$5,000,000 USD
305-859-1606
1215 West Ave
Miami Beach, FL 33139
West Avenue
HIGHLIGHTS
- Two fully leased retail condos beneath ABAE Hotel.
- NN lease structures with strong annual rent escalations.
- Prime South Beach corner surrounded by 40,000+ residents and 12M+ annual tourists.
- Steps from Lincoln Road, Alton Rd, and Biscayne Bay.
- Surrounded by new luxury condo developments (Monad Terrace, Five Park, Flamingo Point).
OVERVIEW
Prime investment opportunity: Two fully leased NNN retail condos at 1215 West Ave in Miami Beach. Anchored by international brand Joe & The Juice and luxury salon Muse Beauty, generating a combined NOI of $257,413 with 3% annual increases. Offered at $5,000,000, reflecting a 5.12% cap rate. Strategic location beneath the ABAE Hotel with exceptional visibility and strong long-term upside.
FOR SALE DETAILS
PRICE
$5,000,000 USD
PRICE/SF
$966 USD /SF
CAP RATE
5.15%
# OF UNITS
1
CONDO SIZE
-
% LEASED
-
TENANCY
-
SALE TYPE
Investment Or Owner User
BUILDING DETAILS
PROPERTY NAME
Abae Hotel
PROPERTY TYPE
Hospitality
TOTAL BUILDING SIZE
55,963 SF
STORIES
6
BUILDING CLASS
B
YEAR BUILT
2016
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.41 AC
LAND SF
17,860 SF
ZONING
RM-2
APN/PARCEL ID
-
ASK ABOUT THIS PROPERTY
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305-859-1606
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Please correct the highlighted field(s).
305-859-1606
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