1800 Biscayne Blvd Miami, FL 33132
- Lifestyle centers
- 20,036 SF
Current Use by Public Records
- Biscayne & 18 Plaza Corporation / Plaza
- Peluqueria / Barber Shop
- Harmony Salon / Beauty Salon / Hair Salon
- Haircut mega Dickens / Hair Extension Technician
Property Details for 1800 Biscayne Blvd
- Year built
- 2005
- Property size
- 20,036 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
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.
Value Estimation
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CAP approach
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Location Insight
- Map
- Local Demand
- City
- Miami
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.1895
- Latitude
- 25.7936
