Leased Office
1200 BRICKELL AV Unit 300 Miami, FL 33131
For Sale
$2,810,000
Pending
Office suite in an office building at 1200 Brickell Avenue, currently leased through 2018.
Property Size7,025 SF
Days on Market3993
Property Features for 1200 BRICKELL AV Unit 300
General Information
Standard status
Pending
Size
7,025 SF
Property subtype
General Commercial
Building Details
Year Built
2008
Listing Agency:
AG Real Estate Advisors, LLC
(305) 794-2655
Listed By:
Rodrigo Gomez · License #A11973299
(305) 794-2655
Source:
Xome
Added: Aug 24, 2015
Changed: Jul 26
Last Checked: Jul 26 at 5:35PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of AG Real Estate Advisors, LLC
Investment Insights
Based on property information with market context.
This offering is for an office suite located at 1200 Brickell Avenue, identified as Unit 300. The space is currently leased through 2018, providing an in-place occupancy arrangement for the next owner.
The property is an office building in Miami, Florida. The seller’s remarks note the suite is built out with strong interior finishes and a thoughtful layout, supporting a workplace configuration that is already in place.
As presented, the opportunity centers on acquiring a ready-to-occupy office suite within a professionally maintained office building, with lease timing through 2018 already established.
The property is an office building in Miami, Florida. The seller’s remarks note the suite is built out with strong interior finishes and a thoughtful layout, supporting a workplace configuration that is already in place.
As presented, the opportunity centers on acquiring a ready-to-occupy office suite within a professionally maintained office building, with lease timing through 2018 already established.
Key Highlights
- Office suite in an office building at 1200 Brickell Avenue
- Currently leased until 2018 by an international educational institution
- Year built: 2008
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $316.1k | $45.00 |
| − Vacancy | −$47.4k | −$6.75 |
| EGI | $268.7k | $38.25 |
| − OpEx | −$67.2k | −$9.56 |
| NOI | $201.5k | $28.69 |
7,025 SF · lease $45.00/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.88M
$2.52M – $3.36M
NOI $201,530 @ 7.0% cap · market cap 7.17%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.74M
$4.15M – $5.53M
NOI $331,934 @ 7.0% cap · market cap 11.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Office suite in an office building at 1200 Brickell Avenue, currently leased through 2018.
Where is this office building located?
The property is located at 1200 BRICKELL AV Unit 300 Miami, FL.
What is the asking price?
The asking price for this property is $2,810,000.
What are key features of this property?
This property features: Office suite in an office building at 1200 Brickell Avenue; Currently leased until 2018 by an international educational institution; Year built: 2008
