CAP RATE 5%
REAL ESTATE PROPERTY IS FOR SALE NOT THE BUSINESS
Current Tenant: Pre-school
Property: Commercial full floor across Brickell City Centre Complex Mall
Location: 25 SW 9th Unit:4th floor, Miami, FL 33130 (Heart of Brickell Financial District)
SqFt: 7,279 (floor plan attached)
Contract length: 4 years on current tenant and 16 years left on the contract
ROUND UPS NOI: 2021 $291,000 / 2022 $300,00 / 2023 309,000 / 2024 $318,000 / 2025 $328,000 / 2025 $338,000 / 2026 $348,000 and following year 11 onward a 3% adjustment yearly
TENAT COVERS ALL EXPENSES: Insurance / Property Tax / Condominium Maintenance
Neighboor tenants: APPLE STORE/ SACKS FIFTH AVENUE/ SEPHORA / CAPITAL ONE / EQUINOX / CHIPOTLE / PF CHANG'S / BURGER KING / SLS HOTEL
Courtesy of: Piquet Realty MIAMI Association of REALTORS® is not responsible for the accuracy of the information listed above. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program and the South East Florida Regional MLS and is provided here for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than the office owning this website are marked with the IDX logo and detailed information about them includes the name of the listing brokers. Data provided is deemed reliable but not guaranteed. Copyright MIAMI Association of REALTORS®, MLS All rights reserved. Updated: 26th October, 2021 9:11 PM
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