78 13th Ave Miami, FL 33135-2479

14,610 SF 0.22 ac lot Built 1963

Entity Owned 19-yr Hold ~ Est. High Equity

Property ID

US18-5303298

Google Maps

This exceptional Little Havana investment opportunity presents a 36,250 square foot, multi-tenant medical office complex situated on a five-lot, 0.83-acre assemblage at 78 SW 13th Ave, Miami, FL 33135. The property includes a 13,388 square foot, two-story cancer treatment center with two radiation therapy vaults, substantially renovated in 2009 at a cost of $3.8 million. This building is under a triple-net lease with a 10-year term (commencing October 1, 2021) and two five-year renewal options, featuring annual 3% rent escalators. The current annual triple-net rent is approximately $50 per square foot, increasing to $656,253 on October 1, 2024. The landlord is responsible for roof and exterior maintenance only

Property type Medical Office Space

Use group MEDICAL BUILDING

Year built 1963

Construction CONCRETE

Total area 14,610 SF

Lot 0.22 ac (9,500 SF)

Zoning code 6101

APN 01-4102-006-0810

UPID US18-5303298

Implied cap rate, NOI & suggested price

Cap rate vs submarket · NOI estimate · 3 price anchors

Implied cap rate, NOI & suggested price

Cap vs submarket · NOI estimate · 3 price anchors

Haydee Brito Physician
Gotardo A. Rodrigues - Gotardo Rodrigues MD Physician
Carlos A. Noguera - Gotardo Rodrigues MD Physician
Dr. Carlos Noguera - part of the GenesisCare Network Physician
GenesisCare Hematology Oncology - part of the GenesisCare Network Medical Clinic Hospital