14 1St Ave Miami, FL 33132

This exceptional Class A office space, totaling 11,390 square feet, occupies the entire second floor of the prestigious One Flagler Building at 14 NE 1st Ave, Miami, FL 33132. Currently 100% occupied by the City of Miami under a gross lease with a corporate guarantee and a credit-rated tenant, this investment presents a compelling value-add opportunity. The property boasts a strong net operating income (NOI) of $180,714, yielding a 6.25% cap rate. The asking price is $2,891,424, translating to a price per square foot of $253.86. The lease is structured as a single tenancy with two three-year renewal options. This prime location in downtown Miami places the property within close proximity to major developments such as Miami World Center and Aston Martin Residences, as well as the vibrant dining and entertainment scenes of Downtown and Brickell. The property's classification encompasses Creative, Executive, and Traditional Office subtypes, making it suitable for a variety of uses. The investment type is categorized as Value Add, reflecting the potential for future rent increases. This is a 1031 exchange eligible property. This fully leased, high-performing asset offers a secure income stream and significant upside potential for discerning investors.