto Bay North
$5,390,000 USD
786-522-7056
8925 SW 148th St, Palmetto Bay, FL for Sale
$5,390,000 USD
Loft/Creative Space - FOR SALE
1/8
null | 9.68% Cap Rate

8925 SW 148th St
Palmetto Bay, FL 33176
Palmetto Bay North


HIGHLIGHTS

  • Recently Completed 50-Year Recertification
  • Seller Financing Available 40% LTV 2 Years 7% IO
  • Strategic Location That Ensures Easy Access To Major Thoroughfares
  • Ample On-Site Parking
  • Ideally Suited For Small Businesses
  • Strong Tenant Demand

OVERVIEW

Marcus & Millichap is pleased to present for sale Oak Park Professional Center, an attractive Class B office building expertly designed to meet the needs of professionals. Located on the east side of South Dixie Highway, just north of SW 148th Street, this property features approximately 22,884 square feet of executive office space. The center includes a mix of primarily private offices under 1,000 square feet and several suites over 1,000 square feet, offering a unique opportunity for both professional owner-users and investors. This office asset offers excellent visibility and easy access. The property is conveniently close to Coral Gables, Palmetto Expressway (SR 826), Dolphin Expressway (SR 836), Miami International Airport (MIA), and Downtown Miami. This central location ensures that businesses can enjoy seamless connectivity to key areas, making it a prime address for professional firms. Completed 50-Year Recertification The building’s location along South Dixie Highway ensures high visibility, which is crucial for businesses looking to enhance their presence. Prominent signage opportunities allow companies to effectively brand their office space, increasing recognition and attracting clients. Inside, Oak Park Professional Center offers a versatile layout with a mix of private offices and open floor plans. This flexibility caters to a range of business needs, from individual professional practices to collaborative workspaces, and allows for easy reconfiguration to suit specific requirements. Most office suites are under 1,000 square feet, making them ideal for small businesses. Whether you are an engineer, designer, insurance agent, accountant, architect, lawyer, or medical professional, Oak Park Professional Center provides an optimal environment for growth. Ample on-site parking is a significant advantage, ensuring that both employees and clients have convenient and secure parking options. This feature enhances the overall convenience and attractiveness of the property. For investors, Oak Park Professional Center represents a sound investment opportunity. The property’s location, condition, and versatility make it an attractive option for tenants, ensuring a steady demand for office space. The building’s ease of management and maintenance further enhance its appeal as an investment asset. The location, convenience, and overall condition of the property typically attract a long list of tenants looking to occupy space in Oak Park Professional Center. This high demand ensures a consistent rental income, making it a reliable investment. The property’s well-maintained condition and ease of management reduce the overhead costs associated with property ownership. Investors can enjoy a hassle-free experience while benefiting from a stable and lucrative asset. This office building is positioned well for potential appreciation in value. As Miami continues to grow and develop, properties in prime locations like this are likely to see significant increases in value over time. Pro Forma NOI: $517,997

FOR SALE DETAILS

PRICE

$5,390,000 USD

PRICE/SF

$235 USD /SF

CAP RATE

9.68%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Oak Park Professional Center

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

ADD'L SUBTYPES

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1973

SPRINKLERS

-

PARKING SPACES

75

LAND DETAILS

LAND ACRES

0.92 AC

LAND SF

40,075 SF

ZONING

BU-1A, County

APN/PARCEL ID

33-5021-032-0010

ASK ABOUT THIS PROPERTY

Alex ZylberglaitMarcus & MillichapMore Info
786-522-7056

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Alex ZylberglaitMarcus & MillichapMore Info
786-522-7056

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