For Sale
$12,000,000
78 13Th Ave Miami, FL 33135
Miami Medical Office, Development Potential
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 134
Highlights
- Highly attractive land assemblage with three distinct purchase options: The five properties (with or without transferable development rights (TDRs)).
- Cancer Center (with or without TDRs); buyer may allow cantilevered development over the center by the Development Lots buyer.
- Development Lots (with TDRs, potentially including Cancer Center TDRs).
- 10-year triple-net lease (NNN) on Cancer Center, commencing October 1, 2021, with two five-year renewal options; rent escalates to $656,253 annually on October 1, 2024, with 3% annual increases thereafter; landlord responsible for roof and exterior maintenance only.
- NNN base rent of approximately $50/SF reflects significant investment in radiation treatment infrastructure (estimated $2M+ in 2009).
- Building recently completed its 40-year recertification (April 2024).
Property Details for 78 13Th Ave
- Property type
- Office properties, Medical offices
- Square Feet
- 36,250 SF
- Buildings
- 2
- Units
- 5
Location Insight
- City
- Miami
- County
- Miami-Dade
- State
- Florida
- Latitude
- 25.7726955
- Longitude
- -80.2165857
Nearby Similar for Sale
FAQs
- What type of property is this?
- Office property - Miami Medical Office, Development Potential
- Where is the office property located?
- The property is located at 78 13Th Ave Miami, FL.
- What is the asking price?
- The asking price for this property is $12,000,000.
- What are key features of this property?
- This property features: Highly attractive land assemblage with three distinct purchase options: The five properties (with or without transferable development rights (TDRs)).; Cancer Center (with or without TDRs); buyer may allow cantilevered development over the center by the Development Lots buyer.; Development Lots (with TDRs, potentially including Cancer Center TDRs).
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
Visit Broker Website