Property profile

1800 Biscayne Blvd Miami, FL 33132

OFF-MARKET
Lifestyle centers
20,036 SF Built 2005
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Property summary

AI-generated overview

This exceptional Class A retail property, located at 1800 Biscayne Blvd in Miami, Florida, presents a compelling investment opportunity. The 20,036 square foot, ground-floor retail space is situated within a thriving commercial market and boasts 100% occupancy across twelve diverse tenants, including Chase Bank, 3 chefs, and iburger. The property features a stabilized investment profile with a multi-tenant lease structure, offering a NNN lease type and a remaining lease term of 6.8 years, commencing November 30, 2021, and expiring August 31, 2031. Built in 2005, this single-story building includes 49 parking spaces, providing ample convenience for tenants and customers. A ground lease is in place. The property benefits from its strategic location, with over 12,000 residential units within a one-mile radius, ensuring a strong customer base. Additional features include covered parking for retail tenants and exclusive use of ground floor parking lots. The property also includes the roof rights for potential future wireless antenna tenants. This is a rare opportunity to acquire a high-performing, well-located retail center in a prime Miami market.

Property profile

Verified
Property type Lifestyle centers
Year built 2005
Total area 20,036 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Department Store Shopping Center & Mall
  • Barber Shop
  • Hair Salon Nail Salon
  • Hair Salon

Location

1800 Biscayne Blvd Miami, FL 33132
Miami metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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