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17735 Homestead Ave

Miami, FL 33157

$5,950,000

Loft Creative Space For Sale  •  30,745 Sq Ft

Property Details

  • Property Type Loft Creative Space
  • Total Building Size 30,745 Sq Ft
  • Lot Size 1.92 ac
  • Building Class B
  • Year Built 1996
  • Cap Rate 8.50 %
  • Tenancy Multiple
  • Zoning BU-2
45 Transit Score
77 Walk Score

Description

Corporate office complex in South Dade resting on 1.92 acres of land adjacent to MDX busway and US1.

Highlights

8.57% Cap Rate with in place cash flows
Three (3%) percent escalations per year for the next five (5) years for Avionica
25,000 square feet leased out by Avionica/GE.
5,000 square feet lease out to a medical PPEC
Close Proximity to Public Transportation
Stress-Free Reverse Commute

Property Flyers

Financial Summary (Actual)

Net Operating Income: $509,709 (2019)
Cap Rate: 8.50 %
Total Expenses: $52,416

Major Tenants

Tenant SF Occupied Lease End Date
7th Heaven PPEC 5,000 SF 6/30/2024
General Electric Co 25,000 SF 3/31/2024

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Bio-Tech/ Lab Space
  • Bus Line
  • Controlled Access
  • Fenced Lot
  • Security System

Public Transportation

AirportDriveWalkDistance
Miami International Airport 30 min - 16.4 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 104
Type: Surface
Included in Rent: Yes
Carlos Villanueva 305-772-3897 The Keyes Company
Carlos Villanueva 305-772-3897 The Keyes Company