909 NE 163rd St
North Miami Beach, FL 33162
909 Center · Office Property For Sale
Investment Highlights
- Portfolio of Four (4) Office Condo Units
- Two Suites are currently leased- provides investor with opportunity to lease remaining suites
- The Building is undergoing complete Renovation in 2019-2020
- Two of Four Suites are set up as Medical Office
- Generous 8:1 parking ratio - ideal for Medical practitioners.
- New elevator, hurricane impact windows, common areas have new flooring & lighting, many other improvements
Executive Summary
The Florida Commercial Team is proud to present this Proforma 7.5% Cap Rate Value Add Portfolio of Four(4) Office Condominiums located directly on NE 167 Street, between I95 and Aventura in North Miami Beach. Two of the five units are currently leased, providing a base cash flow while giving the astute investor the opportunity to create strong cash flow by renting the remaining units. Unit sizes range from 1,047 SF - 3,278 SF. Several units are already set up as medical offices complete with exam rooms and sinks. Units may be purchased individually. The Building has undergone a complete renovation including new elevator, new hurricane impact windows & doors, new lobby, hallways, floors, lighting, and other capital improvements. The Property has an excellent parking ratio, making it ideal for any medical use, as well as for attorneys, CPAs and any other user requiring face to face, high traffic businesses. This well-located office building in North Miami Beach, only 5 minutes from Aventura, offers tremendous street front exposure and significant upside potential, with below market rents and the ability to create strong cash flow and long-term appreciation. Please Do Not Disturb Tenants. By appointment only.
Property Facts
| Property Type | Office | No. Stories | 5 |
| Property Subtype | Medical | Year Built/Renovated | 1970/2020 |
| Building Class | B | Parking Ratio | 0.5/1,000 SF |
| Lot Size | 0.98 AC | APN / Parcel ID | 07-2217-037-0040 |
| Rentable Building Area | 32,000 SF | ||
| Zoning | B-2 - Neighborhood Commercial | ||
| Property Type | Office |
| Property Subtype | Medical |
| Building Class | B |
| Lot Size | 0.98 AC |
| Rentable Building Area | 32,000 SF |
| No. Stories | 5 |
| Year Built/Renovated | 1970/2020 |
| Parking Ratio | 0.5/1,000 SF |
| APN / Parcel ID | 07-2217-037-0040 |
| Zoning | B-2 - Neighborhood Commercial |
Amenities
- 24 Hour Access
- Bus Line
- Property Manager on Site
- Security System
- Signage
- Partitioned Offices
- Reception
- Drop Ceiling
- Air Conditioning
