MIAMI OFFICE PORTFOLIO FOR SALE
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MIAMI OFFICE PORTFOLIO FOR SALE
18 Office Properties Offered at $11,339,760 CAD in Miami, FL
Investment Highlights
- Office condominium investment portfolio of 18 fully leased units
- Ample parking
- Minutes from the SW 120th St Turnpike Interchange and Miami Executive Airport
- New roof
Executive Summary
This offering is an office condominium investment portfolio of 18 fully leased units (34 total units in complex) at Tamiami Commerce Center. This commercial condominium building sits minutes from the SW 120th St Turnpike Interchange and Miami Executive Airport in the rapidly growing area of West Kendall. The complex has ample parking spaces and it fronts 4 lane SW 128th St which connects to the 874 expressway. The building is newly painted, has a new roof and the parking lot has been resealed. The office units are renovated and modern and range in size from 619 sq ft to 1,510 sq ft. The total square footage of the office units is 23,056 sq ft. The owner controls the association which is well managed and maintains substantial reserves. An office user buyer can move into some of the units and keep the remaining as investment rentals. All units have excellent tenants that are up to date on their rent. $491,442 NOI +/-.
Taxes & Operating Expenses (Actual - 2024) |
Annual (CAD) |
|---|---|
| Gross Rental Income |
$944,287
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$944,287
|
| Taxes |
$97,624
|
| Operating Expenses |
$150,059
|
| Total Expenses |
$247,683
|
| Net Operating Income |
$696,604
|
Taxes & Operating Expenses (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $944,287 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $944,287 |
| Taxes (CAD) | |
|---|---|
| Annual | $97,624 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $150,059 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $247,683 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $696,604 |
Property Facts
| Price | $11,339,760 CAD | Status | Active |
| Price / SF | $461.64 CAD / SF | Number of Properties | 18 |
| Cap Rate | 6.14% | Individually For Sale | 0 |
| Sale Type | Investment or Owner User | Total Building Size | 24,564 SF |
| Price | $11,339,760 CAD |
| Price / SF | $461.64 CAD / SF |
| Cap Rate | 6.14% |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 18 |
| Individually For Sale | 0 |
| Total Building Size | 24,564 SF |
Properties
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Amenities
- Signage
- Air Conditioning
-
Steven Hendrikse -
Mike Hendrikse -
Southeast Property Management
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MIAMI OFFICE PORTFOLIO FOR SALE
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