Basics
- Lot Size Units: Square Feet
- Category: Commercial Sale
- Type: Office
- Status: Active
- Bathrooms: 0
- Year built: 2009
- MLS ID: A11535862
Description
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Description:
Kendall Market 25,642 sf Freestanding 2009-Built Suburban Office Building with Significant Upside on Rents or Available for an Owner-User. Currently housing 19 units, all leased but retained on month-to-month leases for ease of re-tenanting or vacating. Currently generating $185k per year but Pro-Forma rents would easily take this to $611k NOI per year for a nearly 10% cap at asking price. Site is on 42k sf lot, with plenty of parking, and in a thriving, very clean and very economically vital corner of Kendall. Modern trends have pushed new-forming families to the suburbs in large numbers, and as such suburban office markets are finding incredible vitality as opposed to more urban product. Because of this, tenancy is only growing in strength and should continue that way.
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Property details
- Total Building Area: 25642
- Lot Size Square Feet: 42000
- Parcel Number: 30-59-14-116-0010
- Lot Size Area: 42000
Property Features
- Covered Spaces: 0
Location Details
- County Or Parish: Miami-Dade County
- Zoning Description: 7700
Fees & Taxes
- Tax Annual Amount: 42635
- Tax Legal Description: SHORES INDUSTRIAL PARK AMENDED PB 165-45 T-22235 LOT 3A BLK 1 LOT SIZE 42000 SQ FT FAU 30 5914 018 0030 & 0040 COC 25712-2070 06 2007 6
Miscellaneous
- Public Survey Township: 30
- Public Survey Section: 14
- Syndication Remarks: Kendall Market 25,642 sf Freestanding 2009-Built Suburban Office Building with Significant Upside on Rents or Available for an Owner-User.
Ask our real estate expert about this property
This Office-type commercial real estate is located in 129th Ct, Miami, was built in 2009, and is listed at $6,300,000.