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888 Biscayne Blvd

Miami, FL 33132

$489,000

Medical Condo For Sale  •  2,140 Sq Ft

Property Details

  • Property Type Medical
  • Total Building Size 50,000 Sq Ft
  • Lot Size 1.45 ac
  • Building Class A
  • Year Built 2006
  • Cap Rate 7.80 %
  • Tenancy Multiple
  • Zoning Mixed
100 Transit Score
89 Walk Score

1 Unit Available

Name Condo Use Size Price Details
2nd Floor - Unit 201 Office 2,140 SF $489,000
  • Unit Size: 2,140 SF
  • Condo Use: Office
  • Price: $489,000
  • Sale Type: Investment or Owner User
  • Price/SF: $228.50
Description
Secluded 2nd floor office space in "Marina Blue" with the benefit of no windows for sound immersion & privacy.  Perfect for entertainment/production-studios, technical-educational-testing facility, back-office production, or creative office/meeting room use in 2,140 SF. This condo-office offers an interior kitchen & storage, adaptability in how to demise, separate Execute-office or meeting room, variable ceiling heights, accessed through a professional lobby to impress, & has one semi-private bathroom on a mostly private hall-way from elevators.

Sale Notes
A bargain at only $229/SF +/- when spaces in the area sell at $350 to $500/SF. Located 1 block to the Metro & 4 blocks to Virgin's All Aboard Florida as well as between the American Arena, Frost Museum and Miami World Center Shopping & Dining.

Attachments

Property Flyers

Description

Secluded 2nd floor office space in "Marina Blue" with the benefit of no windows for sound immersion & privacy. Perfect for entertainment/production-studios, technical-educational-testing facility, back-office production, or creative office/meeting room use in 2,140 SF. This condo-office offers an interior kitchen & storage, adaptability in how to demise, separate Execute-office or meeting room, variable ceiling heights, accessed through a professional lobby to impress, & has one semi-private bathroom on a mostly private hall-way from elevators.  Located 1 block to the Metro & 4 bocks to Virgin's All Aboard Florida as well as between the American Arena, Frost Museum and Miami World Center Shopping & Dining.

Aggressively priced condo-office with many creative uses available. A bargain at only $229/SF +/- when spaces in the area sell at $350 to $500/SF.The monthly condo-fee is believed accurate but must be verified during inspections. Space comes with three assigned parking in the building.

Highlights

Potential 6.5% CAP RATE at $32/SF Gross Lease (currently vacant)
Join other professionals in 5-story condo-office attached to Marina Blue
One block to Metro Mover to Brickell City Center and Miami-Downtown
Four blocks to Virgin's All Aboard Florida to Ft. Lauderdale & Palm Beach
Across from American Airlines Area, Frost Arts & Science Museums as well as Perez Art Museum
Window-less office perfect for production studios & entertainment industry, back office, technical/learning centers

Property Flyers

Financial Summary

Cap Rate: 7.80 %
Total Expenses: $2,490

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Bus Line
  • Controlled Access
  • Commuter Rail
  • Metro/Subway
  • Property Manager on Site
  • Storage Space
  • Fully Carpeted

Parking Details

Parking Available: Yes
Reserved: No
Type: Covered
Included in Rent: Yes
Brian Carter, MBA, CCIM 305-582-2424 Douglas Elliman Real Estate
Brian Carter, MBA, CCIM 305-582-2424 Douglas Elliman Real Estate