2801 SW 3rd Ave, Miami FL 33129

Description of 2801 SW 3rd Ave, Miami FL 33129

Free-standing Class A Brickell medical office building. Built in 2019, CBS construction, 23,231 SF, underground parking, floor-to-ceiling glass, rooftop area. T6-8O under Miami 21, highest-intensity urban core transect — medical offices, surgical suites, outpatient procedure centers, dental/oral surgery operations by right; vacancy sits at a historic low of 6.1%-new construction supply is virtually nonexistent. Over $4M in tenant improvements and medical buildout, Current Miami Class A medical rates of $110–$130/SF NNN — pro forma NOI of over $600,000 and a stabilized value well in excess of the asking price. At $10,000,000 — representing $865/SF on net rentable area — this offering is priced significantly below the qualified closed-comp average of $851–$994/SF for far inferior, older product on the same corridor. Replacement cost alone for new surgical-grade medical construction exceeds $450–$1,020/SF, making this a rare opportunity to acquire an irreplaceable asset below replacement cost. The seller is motivated and open to offers. A fast closing is preferred. This is an exceptional opportunity for an owner-user, medical operator, or healthcare investor seeking a trophy medical asset in one of the strongest medical office markets in the United States.

Property Details for 2801 SW 3rd Ave, Miami FL 33129

Pool Private

No

Building Information for 2801 SW 3rd Ave, Miami FL 33129

Building Area Total

23231

Building Area Units

Square Feet

Association

No

Property Information for 2801 SW 3rd Ave, Miami FL 33129

Lot Size Square Feet

9,687

Waterfront

No

View

No

New Construction

No

Public Records for 2801 SW 3rd Ave, Miami FL 33129

Parcel Number

01-41-38-009-1180

Tax Legal Description

38-39 54 41 BRICKELL ESTATES PB 17-50 LOTS 9 TO 11 INC BLK 22 LOT SIZE 77.500 X 125 OR 20557-2794/25432-4692 0402 4 COC 26478-1774 05 2008 6

Zoning

6100

County Or Parish

Miami-Dade County

Location