MUV | 3% Annual Increases | 16635 NE 19th Ave
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MUV | 3% Annual Increases 16635 NE 19th Ave
4,337 SF Office Building Miami, FL 33162 £2,166,594 (£500/SF) 6.75% Net Initial Yield
Investment Highlights
- 8+ Years Remaining | Award-Winning MÜV | Options to Extend | 3% Annual Rental Increases
- Fronting NE 19th Avenue | Dense Trade Area | Surrounding Retailers | North Miami - Desirable Destination
- Absolute NNN Lease | Fee-Simple | No State Income Tax | No Landlord Responsibilities
- Dense Demographics in 5-Mile Trade Area | Steady Population Growth
Property Facts
Sale Type
Investment
Property Type
Building Size
4,337 SF
Building Class
C
Year Built/Renovated
1981/2023
Price
£2,166,594
Price Per SF
£500
Net Initial Yield
6.75%
NOI
£146,281
Tenancy
Single
Number of Floors
1
Typical Floor Size
4,337 SF
Building FAR
0.38
Land Acres
0.26 AC
Parking
16 Spaces (3.69 Spaces per 1,000 SF Leased)
Amenities
- Bus Route
- Signage
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Walk Score ®
Walker's Paradise (90)
Bike Score ®
Very Bikeable (88)
PROPERTY TAXES
Parcel Number | 07-2216-001-0280 | Improvements Assessment | £490,619 |
Land Assessment | £451,370 | Total Assessment | £941,989 |
PROPERTY TAXES
Parcel Number
07-2216-001-0280
Land Assessment
£451,370
Improvements Assessment
£490,619
Total Assessment
£941,989
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MUV | 3% Annual Increases | 16635 NE 19th Ave
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