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8501 SW 124th Ave - Professional Arts Center At Kendall Village

2,149 - 20,220 SF Condo Units Offered at $1,300,000 - $10,000,000 Per Unit in Miami, FL 33183

Investment Highlights

  • Existing built out office with tenant in place
  • Prime investment opportunity

Executive Summary

Existing built out office with tenant in place. Lease expires on 8.31.25 however they can exercise renewal option by 8.31.24

Property Facts

Price $1,300,000 - $10,000,000
Unit Size 2,149 - 20,220 SF
No. Units 2
Total Building Size 95,787 SF
Property Type Office
Property Subtype Medical
Building Class B
Floors 3
Typical Floor Size 30,000 SF
Year Built 2007
Lot Size 1.87 AC
Parking Ratio 0.66/1,000 SF

2 Units Available

Unit 203

Unit Size 2,149 SF
Price $1,300,000
Price Per SF $604.93
Condo Use Office/Medical
Sale Type Investment
No. Parking Spaces 5
Sale Conditions Lease Option
APN/Parcel ID 30-4936-038-0260
Description

Built out general office space

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Unit 301

Unit Size 20,220 SF
Price $10,000,000
Price Per SF $494.56
Condo Use Office
Sale Type Investment or Owner User
Cap Rate 6.45%
NOI $645,000
APN/Parcel ID 30-4936-038-0460
Description

Existing NSU space consisting of most of the entire 3rd floor located within the Professional Arts Center at Kendall Village. Builtout as classroom space. Major Signage available facing FL. Turnpike

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Amenities

  • 24 Hour Access
  • Property Manager on Site
  • Security System
  • Central Heating
  • High Ceilings
  • Natural Light
  • Partitioned Offices
  • Air Conditioning

zoning

Zoning Code BU-2 (GENERAL BUSINESS)
BU-2 (GENERAL BUSINESS)
  • Listing ID: 32826340

  • Date on Market: 8/15/2024

  • Last Updated:

  • Address: 8501 SW 124th Ave, Miami, FL 33183

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