655 Nw 128th St
North Miami, FL 33168
Office Property For Sale

Tiktin Real Estate Investment Services is pleased to present 655 NW 128th Street in North Miami, Florida. This property consists of a 2,910 +/- square foot building, built in 1970, fully renovated in 2018, and situated on a 0.5 acre lot. The property benefits from excellent access to I-95 via the 125th Street on-ramp. Both NW 128th and NW 129th Street have dedicated left turn lanes allowing easy access to the property. The subject property is located mid block between US 441 and I-95 which experience traffic counts in excess of 60,000 and 225,000 cars per day, respectfully. Neighboring retail properties include UHaul, Aaron’s, and Dollar General. This offering is a 10-year sale leaseback with Klaus Parking Systems Atlantic Inc. The lease will call for 7.5% increases every 5 years with 2 five year options. Klaus Multi Parking offers parking solutions and has become a top choice for real estate developers, architects, and general contractors looking to maximize their parking space in limited areas. The North Miami City Council designated the Chinatown Cultural Arts & Innovation District in February 2016. This is comprised of 16 blocks over commercially zoned land along NW 7th Ave, a major North/South state road. There are 60,000 cars per day traveling on NW 7th Ave., which is parallel to I-95. The plan calls for a planned Mixed-Use corridor, with multistory buildings. The City of North Miami has many economic benefits and international trade incentives, which can include a Foreign Trade Zone, Grant Opportunities, Urban Jobs Tax Credit, and a Density Bonus for Increased Development.