20601 Dixie HwyAventura, FL 33180

Property Details for 20601 Dixie Hwy

Year built

2002

Construction

CONCRETE

Lot size

1.22 AC

Property size (Sq ft)

75,883 SF

Zone code

6800:COMM,PROFESS OFFICES

Property type

Office properties

Property subtype

Office buildings

APN

28-1234-006-0940

APU

2812340060940

Description

This exceptional Class B medical office building, located at 20601 E Dixie Highway in Aventura, Florida, offers 36,866 square feet of versatile space. Built in 2002, the single-building property features three suites, with a minimum divisible space of 384 square feet and a maximum contiguous space of 2,624 square feet. Currently, 3,008 square feet are available for lease. The building is conveniently equipped with two elevators for easy access. Its prime location within the Miami submarket of Miami-Dade County provides excellent visibility and accessibility for patients and staff. The property's medical office designation makes it ideal for a variety of healthcare practices. This is a fantastic opportunity for medical professionals seeking a well-maintained, conveniently located space in the thriving Aventura community. Interested parties should note that a lease must be signed by the end of 2024 to qualify for a promotional period of free rent. Further details regarding this incentive are available upon request. The property's address is 20601 E Dixie Highway, Aventura, FL 33180.

• CAP approach

  CAP return

  Valuation

  6%

  $40,347,560

  6.5%

  $37,243,904

  7%

  $34,583,624

• Comparable approach

  Method

  Valuation

  Relative Method

  $29,052,566

  Geo Method

  $29,052,566

• Alternative Use

  Use

  Valuation

  Residential

  $46,182,440

  Hospitality

  $42,302,868

  Educational

  $35,195,488

  Medical

  $36,405,916

  Retail

  $54,748,536

Location Insight

City

Aventura

County

Miami-dade

State

Florida

Latitude

25.9668

Longitude

-80.1468

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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