290 NW 165th St - Office FOR SALE


North Miami, FL 33169
$10,500,000 USD
305-345-7776
290 NW 165th St, North Miami, FL for Sale
$10,500,000 USD
Office - FOR SALE
1/14
null | 8% Cap Rate

290 NW 165th St
North Miami, FL 33169


HIGHLIGHTS

  • Prime North Miami Beach medical corridor
  • Adjacent to Jackson North Medical Center
  • Immediate access I-95, Turnpike, SR-826
  • Renovated 2022, no deferred maintenance
  • Attractive value-add through occupancy and rent growth
  • Visibility from 200,000+ vehicles daily

OVERVIEW

Marcus & Millichap is proud to present Citi Centre, a 46,324-square-foot office building offered at $10,500,000 ($227 per SF), representing a compelling basis well below replacement cost. Located in North Miami Beach, Citi Centre sits on a 1.54-acre parcel and offers investors the opportunity to acquire a solid, income-producing asset with long-term leases and value-add potential through lease-up and rent growth. Originally built in 1986 and renovated 2022, the property is strategically located adjacent to Jackson North Medical Center and the Golden Glades Interchange, providing immediate access to Interstate 95, Florida’s Turnpike, and State Road 826—a key advantage for tenants operating across Miami-Dade and Broward counties. Citi Centre benefits from its central position along the 167th Street Corridor, a high-growth commercial area experiencing revitalization led by national tenants such as Home Depot and Walmart. This corridor’s ongoing transformation has elevated market fundamentals and attracted capital investment from both institutional and private stakeholders. The property features 26 suites, ample surface parking (2.96/1,000 SF), 24-hour security access, and proximity to both Miami International Airport and Fort Lauderdale-Hollywood International Airport, enhancing its appeal to a wide range of business and medical office users.

FOR SALE DETAILS

PRICE

$10,500,000 USD

PRICE/SF

$226 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Citi Centre

PROPERTY TYPE

Office

ADD'L SUBTYPES

Medical

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

B

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

137

LAND DETAILS

LAND ACRES

1.54 AC

LAND SF

67,082 SF

ZONING

RU-5A

APN/PARCEL ID

30-2113-000-0120

ASK ABOUT THIS PROPERTY

Alex ZylberglaitMarcus & MillichapMore Info
305-345-7776

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Alex ZylberglaitMarcus & MillichapMore Info
305-345-7776

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