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Commercial Real Estate Investment Opportunity: Square One Center – 20880 West Dixie Highway Miami
Alex Zylberglait of Marcus & Millichap is proud to offer Square One Center, a one-story Class B medical office building with approximately 17,600 square feet of rentable space. The property was built in 1999 of concrete block. It is located right off West Dixie Highway next to Aventura, Florida. The building has ample on-site parking with a 6 to 1,000-square foot parking ratio.
The property is 100 percent occupied and has a majority of medical tenants. It is located proximate to Aventura Hospital, which recently underwent a $130 million expansion. There is ease of management for an investor with all NNN leases.
Aventura is an affluent suburban submarket in northeastern Miami-Dade County, a mile from the beach. The city is located centrally between Ft. Lauderdale and Miami. Aventura has been a rapidly growing area for several decades as people are drawn to the region’s beaches and excellent year-round climate. Minutes from the property are Highway I-95, Biscayne Boulevard and Aventura Mall.
Property Type:
Office
Property Name:
Square One Center
Property Address:
20880 West Dixie Highway
Miami, FL 33180
Price: $4,100,000
Size: 17,600 Rentable SqFt
Contact Alex Zylberglait for his expert investment advisory services on this office property Square One Center.
Alex Zylberglait provides commercial real estate investment advisory as well as research, estate planning, asset allocation, valuation, financing, special assets services, transaction advisory and commercial property acquisition and disposition services.
Commercial Office Buildings, Commercial Real Estate, Miami, Property Listings, South Florida
Commercial Buildings, Commercial Office Building, Commercial Real Estate Investment, Commercial Real Estate Investment Advisory, Commercial Real Estate Investment Strategy, Investing, Investing Tips, Investment Opportunities, Miami, Miami-Dade, Property Listings, South Florida
i read the details on the website. occupied by a majority of medical tenants, cap rate of 7.64%, total return of 10.05%. this is a good deal!
I’d wait 2 more years before we buy this.
2 years? many experts agree that offices have bottomed already. waiting 2 more years would mean a higher price for your purchase when offices have already recovered. besides this prop has already been listed. investors finding a good deal would grab this opportunity.
I agree with you Pauline. Although I think offices may still falling but at a decreasing rate and will bottom out smoothly next year as it will slowly pick up in the next quarters. Picture a fat “U” shaped graph spread over 2008 to 2011. Watch employment statistics as I see this as a good indicator of office demand.