USD 5,817,000

25 SW 9th St CU-6
Miami, Florida 33130

For Sale

Property Description

CURRENT CAP RATE 5.1%

REAL ESTATE PROPERTY IS FOR SALE NOT THE BUSINESS
Current Tenant: Pre-school
Property: Commercial full floor across Brickell City Centre Complex Mall
Location: 25 SW 9th Unit:4th floor, Miami, FL 33130 (Heart of Brickell Financial District)
SqFt: 7,279 (floor plan attached)
Contract length: 4 years on current tenant and 16 years left on the contract

ROUND UPS NOI: 2022 $300,00 / 2023 309,000 / 2024 $318,000 / 2025 $328,000 / 2025 $338,000 / 2026 $348,000 and following year 11 onward a 3% adjustment yearly
TENAT COVERS ALL EXPENSES: Insurance / Property Tax / Condominium Maintenance

Neighboor tenants: APPLE STORE/ SACKS FIFTH AVENUE/ SEPHORA / CAPITAL ONE / EQUINOX / CHIPOTLE / PF CHANG'S / BURGER KING / SLS HOTEL

Listed by Piquet Realty

Property Details

ID #
A11015460
Status
Sale
Type
Commercial, Industrial
Zip Code
33130
Year Built
2017
Parking Spaces
10
Occupancy
Tenant Occupied
Type of Building
Condominium
Utilities
Internet
Zoning Information
6408
Parking
Covered parking, Assigned Parking, Guest Parking, Valet Parking
Listing content provided by the Miami Association of REALTORS
Disclaimer: BBC: 3.0%, The offer of compensation is made only to participants of the MLS where the listing is filed.

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