12030 SW 129th Ct , Miami, FL 33186
Miami, FL 33186
Description
Kendall Market 25,642 sf Freestanding 2009-Built Suburban Office Building with Significant Upside on Rents or Available for an Owner-User. Currently housing 19 units, all leased but retained on month-to-month leases for ease of re-tenanting or vacating. Currently generating $185k per year but Pro-Forma rents would easily take this to $611k NOI per year for a nearly 10% cap at asking price. Site is on 42k sf lot, with plenty of parking, and in a thriving, very clean and very economically vital corner of Kendall. Modern trends have pushed new-forming families to the suburbs in large numbers, and as such suburban office markets are finding incredible vitality as opposed to more urban product. Because of this, tenancy is only growing in strength and should continue that way.
Details
| MLS# | A11535862 |
|---|---|
| Listing Type | For Sale |
| Style | Office Building |
| Sub-Type | Resale |
| Status | Active |
| Year | 2009 |
| Days On Site | 328 |
| Listing Provided By | Fausto Commercial Realty Consultants Inc | Carlos Miranda |
Features
| SQ Feet | 25,642 |
|---|---|
| Zoning | 7700 |
| Acreage | 42000.00 |
MLS Number: A11535862Request a showing
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Learn More About This Property
| State | FL |
|---|---|
| County | Miami Dade |
| City | Miami |
| Zip Code | 33186 |
| Area | 50 |
| Listing VS Median (in 33186) | |
Price: $6,300,000 low | high Med: $337,450 SqFt: 25,642 low | high Med: 1,210 $ / SqFt: $246 low | high Med: $279 On Site: 328 low | high Med: 58.000000 | |