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290 NW 165th St
North Miami, FL 33169
Citi Centre · Office Property For Sale
INVESTMENT HIGHLIGHTS
- Prime North Miami Beach medical corridor
- Immediate access I-95, Turnpike, SR-826
- Attractive value-add through occupancy and rent growth
- Adjacent to Jackson North Medical Center
- Renovated 2022, no deferred maintenance
- Visibility from 200,000+ vehicles daily
EXECUTIVE SUMMARY
Marcus & Millichap is proud to present Citi Centre, a 46,324-square-foot of?ce building offered at $10,500,000 ($226.66 per SF), representing a compelling basis well below replacement cost. Located in North Miami Beach, Citi Centre sits on a 1.54-acre parcel and offers investors the opportunity to acquire a stabilized, income-producing asset with long-term leases and value-add potential through lease-up and rent growth.
Originally built in 1986 and renovated 2022, the property is strategically located adjacent to Jackson North Medical Center and the Golden Glades Interchange, providing immediate access to Interstate 95, Florida’s Turnpike, and State Road 826—a key advantage for tenants operating across Miami-Dade and Broward counties.
Citi Centre bene?ts from its central position along the 167th Street Corridor, a high-growth commercial area experiencing revitalization led by national tenants such as Home Depot and Walmart. This corridor’s ongoing transformation has elevated market fundamentals and attracted capital investment from both institutional and private stakeholders.
The property features 26 suites, ample surface parking (2.96/1,000 SF), 24-hour security access, and proximity to both Miami International Airport and Fort Lauderdale-Hollywood International Airport, enhancing its appeal to a wide range of business and medical of?ce users.
Originally built in 1986 and renovated 2022, the property is strategically located adjacent to Jackson North Medical Center and the Golden Glades Interchange, providing immediate access to Interstate 95, Florida’s Turnpike, and State Road 826—a key advantage for tenants operating across Miami-Dade and Broward counties.
Citi Centre bene?ts from its central position along the 167th Street Corridor, a high-growth commercial area experiencing revitalization led by national tenants such as Home Depot and Walmart. This corridor’s ongoing transformation has elevated market fundamentals and attracted capital investment from both institutional and private stakeholders.
The property features 26 suites, ample surface parking (2.96/1,000 SF), 24-hour security access, and proximity to both Miami International Airport and Fort Lauderdale-Hollywood International Airport, enhancing its appeal to a wide range of business and medical of?ce users.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Building Size
46,324 SF
Building Class
B
Year Built/Renovated
1986/2022
Price
$10,500,000
Price Per SF
$226.66
Cap Rate
8%
NOI
$840,000
Percent Leased
70%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
11,581 SF
Building FAR
0.69
Lot Size
1.54 AC
Zoning
RU-5A - RU-5A Semi-professional Office District
Parking
137 Spaces (2.96 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Atrium
- Bus Line
- Property Manager on Site
- Security System
- Reception
- Storage Space
- Natural Light
- Open-Plan
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 30-2113-000-0120 | Improvements Assessment | $5,223,664 |
| Land Assessment | $1,876,336 | Total Assessment | $7,100,000 |
PROPERTY TAXES
Parcel Number
30-2113-000-0120
Land Assessment
$1,876,336
Improvements Assessment
$5,223,664
Total Assessment
$7,100,000
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