7.82% Cap Rate Office Deal with Upside
Listing was updated at: 04/24/2019
Property Overview
Price/Rent PSF $ 5,950,000.00
Asset Type Office
Trade Type Sale & Lease
SQ. FT. Available 30,769
Date Available 04/22/2019
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Parking 104
Floors 1
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Description

Location
Property is located just west of MDX busway just north of SW 184th Street and South of Hibiscus Street on Homestead Avenue.

Sale
The Keyes Company, on behalf of the owner, is marketing for sale the Lee A. Lawrence Sr. Office Complex, a 30,745-square-foot, 83% leased out single story flex office building within the Perrine Community Urban Center (PECUC) Disitrict in the South Dade Submarket of Miami-Dade County. Property is located within a designated an opportunity zone.

Avionica Corporate Headquarters, also known as the Lee A. Lawrence Sr. Office Complex is situated on 1.92 acres at 17735 Homestead Avenue within the Palmetto Bay/Cutler Bay trade areas. The property is proximate to Miami-Dade Transit's Bus Line, that stretches from Homestead and connects to the entire Miami-Dade Transit System. Additionally, the complex has access to Florida's turnpike and US1, two of the busiest highways and a gateway to the Miami MSA. The one-story building consists of two (2) units. The largest tenant, General Electric's Avionica Division, is well established in the space and plans to remain. There is 5,000 square feet remaining that has become available for lease at $14.00 PSF MG, providing a new investor a great opportunity to further maximize their overall return.

Lease
This 5,000 square foot flex office space with three workrooms, one large conference room, private offices along the perimeter, open work spaces with cubicles, multiple bathrooms and a kitchen area.

Location