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- LoopNet Team
1350 Red Rd
Miami, FL 33144
Only Ground Floor (Units 1,2,3,4,5,6) · Office Property For Sale
EXECUTIVE SUMMARY
The Porosoff Group of Compass Commercial is proud to present the Office Condos of 1350 Red Road in Miami, Florida. The offering consists of four separate units spanning 6 commercial condo spaces each with 786 rentable square feet. One of the spaces consists of three combined units for a suite size of 2,358 SF. The subject property consists of the entire rentable first floor of this three-story office condo. The property was built in 1984 and sits on a 0.65 Acres (28,314 SF) lot. The subject property is currently occupied by four tenants; Casteleiro Consulting, El Buen Samaritano Dental, Pino Pharmacy, and Aponte Dental. As each tenant is involved in the medical field, buildings with higher percentages of medical specialty tenants generally have less turnover and tend to perform well economically. Currently, a majority of the space is on under-market leases. An investor could add value by increases the month-to-month leases to market rates and continue to adjust rents as existing leases come due.
PROPERTY FACTS
| Property Type | Office | No. Stories | 1 |
| Property Subtype | Medical | Year Built | 1984 |
| Building Class | B | Parking Ratio | 11.03/1,000 SF |
| Lot Size | 0.65 AC | APN / Parcel ID | |
| Rentable Building Area | 4,716 SF | ||
| Zoning | C | ||
| Property Type | Office |
| Property Subtype | Medical |
| Building Class | B |
| Lot Size | 0.65 AC |
| Rentable Building Area | 4,716 SF |
| No. Stories | 1 |
| Year Built | 1984 |
| Parking Ratio | 11.03/1,000 SF |
| APN / Parcel ID | |
| Zoning | C |
AMENITIES
- Bus Line
