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115 SW 8th St
Miami, FL 33130
Retail Property For Sale
Executive Summary
Metro 1 Commercial is proud to present the retail condo at the AC Element Hotel located at 115 SW 8 St, Miami, FL (“The Property”).
Featuring a 22,529 SF retail condo in Miami’s financial hub, Brickell. The Property is currently 78% leased with eight tenants; six on the ground floor and two on the second floor, and a vacant 5,011 SF space on the second floor. Tenants featured include The Standard residences, the national fitness concept PingPod, Silver Mirror Spa with over 10 locations, La Suiza Bakehouse, The Tips Golf, and PNO Piano Lounge.
Located in Brickell, Miami, one of South Florida’s densest and most significant economic hubs. Brickell recently has seen an influx of new capital with Citadel acquiring a $350MM development site, where they are planning a $2.5B HQ, the completion of 830 Brickell, with tenants including Peter Thiel, Microsoft, PE firm Thoma Bravo, and Banco Santander, the groundbreaking of Mercedes Residences, to name a few.
This investment opportunity presents immediate cash flow with a clear path to appreciation and submarket growth.
Featuring a 22,529 SF retail condo in Miami’s financial hub, Brickell. The Property is currently 78% leased with eight tenants; six on the ground floor and two on the second floor, and a vacant 5,011 SF space on the second floor. Tenants featured include The Standard residences, the national fitness concept PingPod, Silver Mirror Spa with over 10 locations, La Suiza Bakehouse, The Tips Golf, and PNO Piano Lounge.
Located in Brickell, Miami, one of South Florida’s densest and most significant economic hubs. Brickell recently has seen an influx of new capital with Citadel acquiring a $350MM development site, where they are planning a $2.5B HQ, the completion of 830 Brickell, with tenants including Peter Thiel, Microsoft, PE firm Thoma Bravo, and Banco Santander, the groundbreaking of Mercedes Residences, to name a few.
This investment opportunity presents immediate cash flow with a clear path to appreciation and submarket growth.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
22,539 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2021
NOI
$1,788,000
Percent Leased
78%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.78
Lot Size
0.66 AC
Zoning
6402
Parking
45 Spaces (2 Spaces per 1,000 SF Leased)
Frontage
100’ on 8TH ST
Amenities
- 24 Hour Access
- Signage
- Air Conditioning
- Smoke Detector
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $50,290,230 |
Property Taxes
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$50,290,230
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