This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

Concourse Terrace Portfolio

2 Retail Properties Offered at $15,025,182 CAD in Bay Harbor Islands, FL

Executive Summary

Blanca Commercial Real Estate, Inc. is pleased to be appointed as the exclusive agent for the sale of Concourse Terrace, a rare investment and development opportunity located in the world-renowned Bay Harbor Islands. This offering combines a 100% leased, ±14,920 SF income producing retail and office building alongside a prime development site with town-approved plans for a state-of-the-art, seven-story office and retail project. The immediate cash flow from the existing building provides value to a developer seeking to capitalize on the fully entitled site to construct a modern, class “A” office building.
This opportunity far exceeds the typical value of a covered land play. Unlike traditional redevelopment scenarios where existing structures are demolished, Concourse Terrace allows the current income-producing building to remain intact while the project is constructed. The new development will feature private outdoor balconies and terraces on the office floors, floor-to-ceiling windows, and an access-controlled parking garage offering 56 covered spaces, complemented by 8 exterior spaces, totaling 64 spaces on site. Concourse Terrace is positioned to meet the increasing demand for premium office space in one of South Florida’s most sought-after markets while serving as a revenue-producing trophy asset.

Investment Highlights :
Fully Leased Retail and Office Building Generating Significant Income
Below Market Rents in the Existing Building with Tremendous Upside Potential
Interior Renovation of the Existing Building in 2022
Town-Approved Plans for a Boutique Office Building in a Submarket Where Land for Feasible Development is Scarce
Located in Bay Harbor Islands, a Highly Sought-After Submarket with World-Class Amenities

Property Facts

Price $15,025,182 CAD
Price / SF $495.70 CAD / SF
Sale Type Investment
Status Active
Number of Properties 2
Individually For Sale 0
Total Building Size 30,311 SF
Total Land Area 0.52 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
1080-1090 Kane Concourse, Bay Harbor Islands, FL 33154 Retail 24,000 SF 1977 -
9555 E Bay Harbor Dr, Bay Harbor Islands, FL 33154 Retail 6,311 SF 1956 -
Show More > < Show Less
  • Listing ID: 34111077

  • Date on Market: 2024-12-06

  • Last Updated:

  • Address: Concourse Terrace Portfolio, Bay Harbor Islands, FL

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}