150 SE 2nd Ave
Miami, FL 33131 City Center Miami

Control of a flagship Chase Bank retail condominium at 150 SE 2nd Avenue presents a rare opportunity to acquire the bank's highest-volume Florida branch by deposits. Positioned on the ground floor of the Chase Bank Building at the signalized intersection of SE 2nd Avenue and SE 2nd Street, the property has served Chase Bank since 2002 while maintaining a prominent street-level presence within Downtown Miami's financial district. The retail condominium ownership structure provides direct control of a highly visible urban retail footprint, including valuable signage rights, without many of the maintenance obligations associated with traditional fee-simple ownership.
   
Backed by a corporate guaranty from JPMorgan Chase, the investment offers stable in-place income, contractual rent growth, and embedded upside within a Downtown Miami retail market. The lease includes 3% annual rental escalations throughout the remaining primary term and option periods, supporting consistent net operating income growth and providing protection against inflation. Current rental rates remain below prevailing market levels for comparable Downtown Miami retail space, creating future upside potential through a market rent reset while maintaining a defensive income profile today. Approximately $379,000 in annual net operating income (NOI), investment-grade credit, and a mission-critical branch location further enhance the property's long-term investment appeal.
   
Branch performance and surrounding development activity underscore the location's significance. Deposits have increased from approximately $829 million in 2018 to more than $2.3 billion in 2025, making this the highest-volume Chase Bank branch in Florida. Thousands of luxury residential units have recently been completed or are under development nearby, including Waldorf Astoria Miami, Mandarin Oriental Residences, Nobu Residences, Aston Martin Residences, Baccarat Residences, and Delano Residences. Located a couple of blocks from Interstate 95 and positioned along a primary connection between Downtown Miami and Brickell, the property benefits from exceptional accessibility and placement within an active financial, residential, hospitality, and commercial district that continues to attract significant investment and redevelopment activity.