Trendy Spaces | 64 NW 54th St
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Trendy Spaces 64 NW 54th St
8,300 SF Office Building Miami, FL 33127 £3,747,750 (£452/SF) 5.40% Net Initial Yield
Investment Highlights
- 2017 Ground Up Construction
- 18 Ft ceilings
- Gated With Controlled Access
- NET Leased
- Each Bay Separately Metered for Both Water and Electric
- T5-O Zoned
Executive Summary
New to Market, unique opportunity to acquire a prime flex office building nestled between Miami's vibrant Buena Vista and Little Haiti neighborhoods. This contemporary property, constructed in 2017, boasts a total of 6 versatile bays suited for a variety of office and flex uses all contributing to a steady income. Each bay features loft-style architecture, complete with modern amenities designed to meet the highest standards of functionality and efficiency.
Recently built ground up construction meets the latest building codes, ensuring structural integrity and compliance. Each bay features 18ft high ceilings and a mezzanine level, providing ample space for customized office configurations or flex operations. Additional features include ADA-compliant restrooms, kitchenette, HVAC for optimal climate control, fire sprinkler system, 10 x10 garage door, assigned parking, and secure gated access with controlled entry for enhanced security. The Property’s convenient location benefits from proximity to major transportation arteries and vibrant local amenities, making it an attractive location for businesses seeking accessibility and visibility.
This offering presents an attractive investment opportunity in Miami's rapidly growing commercial real estate market. With its modern design, strategic location, and versatile usage potential, the property appeals to a diverse range of tenants and investors looking to capitalize on the dynamic economic growth of the area. Its stable rental income from fully leased bays have potential for value enhancements through strategic property management and lease optimization strategies. The favorable market conditions in both Buena Vista and Little Haiti are supported by strong tenant demand and competitive rental rates.
This is a rare opportunity to acquire a well-appointed flex office building in Miami's urban pocket. Whether you're an investor seeking reliable rental income or looking to expand your commercial portfolio, this property offers the perfect blend of modern amenities, strategic location, and growth potential. Rent-roll available upon request.
Recently built ground up construction meets the latest building codes, ensuring structural integrity and compliance. Each bay features 18ft high ceilings and a mezzanine level, providing ample space for customized office configurations or flex operations. Additional features include ADA-compliant restrooms, kitchenette, HVAC for optimal climate control, fire sprinkler system, 10 x10 garage door, assigned parking, and secure gated access with controlled entry for enhanced security. The Property’s convenient location benefits from proximity to major transportation arteries and vibrant local amenities, making it an attractive location for businesses seeking accessibility and visibility.
This offering presents an attractive investment opportunity in Miami's rapidly growing commercial real estate market. With its modern design, strategic location, and versatile usage potential, the property appeals to a diverse range of tenants and investors looking to capitalize on the dynamic economic growth of the area. Its stable rental income from fully leased bays have potential for value enhancements through strategic property management and lease optimization strategies. The favorable market conditions in both Buena Vista and Little Haiti are supported by strong tenant demand and competitive rental rates.
This is a rare opportunity to acquire a well-appointed flex office building in Miami's urban pocket. Whether you're an investor seeking reliable rental income or looking to expand your commercial portfolio, this property offers the perfect blend of modern amenities, strategic location, and growth potential. Rent-roll available upon request.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£247,781
|
£29.85
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£247,781
|
£29.85
|
| Taxes |
£18,541
|
£2.23
|
| Operating Expenses |
£28,284
|
£3.41
|
| Total Expenses |
£46,826
|
£5.64
|
| Net Operating Income |
£200,955
|
£24.21
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | £247,781 |
| Annual Per SF | £29.85 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £247,781 |
| Annual Per SF | £29.85 |
| Taxes | |
|---|---|
| Annual | £18,541 |
| Annual Per SF | £2.23 |
| Operating Expenses | |
|---|---|
| Annual | £28,284 |
| Annual Per SF | £3.41 |
| Total Expenses | |
|---|---|
| Annual | £46,826 |
| Annual Per SF | £5.64 |
| Net Operating Income | |
|---|---|
| Annual | £200,955 |
| Annual Per SF | £24.21 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
8,300 SF
Building Class
B
Year Built
2017
Price
£3,747,750
Price Per SF
£452
Net Initial Yield
5.40%
NOI
£202,378
Tenancy
Multiple
Number of Floors
1
Typical Floor Size
1,100 SF
Building FAR
0.61
Land Acres
0.31 AC
Zoning
T5-O - THE URBAN CENTER ZONE consists of higher Density
Mixed-Use Building types that accommodate retail and
office Uses, row houses and apartments.
Parking
2 Spaces (0.24 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Controlled Access
- Security System
- Kitchen
- Roof Terrace
- High Ceilings
- Plug & Play
- Air Conditioning
Walk Score ®
Very Walkable (82)
PROPERTY TAXES
| Parcel Number | 01-3124-013-0230 | Total Assessment | £971,204 |
| Land Assessment | £0 | Annual Taxes | £18,541 (£2.23/sf) |
| Improvements Assessment | £0 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
01-3124-013-0230
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£971,204
Annual Taxes
£18,541 (£2.23/sf)
Tax Year
2024
-
Eric Gonzalez -
Central Commercial R.E.
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