MUV | 3% Annual Increases 16635 NE 19th Ave
4,337 SF Office Building Miami, FL 33162 $2,728,000 ($629.01/SF) 7% 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
$2,728,000
Price Per SF
$629.01
Cap Rate
7%
NOI
$190,962
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
1 of 1
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 |
