8900 117Th Ave Miami, FL 33186

This exceptional investment opportunity presents a 4,070 square foot, Class C medical office condo in Miami, Florida, currently 100% occupied by a credit-rated tenant under a Net Lease (NN+) agreement. The property, built in 1984 and renovated in 2023, boasts a strong 6.58% cap rate and a substantial net operating income (NOI) of $118,402. The asking price is $1,800,000, translating to $442.26 per square foot. The building features two stories and is situated on a single lot zoned RU-5A. The interior comprises nine exam rooms with sinks, three doctor's offices, a lead-lined X-ray room, a large lab, a spacious breakroom, a staff work area, three restrooms, a reception area, and two waiting rooms. Convenient access points include a main entrance and a separate private doctor's entry. The lease includes annual 4% rental rate increases and two three-year renewal options, ensuring long-term stability and predictable income growth. Its prime location near the Turnpike, Kendall Drive, and major medical facilities like Baptist Main, Baptist West Kendall, HCA Florida Kendall Hospital, and Jackson South, offers exceptional accessibility and high visibility. The property's proximity to Town and Country, Downtown Dadeland, and Dadeland Mall further enhances its desirability. This is a rare opportunity to acquire a stable, high-performing medical office investment in a thriving Miami location.