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Property 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 Map
FL
Miami-Dade County
Miami
33186
12030 SW 129th Ct
W81° 35' 41.5''
N25° 39' 21.7''
MLS Addon
1
Sale
$42,635
7700
0

12030 SW 129th Ct, Miami, Florida 33186

$6,300,000
42,000 size sq.ft.
Listing ID #A11535862
Basic Details
Property Type Commercial Sale
Listing Type For Sale
Listing ID A11535862
Price $6,300,000
Year Built 2009
Days on Market 0
Building Area 25,642
Status Active
Property SubType Office
Lot Area 42,000 Sqft
List Date 2024-02-20
On Market Date 19/02/2024
Elena Beck
MiamiInvestrealty
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