215 24Th StMiami, FL 33127

Property Details for 215 24Th St

Year built

2020

Construction

CONCRETE

Lot size

0.20 AC

Property size (Sq ft)

70,984 SF

Zone code

6101

Property type

Office buildings

APN

01-3125-034-0020

APU

131250340020

Description

This exceptional 3,000 square foot office sublease opportunity is located on the 5th floor of The Annex, a flagship Class A creative office building in the heart of Wynwood, Miami-Dade County. The space is part of a larger 60,000 square foot, eight-story building offering multiple tenancy options. The Annex boasts a highly visible location within Wynwood's vibrant arts district, providing excellent exposure and accessibility. The building features 12-foot floor-to-ceiling heights, creating a spacious and modern work environment. Ample parking is available with a 322-car garage and valet parking services. Enjoy convenient access to a full-scale on-site gym and a shared rooftop common area, including an outdoor conference space, perfect for team gatherings or client meetings. This sublease provides a unique chance to establish a presence in a sought-after location, close to popular Wynwood destinations such as Panther Coffee, Zak the Baker, 1-800 Lucky, KYU, and Le Chick. The space is ideal for businesses seeking a bespoke office experience in a thriving and dynamic neighborhood. This is a rare opportunity to secure a highly desirable office space in one of Miami's most coveted areas.

• CAP approach

  CAP return

  Valuation

  6%

  $61,286,400

  6.5%

  $56,572,064

  7%

  $52,531,200

• Comparable approach

  Method

  Valuation

  Relative Method

  $27,176,934

  Geo Method

  $27,176,934

• Alternative Use

  Use

  Valuation

  Residential

  $70,149,360

  Hospitality

  $64,256,436

  Educational

  $53,460,600

  Medical

  $55,299,192

  Retail

  $83,160,936

Location Insight

City

Miami

County

Miami-dade

State

Florida

Latitude

25.8003

Longitude

-80.1995

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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