| For Sale
| 134,743 sqft
LOW DOWNPAYMENT. NONE RECOURSE ASSUMABLE FINANCING IN PLACE. The Northwest 36th Center offers investors an opportunity to control a significant asset in a strategic location right next to Miami International Airport and nestled between the cities of Doral and Coral Gables. The property was built in the 1970's of concrete block and features three buildings with multiple entry points. It has great access along Northwest 36th Street (Doral Boulevard). There are approximately 160 office suites in the property housing a multitude of tenants primarily in the service industries including health care, insurance, real estate, and government. Tenants enjoy the proximity to the Miami International Airport, as well as, major transportation corridors of the Dolphin Expressway (836) the Palmetto Expressway (826) and Interstate 95.
The building has undergone a number of improvements over the last couple of years and there is limited deferred maintenance. There is significant upside to increase occupancy, as well as,rental rates with more aggressive management and increased demand generated by businesses in the professional and aviation services. In addition, the property is being sold significantly below replacement value. There is an attractive assumable financing in place for a new owner with a major national lender.
Price Per Sqft: $59.37
Listing ID: 258878