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Citi Centre

290 NW 165th St, Miami, FL 33169

Listing Price: $10,500,000

Cap Rate
7.90%
Gross SF
46,324
Rentable SF
46,324
Price/Gross SF
$226.66
Lot Size
1.54 acres
Year Built
1986

Investment Overview

Marcus & Millichap is proud to present Citi Centre, a 46,324-square-foot of?ce building offered at $10,500,000 ($226.66 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 stabilized, 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 bene?ts 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 of?ce users.

Investment 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
  • Proximity to Miami and Fort Lauderdale airports
  • Central access Miami-Dade and Broward counties

Exclusively Listed By

Listing Price: $10,500,000

Cap Rate
7.90%
Gross SF
46,324
Rentable SF
46,324
Price/Gross SF
$226.66
Lot Size
1.54 acres
Year Built
1986

Investment 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
  • Proximity to Miami and Fort Lauderdale airports
  • Central access Miami-Dade and Broward counties

Investment Overview

Marcus & Millichap is proud to present Citi Centre, a 46,324-square-foot of?ce building offered at $10,500,000 ($226.66 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 stabilized, 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 bene?ts 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 of?ce users.

Exclusively Listed By

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