Commercial Real Estate Property For Sale In Miami

25 9th St Miami, FL 33130
 Directions

$5,817,000

  • 2017 Year Built
  • Mar 19, 2021 Listing Date

MLS #

:

A11015460

Price

:

$5,817,000

Status

:

Active

Listing Date

:

Mar 19, 2021

Square Footage

:

Not Available

County

:

Miami-Dade

Square Footage

:

Not Available

Year Built

:

2017

Taxes

:

$55,266 Per Year

Waterfront

:

No

Virtual Tour

:

click here to view virtual tour

 

Remarks

:

CAP RATE 5%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 contractROUND UPS NOI: 2021 $291,000 / 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 MaintenanceNeighboor tenants: APPLE STORE/ SACKS FIFTH AVENUE/ SEPHORA / CAPITAL ONE / EQUINOX / CHIPOTLE / PF CHANG'S / BURGER KING / SLS HOTEL

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