• Broker William Wamble 8134348278
  • Broker Patrick Nutt 9543027365

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

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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

ATTACHMENTS

North Miami Beach FL - MUV Verano

PROPERTY FACTS

Sale Type
Investment
Property Type
Office
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

LINKS

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

MAP

ADDITIONAL PHOTOS

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