$ 6,300,000
12030 SW 129th Ct Miami, FL 33186
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$ 6,300,000
Est. payment | /mo
25,642 SqFt
$ 6,300,000
Est. payment | /mo
25,642 SqFt
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 25,642 sqft
Price per Sqft $245
MLS Listing ID A11535862
HOA Y/N No
Year Built 2009
Annual Tax Amount $42,635
Lot Size 0.964 Acres
Property 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.
Location
State FL
County Miami-dade
Area 50
Others
Tax ID 30-59-14-116-0010
Listed by Fausto Commercial Realty Consultants Inc
Miami & South Florida Market Expert, Property Manager, Trusted Professional REALTOR®, Zillow Premier Agent & Real Estate Professional