Mixed-Use Triple Net
17325 NW 27th Ave Miami Gardens, FL 33056
17325 NW 27th Ave, Miami Gardens, FL, 33056
$6,950,000
For Sale
$6,950,000
All units are triple net leased and 100% occupied, with recent building upgrades and substantial parking.
Property Size21,387 SF
Lot Size0.90 Acres
Price / SF$324.96
Days on Market475
Property Features for 17325 NW 27th Ave
General Information
- Standard status
- Active
- Size
- 21,387 SF
- Lot size
- 0.90 Acres
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1989
Listing agency
Castillo & Associates Real Estate, Inc
(305) 778-5383
Listed by
Maydelin Castillo Florez · License #A11963299
(305) 778-5383
Source
Xome
Added: Apr 4, 2025 Updated: Jul 22 at 1:24PM Checked: Jul 22 at 1:24PM
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 Castillo & Associates Real Estate, Inc
Investment Insights
Based on property information with market context.
This for-sale mixed-use property is comprised of multiple small spaces under triple net leases, with 100% occupancy reported. The building totals 24,964 square feet and was built in 1989 on a 39,204 square foot lot. Operational improvements include a recently re-roofed structure, new LED lighting, and new surveillance cameras throughout the property, along with a new LED monument sign. The property also includes one elevator and two staircases.
The asset provides parking for 85 cars. The financial highlights provided with the listing note an overall cap rate of 7.03% and annual rent escalations associated with the triple net leases.
The current leasing structure is described as multiple short-term leases, with the listing indicating potential for additional rent optimization through leasing remaining space and adjusting rents. The property is presented as stable cash flow with upside tied to the existing leasing setup.
The asset provides parking for 85 cars. The financial highlights provided with the listing note an overall cap rate of 7.03% and annual rent escalations associated with the triple net leases.
The current leasing structure is described as multiple short-term leases, with the listing indicating potential for additional rent optimization through leasing remaining space and adjusting rents. The property is presented as stable cash flow with upside tied to the existing leasing setup.
Key Highlights
- 24,964 SF mixed‑use building built in 1989 on a 39,204 SF lot
- All units are triple net leased with 100% occupancy
- Cap rate 7.03% with strong and stable cash flow reported for investors
Local 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 | $551.8k | $25.80 |
| − Vacancy | −$119.2k | −$5.57 |
| EGI | $432.6k | $20.23 |
| − OpEx | −$108.1k | −$5.06 |
| NOI | $324.4k | $15.17 |
21,387 SF · lease $25.80/SF/yr · vacancy 21.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$4.63M
$4.06M – $5.41M
NOI $324,449 @ 7.0% cap · market cap 4.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.37M
$5.57M – $7.43M
NOI $445,704 @ 7.0% cap · market cap 6.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office buildings
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FAQs
What type of property is this?
NNN property - All units are triple net leased and 100% occupied, with recent building upgrades and substantial parking.
Where is this nnn property located?
The property is located at 17325 NW 27th Ave Miami Gardens, FL.
What is the asking price?
The asking price for this property is $6,950,000.
What are key features of this property?
This property features: 24,964 SF mixed‑use building built in 1989 on a 39,204 SF lot; All units are triple net leased with 100% occupancy; Cap rate 7.03% with strong and stable cash flow reported for investors
