For Sale
$1,749,000

7765 87Th AveMiami, FL 33173

Miami Medical Office Building, 100% Occupied

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a fully operational Class B medical office condo in Miami's Galloway Professional Park. Located at 7765 SW 87th Ave #212A, Miami, FL 33173, this 2,591 square foot (net rentable) space boasts a prime second-floor corner location, offering convenient access to major roadways and proximity to Baptist Hospital (within 12 blocks). Built in 1996, the property features seven exam rooms, an operating room, a private office with a balcony, a spacious waiting room, two scheduling rooms, reception and administrative areas, and a doctor's lounge. Dual public and private entrances enhance accessibility. The sale includes nine designated parking spaces, plus one covered space. Currently 100% occupied, this owner-user investment offers a 5.00% cap rate and an asking price of $1,749,000. The seller is offering a leaseback at a competitive rate, providing flexibility on the closing date. This single-tenant, modified lease property is held by an LLC and is being offered for sale as a sales/leaseback. The property is ideal for investors seeking a stable, high-occupancy medical office investment with strong potential for future growth. Detailed floor plans are available upon request.

Highlights

  • Class B medical office condo, 2,591 square feet (net rentable), located at 7765 SW 87th Ave #212A, Miami, FL 33173.
  • Prime second-floor corner location in Galloway Professional Park, near Baptist Hospital.
  • Seven exam rooms, operating room, private office with balcony, spacious waiting room, and ample administrative space.
  • Ten designated parking spaces (nine uncovered, one covered).
  • 100% occupied, offering a 5.00% cap rate and asking price of $1,749,000; seller offering leaseback.

Property Details for 7765 87Th Ave

Property type
Office properties
Square Feet
2,569 SF
Class
B
Year Built
1996

Location Insight

City
Miami
County
Miami-Dade
State
Florida
Latitude
25.7038331
Longitude
-80.360297
7765 87Th Ave, Miami, Florida

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7765 87Th Ave
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