7610 Biscayne Blvd - Iconic Biscayne Boulevard Building
$12,000,000
7610 Biscayne Boulevard, Miami, FL 33138
7.07
Cap Rate
14,139 sqft
Building Size
Details:
Highlights:
- Institutional-Caliber Tenant: Leased to the U.S. operating subsidiary of a New York Stock Exchange listed global technology company with a multi-billion dollar balance sheet.
- 7.07% Cap Rate, New 5-Year Lease: A newly executed five-year lease delivers the full term to the buyer at a 7.07% cap rate, with 3% annual rent increases.
- Hands-Off Ownership: Under the triple net (NNN) lease, the tenant pays real estate taxes, insurance and operating expenses, so the owner simply collects rent.
- Completely Renovated in 2025: Mid-century building fully renovated and in excellent condition, with dramatic double-height volume and a landscaped courtyard.
- Irreplaceable Corner Location: Hard corner on Biscayne Boulevard / US-1 at NE 76th Street, three blocks from the NE 79th Street Causeway to Miami Beach.
- Miami Gateway Market: Miami’s growth in population, business relocations and international capital supports long-term demand and value.
- A Building for the Long Term: Corner building with T6-8-O Urban Core zoning, offering flexibility for future owner-occupancy or repositioning when the lease ends.
- Broad Investor Appeal: Turnkey, credit-backed NNN income suited to private investors, family offices, institutions and 1031 exchange buyers alike.
Description:
Chariff Realty Group, as exclusive advisor, offers the fee simple interest in 7610 Biscayne Boulevard, a 14,139 square foot, two-story historic building, completely renovated in 2025, at the northwest corner of Biscayne Boulevard and NE 76th Street in Miami, minutes from Downtown, the Design District and Miami Beach.
The property is 100% leased to the U.S. operating subsidiary of a New York Stock Exchange listed global technology company under a new five-year triple net lease with 3% annual rent increases. The asking price of $12,000,000 reflects a 7.07% cap rate on in-place income.
In plain terms: the buyer owns a landmark Miami building outright and collects rent from a global company that also pays the taxes, insurance and upkeep. It is an equally strong fit for a first Miami acquisition, a long-term family hold or an institutional portfolio.
Documents:
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7610_Biscayne_Blvd_Miami_Offering_Memorandum.pdf
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Location
Gallery