Historic Huntington Bldg- Office 1202 | 168 SE 1st St
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Historic Huntington Bldg- Office 1202 168 SE 1st St
120,000 SF 88% Leased Office Building Miami, FL 33131 $474,000 ($4/SF) 6.87% Cap Rate
Executive Summary
BROKER’S LLC is proud to present the exclusive sale of an office in the historical Huntington building in the heart of downtown Miami. The building has been recently renovated and has passed all the Miami building department requirements. Located on the 12th floor, it has eight office spaces, one conference room, and one bathroom. The HOA is $685.13 and covers the water, and association bills for electricity is $104. 64. The Office can also be rented for $4,000.00 a month or optionally each half for $2,100 for each half. This prime office space offers a prestigious location and versatile functionality, ideal for professionals seeking a central downtown Miami address.
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
120,000 SF
Building Class
B
Year Built
1925
Price
$474,000
Price Per SF
$4
Cap Rate
6.87%
NOI
$32,564
Percent Leased
88%
Tenancy
Multiple
Building Height
13 Stories
Typical Floor Size
1,660 SF
Slab To Slab
12’
Building FAR
3.99
Lot Size
0.69 AC
Zoning
6401 COMMERCIAL
Amenities
- 24 Hour Access
- Controlled Access
- Conferencing Facility
- Air Conditioning
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Walk Score®
Walker's Paradise (99)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (80)
PROPERTY TAXES
| Parcel Number | 01-4138-039-0120 | Total Assessment | $361,548 |
| Land Assessment | $0 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $0 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
01-4138-039-0120
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$361,548
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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Historic Huntington Bldg- Office 1202 | 168 SE 1st St
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