International City Building - I | 150 NW 168th St
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International City Building - I 150 NW 168th St
25,902 SF 46% Leased Office Building North Miami Beach, FL 33169 $7,175,000 ($277/SF) 7.17% Cap Rate
Investment Highlights
- Directly In Front Of Jackson North Medical Center
- Significant Recent Capital Improvements in excess of $3M
- Excellent Owner-User Opportunity for Medical or Other Services
- Prime Location, Strategically Located At The Golden Glades Interchange, Next TO I-95, Florida Turnpike, And Palmetto Expressway (SR-826)
Executive Summary
Marcus & Millichap is proud to present for sale International City Building I located at 150 NW 168th St North Miami Beach FL 33169, offering a generous approximate 26,000 square feet of rentable space, situated on a spacious 0.86 AC lot, providing ample parking, boasting a ratio of 3.3 per 1000 feet of rentable area.
International City Building I is strategically located near the Golden Glades Interchange; Florida’s most connected point in the state, connecting Florida’s Turnpike, Interstate 95, SR-441, SR-9, and the Palmetto Expressway (SR-826). Access to Interstate 95 and the Palmetto Expressway (826) makes commuting very easy for employees and clients.
This building has been exceptionally maintained throughout current ownership’s tenure, approximately $3,000,000 has been spent on recent improvements and in April ICB-I completed and passed its 40-Year recertification ensuring the building meets the highest standards of quality and safety.
The flexible floor plan of this property allows you to cater to various business needs, from medical facilities to professional office and services. The presence of two elevators and covered parking adds further convenience and accessibility. Being directly in front of Jackson North Medical Center makes it an attractive option for practices related to healthcare services.
International City Building I is strategically located near the Golden Glades Interchange; Florida’s most connected point in the state, connecting Florida’s Turnpike, Interstate 95, SR-441, SR-9, and the Palmetto Expressway (SR-826). Access to Interstate 95 and the Palmetto Expressway (826) makes commuting very easy for employees and clients.
This building has been exceptionally maintained throughout current ownership’s tenure, approximately $3,000,000 has been spent on recent improvements and in April ICB-I completed and passed its 40-Year recertification ensuring the building meets the highest standards of quality and safety.
The flexible floor plan of this property allows you to cater to various business needs, from medical facilities to professional office and services. The presence of two elevators and covered parking adds further convenience and accessibility. Being directly in front of Jackson North Medical Center makes it an attractive option for practices related to healthcare services.
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Office
Property Subtype
Building Size
25,902 SF
Building Class
B
Year Built/Renovated
1973/2023
Price
$7,175,000
Price Per SF
$277
Cap Rate
7.17%
NOI
$514,439
Percent Leased
46%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
12,951 SF
Slab To Slab
12’
Building FAR
0.69
Lot Size
0.86 AC
Zoning
B-2, North Miami Bec - North Miami Beach B-2, General Business District
Parking
85 Spaces (3.28 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
This is a floor built out medical health facility with private lobby and upgraded finishes. Ready for medical clinic use.
- 3rd Fl-Ste 302
- 1,300 SF
- Office
- Full Build-Out
- Now
- 3rd Fl-Ste 304
- 2,040 SF
- Office
- Full Build-Out
- Now
- 3rd Fl-Ste 306
- 600 SF
- Office
- Full Build-Out
- Now
- 3rd Fl-Ste 307
- 1,062 SF
- Office
- Full Build-Out
- Now
| Space | Size | Space Use | Condition | Available |
| 2nd Floor | 12,700 SF | Office/Medical | Full Build-Out | Now |
| 3rd Fl-Ste 302 | 1,300 SF | Office | Full Build-Out | Now |
| 3rd Fl-Ste 304 | 2,040 SF | Office | Full Build-Out | Now |
| 3rd Fl-Ste 306 | 600 SF | Office | Full Build-Out | Now |
| 3rd Fl-Ste 307 | 1,062 SF | Office | Full Build-Out | Now |
2nd Floor
| Size |
| 12,700 SF |
| Space Use |
| Office/Medical |
| Condition |
| Full Build-Out |
| Available |
| Now |
3rd Fl-Ste 302
| Size |
| 1,300 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
3rd Fl-Ste 304
| Size |
| 2,040 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
3rd Fl-Ste 306
| Size |
| 600 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
3rd Fl-Ste 307
| Size |
| 1,062 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Floor
| Size | 12,700 SF |
| Space Use | Office/Medical |
| Condition | Full Build-Out |
| Available | Now |
This is a floor built out medical health facility with private lobby and upgraded finishes. Ready for medical clinic use.
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PROPERTY TAXES
| Parcel Number | 07-2113-007-2320 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $3,283,500 |
PROPERTY TAXES
Parcel Number
07-2113-007-2320
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$3,283,500
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International City Building - I | 150 NW 168th St
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