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78 SW 13th Ave
Miami, FL 33135
Office Property For Sale
Investment Highlights
- Triple net lease with long-standing cancer treatment tenant - 2024 NOI of $657,000 with over 7 years remaining on lease and 3% annual rent increase
- Estimated NOI of $717,000 post completion of new surface parking lot and lease up of second existing building
- Five lot assemblage of 0.83 acres in the heart of Little Havana. Favorable T6 8-O zoning.
- Very attractive annual free cash flow while waiting to develop this five lot corner assemblage
Property Facts
Property Type
Office
Property Subtype
Medical
Building Size
13,188 SF
Building Class
B
Year Built/Renovated
1963/2009
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
6,594 SF
Building FAR
0.36
Lot Size
0.83 AC
Zoning
T6-8 O - Favorable T6-8 O Urban Core Zone inside Urban Development Boundary
Parking
46 Spaces (3.49 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 01-4102-006-0810 | Improvements Assessment | $850,000 |
| Land Assessment | $950,000 | Total Assessment | $1,800,000 |
Property Taxes
Parcel Number
01-4102-006-0810
Land Assessment
$950,000
Improvements Assessment
$850,000
Total Assessment
$1,800,000
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