1221 Brickell AveMiami, FL 33131

Property Details for 1221 Brickell Ave

Year built

1984

Construction

CONCRETE

Lot size

2.06 AC

Property size (Sq ft)

656,821 SF

Zone code

6407:HIGH DENS MIX USE

Property type

Office properties

Property subtype

Office buildings

APN

01-4139-035-0010

APU

141390350010

Description

This Class A, 16,870 square foot office building at 1221 Brickell Avenue, Miami, FL 33131, offers a variety of flexible workspace solutions. Located on the 9th floor, the property boasts stunning architecture and a prime location in Miami's Brickell Center, surrounded by palm trees and offering breathtaking views of the city skyline. The building features 350 suites, with a minimum divisible space of 10 square feet and a maximum contiguous space of 1,300 square feet. Currently, 5,520 square feet are vacant. The building underwent renovations in 2019 and includes elevators. Tenancy is multiple, catering to various business needs. Options include private, fully furnished, and equipped offices, scalable to accommodate individuals or large companies. Services range from serviced and custom office spaces to disaster recovery spaces and day offices, providing adaptable solutions. Amenities include an elegant reception area, a large conference room, and proximity to luxury hotels (Four Seasons and JW Marriott) and numerous restaurants and bars. This Miami-Dade County property is ideal for businesses seeking a prestigious and convenient location.

• CAP approach

  CAP return

  Valuation

  6%

  $567,088,320

  6.5%

  $523,466,112

  7%

  $486,075,680

• Comparable approach

  Method

  Valuation

  Relative Method

  $251,470,496

  Geo Method

  $251,470,496

• Alternative Use

  Use

  Valuation

  Residential

  $649,097,984

  Hospitality

  $594,570,240

  Educational

  $494,675,488

  Medical

  $511,688,128

  Retail

  $769,495,168

Location Insight

City

Miami

County

Miami-dade

State

Florida

Latitude

25.7612

Longitude

-80.1911

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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