12030 SW 129th Ct Active

Miami,FL 33186

$ 6300000

- Bed

0 Bath

25642 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

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

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