Fully Leased Out Flex Office Complex

Listing was updated at: 05/03/2020
Property Overview
Price/Rent PSF $ 5,950,000.00
Asset Type Office
Trade Type Sale
SQ. FT. Available 30,769
Date Available 04/28/2020
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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 this 30,745-square-foot (30,000 square feet rentable), 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.

This two tenant building known as the headquarters for GE/Avionica Corporate Division, 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. A proposed six (6) year lease with GE has been agreed upon and will commence upon a successful closing with whomever purchase this great asset. The smaller 5,000 square foot bay was leased out to a PPEC (Prescribed Pediatric Extended Care) Facility for a five (5) year term that commenced on June 2019.

Location