1800 SW 27th Ave - Medical FOR SALE


Miami, FL 33145- Coral Way
$11,000,000 USD
305-297-3557
1800 SW 27th Ave, Miami, FL for Sale
$11,000,000 USD
Medical - FOR SALE
1/15
null | 4.49% Cap Rate

1800 SW 27th Ave
Miami, FL 33145
Coral Way


HIGHLIGHTS

  • Prime Miami location, just 6 minutes from Coconut Grove
  • Zoned T6-8-O, allowing for lucrative commercial use and development potential
  • 65,763 SF building on a 28,254 SF lot
  • Ample parking with 100 dedicated spaces for tenants and visitors
  • 99% Occupied
  • 36,459 rentable square feet

OVERVIEW

Prime medical and professional office building for sale in a strategic Miami location between Coral Gables, Coconut Grove and Brickell. Rental rates below market value at an average of $25 psf gross with utilities included. Currently 99% occupied, with approximately 73% of tenants in the medical sector and 27% in professional uses, the property demonstrates strong resilience and stability. The majority of leases expire within the next three years, offering significant upside for rental rate adjustments as current rents remain below market levels. 36,459 rentable square feet. This is an ideal opportunity for investors seeking stable income or for an owner-user looking to establish a medical or professional headquarters. It features 100 parking spaces, including four double spaces, providing excellent convenience for tenants and visitors. Originally built in 1986 and fully renovated in 2017, the building has benefited from over $1 million invested into modernizing common areas and building systems. Don’t miss this chance to acquire a prestigious asset in the heart of Miami, with immediate cash flow and significant value-add potential through leasing at market rents.

FOR SALE DETAILS

PRICE

$11,000,000 USD

PRICE/SF

$302 USD /SF

CAP RATE

4.49%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

6

BUILDING CLASS

B

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

100

LAND DETAILS

LAND ACRES

0.65 AC

LAND SF

28,314 SF

ZONING

T6-8-O

APN/PARCEL ID

01-4109-040-0250

ASK ABOUT THIS PROPERTY

Andros SarduySynergy Realty Advisors LLCMore Info
305-297-3557

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Andros SarduySynergy Realty Advisors LLCMore Info
305-297-3557

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.