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Oak Park Professional Center 8925 SW 148th St
22,983 SF 82% Leased Office Building Palmetto Bay, FL 33176 £4,440,404 (£193/SF) 9.27% Net Initial Yield
Investment Highlights
- Strategic Location That Ensures Easy Access To Major Thoroughfares
- Ideally Suited For Small Businesses
- Completed 50-Year Recertification
- Ample On-Site Parking
- Strong Tenant Demand
Executive Summary
This office asset offers excellent visibility and easy access. The property is conveniently close to Coral Gables, Palmetto Expressway (SR 826), Dolphin Expressway (SR 836), Miami International Airport (MIA), and Downtown Miami. This central location ensures that businesses can enjoy seamless connectivity to key areas, making it a prime address for professional firms.
Completed 50-Year Recertification
The building’s location along South Dixie Highway ensures high visibility, which is crucial for businesses looking to enhance their presence. Prominent signage opportunities allow companies to effectively brand their office space, increasing recognition and attracting clients. Inside, Oak Park Professional Center offers a versatile layout with a mix of private offices and open floor plans. This flexibility caters to a range of business needs, from individual professional practices to collaborative workspaces, and allows for easy reconfiguration to suit specific requirements. Most office suites are under 1,000 square feet, making them ideal for small businesses. Whether you are an engineer, designer, insurance agent, accountant, architect, lawyer, or medical professional, Oak Park Professional Center provides an optimal environment for growth. Ample on-site parking is a significant advantage, ensuring that both employees and clients have convenient and secure parking options. This feature enhances the overall convenience and attractiveness of the property.
For investors, Oak Park Professional Center represents a sound investment opportunity. The property’s location, condition, and versatility make it an attractive option for tenants, ensuring a steady demand for office space. The building’s ease of management and maintenance further enhance its appeal as an investment asset. The location, convenience, and overall condition of the property typically attract a long list of tenants looking to occupy space in Oak Park Professional Center. This high demand ensures a consistent rental income, making it a reliable investment. The property’s well-maintained condition and ease of management reduce the overhead costs associated with property ownership. Investors can enjoy a hassle-free experience while benefiting from a stable and lucrative asset.
This office building is positioned well for potential appreciation in value. As Miami continues to grow and develop, properties in prime locations like this are likely to see significant increases in value over time.
Pro Forma NOI: $526,034
Property Facts
Amenities
- 24 Hour Access
- Bus Route
- Property Manager on Site
- Signage
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
- Space can be divided into Executive Suite Style - Rate incudes utilities, building services and property expenses - Maintenance person onsite' -Private offices - Kitchen and conference room - Waiting area - offices with many windows
- Space can be divided into Executive Suite Style - Kitchen - Conference Room - Reception area - Offices with windows
Space | Size | Space Use | Condition | Available |
2nd Fl-Ste 216 | 1,650 SF | Office | Full Build-Out | Now |
2nd Fl-Ste 218 | 2,510 SF | Office | Partial Build-Out | Now |
2nd Fl-Ste 216
Size |
1,650 SF |
Space Use |
Office |
Condition |
Full Build-Out |
Available |
Now |
2nd Fl-Ste 218
Size |
2,510 SF |
Space Use |
Office |
Condition |
Partial Build-Out |
Available |
Now |
2nd Fl-Ste 216
Size | 1,650 SF |
Space Use | Office |
Condition | Full Build-Out |
Available | Now |
- Space can be divided into Executive Suite Style - Rate incudes utilities, building services and property expenses - Maintenance person onsite' -Private offices - Kitchen and conference room - Waiting area - offices with many windows
2nd Fl-Ste 218
Size | 2,510 SF |
Space Use | Office |
Condition | Partial Build-Out |
Available | Now |
- Space can be divided into Executive Suite Style - Kitchen - Conference Room - Reception area - Offices with windows
PROPERTY TAXES
Parcel Number | 33-5021-032-0010 | Improvements Assessment | £0 |
Land Assessment | £0 | Total Assessment | £3,743,255 |
PROPERTY TAXES
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Oak Park Professional Center | 8925 SW 148th St
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