About This Property

Free-standing Class A Brickell medical office building. Built in 2019, CBS construction, 23,231 SF, underground parking, floor-to-ceiling glass, rooftop area. T6-8O under Miami 21, highest-intensity urban core transect — medical offices, surgical suites, outpatient procedure centers, dental/oral surgery operations by right; vacancy sits at a historic low of 6.1%-new construction supply is virtually nonexistent. Over $4M in tenant improvements and medical buildout, Current Miami Class A medical rates of $110–$130/SF NNN — pro forma NOI of over $600,000 and a stabilized value well in excess of the asking price. At $10,000,000 — representing $865/SF on net rentable area — this offering is priced significantly below the qualified closed-comp average of $851–$994/SF for far inferior, older product on the same corridor. Replacement cost alone for new surgical-grade medical construction exceeds $450–$1,020/SF, making this a rare opportunity to acquire an irreplaceable asset below replacement cost. The seller is motivated and open to offers. A fast closing is preferred. This is an exceptional opportunity for an owner-user, medical operator, or healthcare investor seeking a trophy medical asset in one of the strongest medical office markets in the United States.

Key Features

• 9,687 SquareFeet Lot
• Built in 2019

Property Details

• Type: Single Family Home
• Year Built: 2019
• Lot Size: 9,687 sq ft
• HOA: Contact Agent
• Bedrooms: 0
• Bathrooms: 0
• Feature: 9,687 SquareFeet Lot
• Feature: Built in 2019
• Status: Active
• MLS Number: 1173903358
• Days on Market: 130
• Listed By: Premier Properties · Ivette Agusti
• Zip Code: 33129