1800 Biscayne Plaza
$19,900,000
275 NE 18th St, Miami, FL 33132
20,000 sqft
Building Size
10
Units
Details:
Highlights:
- Lot Features: City Location, Corner Lot, Inside Location
- Building Features: Exterior Lighting, Heavy Traffic, Pedestrian Traffic, Private Restrooms
- Number Of Buildings: 1
- Documents Available: Bylaws And Documents, Copy Of Lease(S), Other Available Information
- Cooling: Central Individual A/C
- Heating: Central Individual A/C
- Electric: 110 Volts Power, 220 Volts
- Flooring: Concrete
- Construction Materials: Concrete Block Construction
- Parking Features: Assigned, Common, Covered
- Security Features: Smoke Alarm, Smoke Detector(s), Fire Sprinkler System, Security Lights, Security System
Description:
Exceptional 18,781 SF Class A retail portfolio in Miami's Edgewater neighborhood. 100% occupied with a diverse, credit-worthy tenant mix anchored by JP Morgan Chase and positioned adjacent to Publix.
• New Pricing: $19,900,000 (5.17% Current Cap Rate / 5.56% 10-Yr Average).
• Seller Financing: Highly attractive terms available up to $9M at 6.5% Interest-Only (5-7 year term), drastically maximizing Cash-on-Cash returns. Sale includes 36 excess parking spaces located inside the residential tower. These spaces can be sold off individually to condo residents (current market value $35K-$55K/each) for an immediate return of capital, without affecting the dedicated retail parking on the ground floor and rear exclusive-use lots. Positioned on Biscayne Blvd with superior visibility. Over 10,000 residential units within a 1-mile radius provide a substantial built-in customer base. Turnkey, income-producing trophy asset ideal for 1031 Exchange buyers seeking dependable cash flow and aggressive seller debt. Contact for full OM and pro forma.
Location
Gallery
