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56 Parkwood 10250 SW 56th St 28,581 SF 94% Leased Office Building Miami, FL 33165 $7,100,000 ($248.42/SF) 5.57% Cap Rate
Investment Highlights
- Building mostly occupied with medical tenants with a long history of tenancy.
- The property offers 21 suites with varying sizes, catering to both small businesses and larger corporate tenants.
- Built in 1990 and consistently well-maintained, Parkwood Office Plaza is in strong condition, minimizing immediate capital expenditure.
- With an occupancy rate of 94.32%, the property benefits from a diverse tenant mix, ensuring stable cash flow.
- The property provides a current Cap Rate of 5.57%, with potential for an increase to 6.14%, offering solid returns for investors.
- The property is located near prominent business centers, enhancing its appeal and long-term value.
Executive Summary
Marcus and Millichap - The Zylberglait Group is proud to present Parkwood Office
Plaza, a premier office building located at 10250 Southwest 56th Street, Miami, FL.
This property offers 28,581 SF of office space, with 21 suites available for lease,
catering to a range of tenants. The building is well-suited for small businesses or large
corporate tenants, with flexible spaces designed for a modern working environment.
Strategically located in a desirable area of Miami, the property benefits from excellent
accessibility and visibility. It is situated near key amenities such as Broward Mall and
Westside Regional Medical Center, making it an attractive location for businesses. The
building is also conveniently located with access to major transportation routes,
enhancing its appeal to tenants and ensuring easy connectivity to the greater Miami
area.
With an occupancy rate of 94.32% and a stable income stream, Parkwood Office Plaza
is a solid investment opportunity. The property’s projected Cap Rate of 5.57%, with
potential increases, ensures a strong return on investment. Its current and pro forma
financials indicate steady cash flow and long-term profitability, making it a prime asset
for investors seeking consistent income and growth in a growing market.
Plaza, a premier office building located at 10250 Southwest 56th Street, Miami, FL.
This property offers 28,581 SF of office space, with 21 suites available for lease,
catering to a range of tenants. The building is well-suited for small businesses or large
corporate tenants, with flexible spaces designed for a modern working environment.
Strategically located in a desirable area of Miami, the property benefits from excellent
accessibility and visibility. It is situated near key amenities such as Broward Mall and
Westside Regional Medical Center, making it an attractive location for businesses. The
building is also conveniently located with access to major transportation routes,
enhancing its appeal to tenants and ensuring easy connectivity to the greater Miami
area.
With an occupancy rate of 94.32% and a stable income stream, Parkwood Office Plaza
is a solid investment opportunity. The property’s projected Cap Rate of 5.57%, with
potential increases, ensures a strong return on investment. Its current and pro forma
financials indicate steady cash flow and long-term profitability, making it a prime asset
for investors seeking consistent income and growth in a growing market.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
28,581 SF
Building Class
C
Year Built
1990
Price
$7,100,000
Price Per SF
$248.42
Cap Rate
5.57%
NOI
$395,470
Percent Leased
94%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
14,291 SF
Building FAR
0.55
Lot Size
1.19 AC
Zoning
6900 - 018 - Multi-Story Office
Parking
69 Spaces (2.41 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
***FIRST MONTH FREE ***
***FIRST MONTH FREE ***
***FIRST MONTH FREE ***
| Space | Size | Space Use | Build-Out | Available |
| 2nd Fl-Ste B201 | 1,622 SF | Office | Full Build-Out | Now |
| 2nd Fl-Ste B202 | 945 SF | Office | Full Build-Out | Now |
| 2nd Fl-Ste C202 | 1,700 SF | Office | Full Build-Out | Now |
2nd Fl-Ste B201
| Size |
| 1,622 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste B202
| Size |
| 945 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste C202
| Size |
| 1,700 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste B201
| Size | 1,622 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
***FIRST MONTH FREE ***
2nd Fl-Ste B202
| Size | 945 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
***FIRST MONTH FREE ***
2nd Fl-Ste C202
| Size | 1,700 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
***FIRST MONTH FREE ***
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Moderately walkable
70/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 30-4029-002-0080 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $4,169,000 |
Property Taxes
Parcel Number
30-4029-002-0080
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$4,169,000
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56 Parkwood | 10250 SW 56th St
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