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14 NE 1st Ave - One Flagler Office Bldg.
1,100 - 21,523 SF Condo Units Offered at $495,000 - $10,500,000 Per Unit in Miami, FL 33132
Investment Highlights
- Iconic mid-century design
- New, modern, attended lobby, Conference rooms Lounge and juice bar
- State-of-the-art connectivity 24-hr security
- Premium downtown location
- Modernized elevators
- Valet parking
Executive Summary
Luxury Office space located in a historical masterpiece building! Amid the excitement and energy of Miami’s Central Business District, One Flagler stands as a masterpiece of mid-century modern design. Ahead of its time, One Flagler featured Miami’s first curtain wall construction.
Property Facts
4 Units Available
Unit 1st+2nd Fl
| Unit Size | 21,523 SF | Sale Type | Investment |
| Price | $10,500,000 | Cap Rate | 5.69% |
| Price Per SF | $487.85 | NOI | $597,427 |
| Condo Use | Retail | Sale Conditions | 1031 Exchange |
| Unit Size | 21,523 SF |
| Price | $10,500,000 |
| Price Per SF | $487.85 |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 5.69% |
| NOI | $597,427 |
| Sale Conditions | 1031 Exchange |
Description
FA Commercial is pleased to exclusively present luxury Retails & Office units available for sale. Located in a historical masterpiece building recently renovated, the building hosts cutting-edge technology in its amenities and design while maintaining the iconic character that has set apart the building since its construction Amid the excitement and energy of Miami’s Central Business District, One Flagler stands as a masterpiece of mid-century modern design.
Sale Notes
Tenants: 7 tenants (6 ground retail & 1 second floor) fully leased
Floors: 2 ( Ground floor & 2nd Floor)
Premium downtown location
Close to premium restaurants and leisure spots of Downtown and Brickell Area
Tenants: First American Bank, City of Miami, Metro by T-Mobile.
Possible to purchase together or separate
Unit Entire Fl
| Unit Size | 11,390 SF | Sale Type | Investment |
| Price | $2,891,424 | Cap Rate | 6.25% |
| Price Per SF | $253.86 | NOI | $180,714 |
| Condo Use | Office |
| Unit Size | 11,390 SF |
| Price | $2,891,424 |
| Price Per SF | $253.86 |
| Condo Use | Office |
| Sale Type | Investment |
| Cap Rate | 6.25% |
| NOI | $180,714 |
Description
FA Commercial is pleased to exclusively present this 11,390 SF 2nd floor office as a investment. The deal has a lot of upside, with the potential to increase future rents, making it a true value add play. Surrounded by the major developments in the area such as Miami World Center, Waldorf Astoria, and the Aston Martin Residences.
Sale Notes
Tenant: City of Miami Government Lease
Fully leased
Premium downtown location
Close to premium restaurants and leisure spots of Downtown and Brickell Area
Unit Entire Fl
| Unit Size | 10,133 SF | Sale Type | Investment |
| Price | $8,000,000 | Cap Rate | 5.21% |
| Price Per SF | $789.50 | NOI | $416,713 |
| Condo Use | Retail |
| Unit Size | 10,133 SF |
| Price | $8,000,000 |
| Price Per SF | $789.50 |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 5.21% |
| NOI | $416,713 |
Description
FA Commercial is pleased to exclusively present the ground floor retail as a NNN investment. The sale includes 6 ground floor retail tenants such as First American Bank & Metro by T-Mobile. The deal has a lot of upside, with the potential to increase future rents and convert gross leases to NNN, making it a true value add play. Surrounded by the major developments in the area such as Miami World Center, Waldorf Astoria, and the Aston Martin Residences.
Sale Notes
Tenants: 6 tenants - 100% leased
Premium downtown location
Close to premium restaurants and leisure spots of Downtown and Brickell Area
Tenants: First American Bank, City of Miami, Metro by T-Mobile.
Unit 1209
| Unit Size | 1,100 SF | Condo Use | Office |
| Price | $495,000 | Sale Type | Investment |
| Price Per SF | $450.00 | APN/Parcel ID | 01-4137-074-1910 |
| Unit Size | 1,100 SF |
| Price | $495,000 |
| Price Per SF | $450.00 |
| Condo Use | Office |
| Sale Type | Investment |
| APN/Parcel ID | 01-4137-074-1910 |
Description
One Flagler is the Iconic & recently restored Morris Lapidus designed Miami Modern office tower in the heart of the resurgent downtown Miami. Unit 1401, or lower penthouse, is fully built out with 3 offices & walls of glass . Exposed concrete ceilings & A/C ducts contribute to the creative office-loft experience. This boutique building offers attended lobby, business center, conference rooms, valet parking & is steps to Metro Mover, Metrorail, Brightline & the Dade County Courthouse.
Sale Notes
Matterport Link: https://my.matterport.com/show/?m=xX9q7eik8Kn
Major Tenant Information
| TENANT | SF OCCUPIED | LEASE END DATE |
|---|---|---|
| Ideal Personnel Services |
4,000 SF
|
-
|
| Immigrate USA |
3,518 SF
|
October 2019
|
| Klouros Armandeh |
3,000 SF
|
-
|
| Wadsworth Huott LLP |
3,000 SF
|
-
|
| Benchmark Realty |
3,000 SF
|
-
|
Amenities
- 24 Hour Access
- Banking
- Bus Line
- Controlled Access
- Commuter Rail
- Conferencing Facility
- Property Manager on Site
- High Ceilings
- Reception
- Hardwood Floors
- Air Conditioning
zoning
| Zoning Code | T6-80-O, 6401 (Commercial) |
| T6-80-O, 6401 (Commercial) |
Presented by
14 NE 1st Ave - One Flagler Office Bldg.
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