12207 132Nd CtMiami, FL 33186

This 1,100 square foot Class B office building in Miami, Florida, is available for $340,000. Currently 100% occupied with a single tenant under a net lease expiring August 1, 2025 (a 1-year lease with a renewal option), the property boasts a strong pro-forma NOI of $20,800, translating to a pro-forma cap rate of 6.12%. The building, constructed in 1986 and situated on a 2-story structure, features 1,000 square feet of net rentable space, priced at $309.09 per square foot. Conveniently located near 137th Avenue and the Florida Turnpike, providing excellent accessibility. The layout includes a first-floor open space (560 sq ft) with a bathroom, suitable for various uses, and a second-floor reception area, two offices (one currently used as a recording booth, the other for storage). The property includes two parking spaces per unit and is zoned for industrial use. The current NOI is $11,184. This well-maintained property offers significant upside potential and is adaptable to a variety of professional uses. The property's address is 12207 SW 132nd Ct, Miami, FL 33186, with APN 30-5914-026-0040.