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5020 Biscayne Blvd 13,956 SF Specialty Building Offered at $25,000,000 in Miami, FL 33137
Investment Highlights
- Gated, 2-story, state-of-the-art recording studio: building can support audio, video, or photography.
- Excellent investment opportunity: average NOI of over $450k over a 5-year term.
- Property can be accessed via N Federal Hwy or Biscayne Blvd: located in the heart of the Design District.
Executive Summary
The property is an excellent investment opportunity that is recently 100% leased with an investment grade credit-rated tenant on a 5-year modified gross lease. (apx 1 year left) NOI is averaged at over $450,000 over the 5-year term. The tenant has two (2) three-year options with yearly escalation on the first option and market rate clause on the second optional term. Future redevelopment is ideal with T6-8 O zoning.
Data Room Click Here to Access
Property Facts
Amenities
- Signage
- Air Conditioning
- Smoke Detector
Walk Score®
Very Walkable (73)
Property Taxes
| Parcel Number | 01-3219-000-0240 | Improvements Assessment | $1,033,217 |
| Land Assessment | $3,099,518 | Total Assessment | $4,132,735 |
Property Taxes
Parcel Number
01-3219-000-0240
Land Assessment
$3,099,518
Improvements Assessment
$1,033,217
Total Assessment
$4,132,735
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5020 Biscayne Blvd
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