$1,636,000
$1,695,000
3.5%For more information regarding the value of a property, please contact us for a free consultation.
3,232 SqFt
SOLD DATE : 10/22/2024
Key Details
Sold Price $1,636,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
Square Footage 3,232 sqft
Price per Sqft $506
MLS Listing ID A11550096
Sold Date 10/22/24
HOA Y/N No
Year Built 2021
Annual Tax Amount $11,970
Contingent Pending Inspections
Lot Size 3,232 Sqft
Property Description
Ivory 214 is Class “A” boutique office building featuring 34 offices ideal for medical use. Office suites 901 and 902 currently leased to a Cardiologist. Office 901 is 1,518 square feet. Office 902 is 1,714 square feet with an outdoor terrace. The initial lease term was signed for five (5) years with 3.5 years remaining. One renewal option for five (5) years at market rent. Rent increases of 3% per year. The current cap rate is 6.75% on a yearly NOI of $118,077. Ivory 214 features a full restaurant and café on premises and access to hotel amenities. Minutes from Aventura Hospital, Aventura Mall and Gulfstream Park.
Location
State FL
County Miami-dade
Area 12
Exterior
Total Parking Spaces 3
Others
Tax ID 28-12-34-089-0050
Acceptable Financing Cash, Other
Listing Terms Cash, Other
Financing 1031 Exchange
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Bought with Real Estate Factory of S. FL.
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