For Sale
$6,700,000

8353 124Th StMiami, FL 33156

23-Tenant, 100% Occupied, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional Miami medical office building, located at 8353 SW 124th St, offers a compelling investment opportunity. The 20,278 square foot, two-story building boasts 23 tenants in a 100% occupied, stabilized environment. Built in 1971 and extensively renovated in 2022, the property features hurricane impact windows, a resealed roof, and ample parking (73 spaces) on a 0.61-acre lot. The property benefits from a prime location in Miami-Dade County, near US1 and the Pinecrest area, ensuring high visibility and accessibility. The current zoning (RU-5A, SEMI-PROFESSIONAL OFFICE DISTRICT) allows for a variety of uses. With a gross lease structure and 4% annual rent bumps, this fee-simple ownership presents a consistent income stream. The building's strong tenant base, predominantly medical professionals, provides long-term stability and high occupancy rates. This turnkey investment offers significant appreciation potential in a thriving Miami market. The asking price is $6,700,000.

Highlights

  • Prime US-1 location in Miami-Dade County, near Pinecrest.
  • Ample on-site parking (73 spaces).
  • 20,278 SF, two-story medical office building, 100% occupied with 23 tenants.
  • Recently renovated (2022) with hurricane impact windows and a new roof.
  • Strong tenant demand in a thriving Miami market.

Property Details for 8353 124Th St

Property type
Office properties, Medical offices
Class
B
Year Built/Renovated
1971/2022
Buildings
1
Stories
2
Lot Size (sq. ft)
26,572 SF
Units
23

Location Insight

City
Miami
County
Miami-Dade
State
Florida
Latitude
25.655478885245
Longitude
-80.32996815026
8353 124Th St, Miami, Florida

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8353 124Th St
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