For Sale
$875,000

2820 214Th StAventura, FL 33180

Class A, Net Lease, High NOI

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 1,205 square foot Class A mixed-use property located at 2820 NE 214th St, Aventura, FL 33180. Situated in the thriving Aventura Medical District, this single-tenant, net-leased property boasts a current NOI of $45,922, with a projected NOI of $47,296. The property, built in 2021, features a contemporary design and is part of a larger development including medical offices and a hotel with luxurious amenities such as a restaurant, café, fitness center, pool, and rooftop bar. The current lease, commencing March 13, 2023, and expiring March 12, 2026, includes a 3% annual rent increase and a three-year renewal option. The property's prime location offers easy access to Brightline, Aventura Hospital, Aventura Mall, and Gulfstream Park. The asking price is $875,000, representing a current cap rate of 5.25% and a pro-forma cap rate of 5.41%. The property is zoned MO-MEDICAL OFFICE DISTRICT and features floor-to-ceiling windows. This is a rare opportunity to acquire a high-quality, income-producing asset in a rapidly growing market. The APN is 28-1234-089-0130.

Highlights

  • $875,000 Asking Price, Net Lease, Class A Mixed-Use Property in Aventura, FL.
  • 1,205 SF, 100% Occupancy, Single Tenant NNN Lease.
  • 5.25% Cap Rate (5.41% Pro-Forma), $45,922 NOI ($47,296 Pro-Forma).
  • 3-Year Lease (expiring 03/12/2026) with a 3-Year Renewal Option; 3% Annual Rent Increases.
  • Located in Aventura's Medical Office District (MO-Medical Office District Zoning), near Aventura Mall, Aventura Hospital, and Brightline.
  • Built in 2021 (APN: 28-1234-089-0130).

Property Details for 2820 214Th St

Property type
Mixed-use properties
Square Feet
1,205 SF
Class
A
Year Built
2021
Stories
10
Units
1

Location Insight

City
Aventura
County
Miami-Dade
State
Florida
Latitude
25.9730062
Longitude
-80.1449939
2820 214Th St, Aventura, Florida

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2820 214Th St
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