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Urban-High Street

900 Biscayne

900 Biscayne Blvd, Miami, FL 33132

Listing Price: $5,700,000

Cap Rate
5.08%
Gross SF
7,109
Rentable SF
7,109
Price/Gross SF
$801.80
Lot Size
0.16 acres
Year Built
2008

Investment Overview

Marcus & Millichap, as exclusive agent, is pleased to present for sale 900 Biscayne Bay Retail (the “Property”) located in Downtown Miami, Florida. 900 Biscayne Bay Retail presents an excellent opportunity to acquire a 7,109 square foot retail condominium in the ground floor of the 63-story, 516-unit, luxurious 900 Biscayne Bay residential condominium tower in the epicenter of Downtown Miami. The 7,109 square feet of ground floor retail is split into three individual units that are 100% leased to three popular and well-known South Florida South Florida food and beverage operators under long-term leases. Located at the intersection of Biscayne Boulevard and 9th Street, 900 Biscayne Bay Retail boasts an irreplaceable location with a (99) Rider’s Paradise Transit Score in addition to a (84) very walkable Walk Score. The property benefits from its immediate proximity to exceptional demand drivers including the FTX Arena, Perez Art Museum, Port Miami, Virgin Miami Brightline, Bayside Marketplace, the $4 billion mixed-use Miami World Center development and nearly 4,000 recently constructed/in construction residential units. This offering represents a very rare opportunity to acquire a trophy, net-leased retail opportunity with upside in rental rates within one of the nation’s most dynamic urban cores.

Investment Highlights

  • Attractive NNN Lease Structure
  • Prime Downtown Miami Location
  • Substantially Below Market Rents
  • Strong Operators with 5.6 Years WALT
  • Exceptional Surrounding Demand Drivers
  • Perfect 1031 Exchange Candidate
  • Area bounds with high-profile national and regional companies

Exclusively Listed By

Financing By

Urban-High Street

900 Biscayne

Listing Price: $5,700,000

Cap Rate
5.08%
Gross SF
7,109
Rentable SF
7,109
Price/Gross SF
$801.80
Lot Size
0.16 acres
Year Built
2008

Investment Highlights

  • Attractive NNN Lease Structure
  • Prime Downtown Miami Location
  • Substantially Below Market Rents
  • Strong Operators with 5.6 Years WALT
  • Exceptional Surrounding Demand Drivers
  • Perfect 1031 Exchange Candidate
  • Area bounds with high-profile national and regional companies

Investment Overview

Marcus & Millichap, as exclusive agent, is pleased to present for sale 900 Biscayne Bay Retail (the “Property”) located in Downtown Miami, Florida. 900 Biscayne Bay Retail presents an excellent opportunity to acquire a 7,109 square foot retail condominium in the ground floor of the 63-story, 516-unit, luxurious 900 Biscayne Bay residential condominium tower in the epicenter of Downtown Miami. The 7,109 square feet of ground floor retail is split into three individual units that are 100% leased to three popular and well-known South Florida South Florida food and beverage operators under long-term leases. Located at the intersection of Biscayne Boulevard and 9th Street, 900 Biscayne Bay Retail boasts an irreplaceable location with a (99) Rider’s Paradise Transit Score in addition to a (84) very walkable Walk Score. The property benefits from its immediate proximity to exceptional demand drivers including the FTX Arena, Perez Art Museum, Port Miami, Virgin Miami Brightline, Bayside Marketplace, the $4 billion mixed-use Miami World Center development and nearly 4,000 recently constructed/in construction residential units. This offering represents a very rare opportunity to acquire a trophy, net-leased retail opportunity with upside in rental rates within one of the nation’s most dynamic urban cores.

Exclusively Listed By

Financing By

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