16385 Biscayne Blvd, Unit CU-1, Aventura, FL 33160-5450
- Retail space
- 1,753 SF
Current Use by Public Records
- Retail space
Property Details for 16385 Biscayne Blvd
- Year built
- 2019
- Construction
- CONCRETE
- Zone code
- 6400:COMMERCIAL,CENTRAL
- Property type
- Retail space
- APN
- 07-2216-042-0055
- APU
- 722160420055
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jul 12, 2019 | $375,000 | Legacy At Harbur INC | Blue Palms Holdings LP | Grant Deed | — |
Description
This exceptional Class A, 1,910 square foot retail storefront condo is ideally situated at 16385 Biscayne Blvd in North Miami Beach, Florida, zip code 33160. Currently leased to Quicky Markets under a Net-Net-Net (NNN) lease agreement with a remaining term of approximately 3.9 years (expiring October 1, 2028), this investment opportunity boasts a strong 5.37% cap rate and a current Net Operating Income (NOI) of $63,955. The lease commenced October 1, 2023, and includes a 5-year term with a 3% annual rent increase. The property includes five parking spaces and is located within The Harbour Condo. This single-tenant property presents a compelling investment opportunity with a stable tenant and attractive financial metrics. The property is located in Miami-Dade County, offering convenient access to Biscayne Bay and nearby educational institutions, including the Florida International University Biscayne Bay Campus and the Johnson & Wales University North Miami campus. This is a turnkey investment ready for immediate income generation. The asking price is $1,190,000.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Aventura
- County
- Miami-dade
- State
- Florida
- Longitude
- -80.1512
- Latitude
- 25.9281
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
