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MIAMI OFFICE PORTFOLIO FOR SALE 18 Office Condos Offered at £7,480,300 in Miami, FL
INVESTMENT HIGHLIGHTS
- Office condominium investment portfolio of 18 fully leased units
- Ample parking
- Minutes from the SW 120th St Turnpike Interchange and Miami Executive Airport
- New roof
EXECUTIVE SUMMARY
This offering is an office condominium investment portfolio of 18 fully leased units (34 total units in complex) at Tamiami Commerce Center. This commercial condominium building sits minutes from the SW 120th St Turnpike Interchange and Miami Executive Airport in the rapidly growing area of West Kendall. The complex has ample parking spaces and it fronts 4 lane SW 128th St which connects to the 874 expressway. The building is newly painted, has a new roof and the parking lot has been resealed. The office units are renovated and modern and range in size from 619 sq ft to 1,510 sq ft. The total square footage of the office units is 23,056 sq ft. The owner controls the association which is well managed and maintains substantial reserves. An office user buyer can move into some of the units and keep the remaining as investment rentals. All units have excellent tenants that are up to date on their rent. $491,442 NOI +/-.
TAXES & OPERATING EXPENSES (ACTUAL - 2024) |
ANNUAL |
|---|---|
| Gross Rental Income |
£498,321
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
£498,321
|
| Taxes |
£51,518
|
| Operating Expenses |
£79,189
|
| Total Expenses |
£130,708
|
| Net Operating Income |
£367,613
|
TAXES & OPERATING EXPENSES (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | £498,321 |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | £498,321 |
| Taxes | |
|---|---|
| Annual | £51,518 |
| Operating Expenses | |
|---|---|
| Annual | £79,189 |
| Total Expenses | |
|---|---|
| Annual | £130,708 |
| Net Operating Income | |
|---|---|
| Annual | £367,613 |
PROPERTY FACTS
| Price | £7,480,300 | Status | Active |
| Price psf | £304.52 / sq ft | Number of Properties | 18 |
| Yield | 4.91% | Individually For Sale | 0 |
| Sale Type | Investment or Owner Occupier | Total Property Size | 24,564 sq ft |
| Price | £7,480,300 |
| Price psf | £304.52 / sq ft |
| Yield | 4.91% |
| Sale Type | Investment or Owner Occupier |
| Status | Active |
| Number of Properties | 18 |
| Individually For Sale | 0 |
| Total Property Size | 24,564 sq ft |
PROPERTIES
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MIAMI OFFICE PORTFOLIO FOR SALE
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