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Office

3901 NW 79th Ave

3901 NW 79th Ave, Doral, FL 33166

Listing Price: $9,850,000

Cap Rate
3.53%
Gross SF
28,603
Rentable SF
28,603
Price/Gross SF
$344.37
Lot Size
1.43 acres
Year Built
1982

Investment Overview

Marcus & Millichap is proud to present 3901 NW 79th Avenue, a two-story office building located in Doral, Florida. 3901 NW 79th Avenue consists of approximately 28,603 square feet of rentable space and was built in 1982. The subject property is situated on a 1.43-acre parcel (or 62,164 square feet) and is located at the corner of NW 79th Avenue and NW 36th Street (Doral Blvd).

3901 NW 79th Avenue is currently 83 percent occupied with a variety of professional tenants with most of them being on short-term leases. This provides an investor with a unique opportunity to take advantage of the leases in place and increase rents to market rates. The property is zoned Commercial Corridor District allowing for uses such as retail services, office, medical and hospitality.

The property is located just off the Palmetto Expressway (SR-826), which has traffic counts of over 234,000 vehicles per day. The subject property is also located at the corner of NW 79th Avenue which has traffic counts of over 17,200 vehicles per day, and NW 36th Street (Doral Blvd) which has traffic counts of over 44,500 vehicles per day.

3901 NW 79th Avenue is the perfect value-add opportunity for an owner-user or investor looking to capitalize on the below market rents and unique future redevelopment opportunity.

Investment Highlights

  • Value-Add Office Building with Redevelopment Opportunity
  • Located on the Corner of NW 79th Avenue and NW 36th Street
  • Located Just Off the Palmetto Expressway
  • Zoned CC Allowing for Retail, Office, Medical and Hotel Uses

Exclusively Listed By

Listing Price: $9,850,000

Cap Rate
3.53%
Gross SF
28,603
Rentable SF
28,603
Price/Gross SF
$344.37
Lot Size
1.43 acres
Year Built
1982

Investment Highlights

  • Value-Add Office Building with Redevelopment Opportunity
  • Located on the Corner of NW 79th Avenue and NW 36th Street
  • Located Just Off the Palmetto Expressway
  • Zoned CC Allowing for Retail, Office, Medical and Hotel Uses

Investment Overview

Marcus & Millichap is proud to present 3901 NW 79th Avenue, a two-story office building located in Doral, Florida. 3901 NW 79th Avenue consists of approximately 28,603 square feet of rentable space and was built in 1982. The subject property is situated on a 1.43-acre parcel (or 62,164 square feet) and is located at the corner of NW 79th Avenue and NW 36th Street (Doral Blvd).

3901 NW 79th Avenue is currently 83 percent occupied with a variety of professional tenants with most of them being on short-term leases. This provides an investor with a unique opportunity to take advantage of the leases in place and increase rents to market rates. The property is zoned Commercial Corridor District allowing for uses such as retail services, office, medical and hospitality.

The property is located just off the Palmetto Expressway (SR-826), which has traffic counts of over 234,000 vehicles per day. The subject property is also located at the corner of NW 79th Avenue which has traffic counts of over 17,200 vehicles per day, and NW 36th Street (Doral Blvd) which has traffic counts of over 44,500 vehicles per day.

3901 NW 79th Avenue is the perfect value-add opportunity for an owner-user or investor looking to capitalize on the below market rents and unique future redevelopment opportunity.

Exclusively Listed By

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