MUV | 3% Annual Increases | 16635 NE 19th Ave
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MUV | 3% Annual Increases 16635 NE 19th Ave
4,337 SF Office Building Miami, FL 33162 $2,746,000 ($633/SF) 6.75% Cap Rate
Investment Highlights
- 8+ Years Remaining | Award-Winning MÜV | Options to Extend | 3% Annual Rental Increases
- Fronting NE 19th Avenue | Dense Trade Area | Surrounding Retailers | North Miami - Desirable Destination
- Absolute NNN Lease | Fee-Simple | No State Income Tax | No Landlord Responsibilities
- Dense Demographics in 5-Mile Trade Area | Steady Population Growth
Property Facts
Sale Type
Investment
Property Type
Building Size
4,337 SF
Building Class
B
Year Built/Renovated
1981/2023
Price
$2,746,000
Price Per SF
$633
Cap Rate
6.75%
NOI
$185,400
Tenancy
Single
Building Height
1 Story
Typical Floor Size
4,337 SF
Building FAR
0.38
Lot Size
0.26 AC
Parking
16 Spaces (3.69 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Signage
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Walk Score ®
Walker's Paradise (90)
Bike Score ®
Very Bikeable (88)
PROPERTY TAXES
| Parcel Number | 07-2216-001-0280 | Improvements Assessment | $625,000 |
| Land Assessment | $575,000 | Total Assessment | $1,200,000 |
PROPERTY TAXES
Parcel Number
07-2216-001-0280
Land Assessment
$575,000
Improvements Assessment
$625,000
Total Assessment
$1,200,000
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MUV | 3% Annual Increases | 16635 NE 19th Ave
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