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Urban-High Street

Midtown Miami Retail Portfolio -Call for Offers-November 12th

3300 N Miami Ave, Miami, FL 33137

Listing Price: $23,000,000

Cap Rate
4.75%
Gross SF
24,925
Rentable SF
24,925
Price/Gross SF
$922.77
Lot Size
0.94 acres
Year Built
1949

Investment Overview

Midtown Miami Retail Portfolio consists of two buildings totaling 24,925 square feet of gross leasable area with a cumulative lot size of .94 Acres. The subject properties are abutting to one another and located in 3300 N Miami Ave and 30 NW 34 St. This portfolio sits in Midtown Miami, situated between the Design District, Wynwood Arts District and the Arts Center and east of interstate 95, which connects to all major roadways in South Florida allowing easy access to area amenities. Additionally, the properties are in close proximity to Miami Beach, Downtown Miami, and Coral Gables. Located in the Core of Miami and in the market with the largest concentration of new development including multifamily, office spaces, shops, restaurants, bars, and entertainment venues. The investment in the Midtown Portfolio offers prospective buyers an opportunity to acquire two net leased shopping centers in a high barriers market where few retail properties ever trade ownership, and where retail space is always in demand. The tenant mix includes a restaurant, a beauty bar and spa, a Citibank, an art gallery, art supplies store, three office spaces, furniture stores, a marketing agency, and a shoe and clothing store. With its heavy pedestrian and vehicular traffic throughout most hours of the day, the subject properties serve as a home to retail services which enjoy strong sales returns driven by the area's upscale attractions and dense business communities.

Investment Highlights

  • Street Retail Portfolio with Significant Development Rights for Future
  • Located in the Wynwood Norte Neighborhood Adjacent to Midtown Miami
  • Best in Class Full Renovation in 2017
  • Landlord Friendly NNN Leases with Annual Rental Increases
  • Numerous Development Projects Under Way Within the Neighborhood
  • On Site ParkingĀ 

Exclusively Listed By

Urban-High Street

Midtown Miami Retail Portfolio -Call for Offers-November 12th

Listing Price: $23,000,000

Cap Rate
4.75%
Gross SF
24,925
Rentable SF
24,925
Price/Gross SF
$922.77
Lot Size
0.94 acres
Year Built
1949

Investment Highlights

  • Street Retail Portfolio with Significant Development Rights for Future
  • Located in the Wynwood Norte Neighborhood Adjacent to Midtown Miami
  • Best in Class Full Renovation in 2017
  • Landlord Friendly NNN Leases with Annual Rental Increases
  • Numerous Development Projects Under Way Within the Neighborhood
  • On Site ParkingĀ 

Investment Overview

Midtown Miami Retail Portfolio consists of two buildings totaling 24,925 square feet of gross leasable area with a cumulative lot size of .94 Acres. The subject properties are abutting to one another and located in 3300 N Miami Ave and 30 NW 34 St. This portfolio sits in Midtown Miami, situated between the Design District, Wynwood Arts District and the Arts Center and east of interstate 95, which connects to all major roadways in South Florida allowing easy access to area amenities. Additionally, the properties are in close proximity to Miami Beach, Downtown Miami, and Coral Gables. Located in the Core of Miami and in the market with the largest concentration of new development including multifamily, office spaces, shops, restaurants, bars, and entertainment venues. The investment in the Midtown Portfolio offers prospective buyers an opportunity to acquire two net leased shopping centers in a high barriers market where few retail properties ever trade ownership, and where retail space is always in demand. The tenant mix includes a restaurant, a beauty bar and spa, a Citibank, an art gallery, art supplies store, three office spaces, furniture stores, a marketing agency, and a shoe and clothing store. With its heavy pedestrian and vehicular traffic throughout most hours of the day, the subject properties serve as a home to retail services which enjoy strong sales returns driven by the area's upscale attractions and dense business communities.

Exclusively Listed By

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