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Festival Plaza 8500 SW 8th St 9,340 SF of Office/Medical Space Available in Miami, FL 33144
HIGHLIGHTS
- Festival Plaza is a 153,000 SF mixed use retail /office park offering unique leasing opportunities and values
- Strategically located at the center of the dynamic Westchester / West Miami Dade trade area in close proximity to Florida Turnpike
- Traffic count exceeds 88,000 vehicles daily at the intersection of 87th Avenue and SW 8th Street
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 8506-8510 | 9,340 SF | 5 Years | $35.00 /SF/YR $2.92 /SF/MO $326,900 /YR $27,242 /MO | Triple Net (NNN) |
8488-8520 SW 8th St - 1st Floor - Ste 8506-8510
Former Surgery Center
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Health Care Space
- Office intensive layout
- Fits 35 - 110 People
- Space is in Excellent Condition
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SELECT TENANTS AT FESTIVAL PLAZA
- Coldstone Creamery
- Planet Fitness
- Starbucks Coffee Company
- Subway
PROPERTY FACTS
| Total Space Available | 9,340 SF | Frontage | |
| Center Type | Neighborhood Center | Gross Leasable Area | 165,057 SF |
| Parking | 603 Spaces | Total Land Area | 67.76 AC |
| Center Properties | 7 | Year Built | 1961 |
| Total Space Available | 9,340 SF |
| Center Type | Neighborhood Center |
| Parking | 603 Spaces |
| Center Properties | 7 |
| Frontage | |
| Gross Leasable Area | 165,057 SF |
| Total Land Area | 67.76 AC |
| Year Built | 1961 |
ABOUT THE PROPERTY
Center in the midst of a complete renovation. equipped with new pylon signage, landscaping, and awnings. Strong National tenant presence in the area for a perfect retail address. Area retailers include strong national and regional tenants such as Starbucks, Planet Fitness, PNC Bank (Opening Soon), El Toro Loco Churasceria, Subway, Rinconcito Latino and many more.
- Banking
- Pylon Sign
- Restaurant
- Signage
NEARBY MAJOR RETAILERS
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Festival Plaza | 8500 SW 8th St
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