2820 214Th St Aventura, FL 33180

This exceptional Class A office building in Aventura, Florida, presents a compelling investment opportunity. Located at 2820 NE 214th St #902, this 2021-built property, known as Ivory 214, boasts 34 office suites ideally suited for medical practices. Currently, suites 901 (1,518 sq ft) and 902 (1,714 sq ft with an outdoor terrace) are leased to a cardiologist under a five-year lease with 3.5 years remaining and a five-year renewal option at market rent. The lease includes annual rent increases of 3%. The building generates a yearly net operating income (NOI) of $118,077, resulting in a current cap rate of 6.75%. Ivory 214 offers convenient access to Aventura Hospital, Aventura Mall, and Gulfstream Park. The building also features an on-site full restaurant and café, along with access to hotel amenities. The asking price for this prime Aventura investment property is $1,695,000. This presents a rare chance to acquire a high-performing, well-located medical office building with strong lease terms and significant upside potential. The building's prime location and desirable amenities make it an attractive option for both tenants and investors. The current lease structure provides immediate cash flow and long-term stability.