1800 SOUTH WEST 27TH AVE, Miami
$10,500,000 USD
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| Address | 1800 SOUTH WEST 27TH AVE, Miami |
| Type of Property | Office |
| Type of Business | Medical Office, Professional |
| Business Location | City Location |
| Property Style | Commercial Office |
| Price | $10,500,000 |
| Previous Price | $11,000,000 (4 days ago) |
| Property Status | Active |
| MLS Number | A11830436 |
| Property Size | 28254 |
| Lot Size | 28254 |
| Year Built | 1986 |
| Parking Space Number | 100 |
| Folio Number | 01-41-09-040-0250 |
| Zoning Information | 6100 |
| Days on Market | 61 |
Detailed Description: Prime medical and professional office building for sale in a strategic Miami location between Coral Gables, Coconut Grove and Brickell. Rental rates below market value at an average of $25 psf gross with utilities included. Currently 99% occupied, with approximately 73% of tenants in the medical sector and 27% in professional uses. It features 100 parking spaces, including four double spaces, providing excellent convenience for tenants and visitors. 36,459 rentable square feet. Originally built in 1986 and fully renovated in 2017, the building has benefited from over $1 million invested into modernizing common areas and building systems, with immediate cash flow and significant value-add potential through leasing at market rents.
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Address Information
| State | Florida |
| City | Miami |
| County | Miami-Dade County |
| Zip Code | 33145 |
| Address | 1800 SOUTH WEST 27TH AVE |
| Business Location | City Location |
| Zip Code (4 Digits) | 2457 |
Financial Information
| Price | $10,500,000 |
| Price per Foot | $0 |
| Previous Price | $11,000,000 |
| Folio Number | 01-41-09-040-0250 |
| Tax Amount | $114,499 |
Full Descriptions
| Detailed Description | Prime medical and professional office building for sale in a strategic Miami location between Coral Gables, Coconut Grove and Brickell. Rental rates below market value at an average of $25 psf gross with utilities included. Currently 99% occupied, with approximately 73% of tenants in the medical sector and 27% in professional uses. It features 100 parking spaces, including four double spaces, providing excellent convenience for tenants and visitors. 36,459 rentable square feet. Originally built in 1986 and fully renovated in 2017, the building has benefited from over $1 million invested into modernizing common areas and building systems, with immediate cash flow and significant value-add potential through leasing at market rents. |
| Year Built Description | Resale |
| Roof Description | Concrete |
| Floor Description | Ceramic Floor |
| Cooling Description | Central Individual A / C |
| Heating Description | Central Electric |
| Water Description | Public |
| Sewer Description | Public Sanitation |
| Parking Description | Assigned |
Property parameters
| Living Area | 28254 |
| Lot Size | 28254 |
| Total Acreage | 0.000 |
| Zoning Information | 6100 |
| Maximum Leasable Size | 28254 |
| Year Built | 1986 |
| Type of Property | Office |
| Type of Business | Medical Office, Professional |
| Style | Commercial Office |
| Construction Type | Concrete Block Construction |
| Stories Number | 6 |
| Street Direction | South West |
| Parking Space Number | 100 |
| Listed with | Synergy Realty Advisors |