12030 SW 129th Ct, Miami, 33186

  • $6,300,000

Listing UP for Sale

Miami

Overview

Property ID: A11535862
  • Property Type
  • Office
  • 42000
  • Lot sqft
  • 2009
  • Year Built

Description

Kendall Market 25,642 sf Freestanding 2009-Built Suburban Office Building with Significant Upside on Rents or Available for an Owner-User. Currently housing 19 units, all leased but retained on month-to-month leases for ease of re-tenanting or vacating. Currently generating $185k per year but Pro-Forma rents would easily take this to $611k NOI per year for a nearly 10% cap at asking price. Site is on 42k sf lot, with plenty of parking, and in a thriving, very clean and very economically vital corner of Kendall. Modern trends have pushed new-forming families to the suburbs in large numbers, and as such suburban office markets are finding incredible vitality as opposed to more urban product. Because of this, tenancy is only growing in strength and should continue that way.

  • Address 12030 SW 129th Ct
  • City Miami
  • State/county Florida
  • Zip/Postal Code 33186
  • Area Miami-dade County

Details

Updated on March 11, 2024 at 2:24 pm
  • Property ID: A11535862
  • Price: $6,300,000
  • Land Area: 42000 sqft
  • Year Built: 2009
  • Property Type: Office
  • Property Status: Listing UP for Sale

Additional details

  • Lot Size: 42000

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