7521 FOR SALE PRODUCING PROPERTY - LoopNet
←
→
Page content transcription
If your browser does not render page correctly, please read the page content below
7521 INCOME
PRODUCING
BISCAYNE BLVD PROPERTY
MIAMI, FLORIDA
FOR SALE
7521 BISCAYNE BLVD PROPERTY OVERVIEW
BIS
PARKING
CA
ON-SITE
YN
EB
LVD
7521 BISCAYNE BOULEVARD is a freestanding corner building, fully-built-out and already tenant-occupied, in the heart of
the MiMo Historic District! This property offers maximum exposure on Biscayne Blvd with private on-site parking in the rear.
Handsome and unique interior and exterior details throughout in this eye-catching modernized gem, which includes a large
mezzanine that leads out to a sizeable terrace, custom wood cabinetry, high ceilings, and lots of natural light. The MiMo
District has been booming, with new restaurants, boutiques, and unique retail concepts in the last couple of years and is the
perfect opportunity you’ve been looking for! This unique option is excellent for an owner who’d like to benefit from having
a promising long-term tenant already in the space, without the worries of lost time and income trying to find someone to fill
the location. The property is in proximity to some of Miami’s hottest submarkets such as Miami Design District, Wynwood,
Downtown Miami as well as being within minutes to I-95 and all other major expressways.
INVESTMENT HIGHLIGHTS
• NO DOWNTIME TO FIND THE PERFECT TENANT - THEY’RE ALREADY THERE
• LOCATED IN THE MIMO HISTORIC DISTRICT
• OPTIMAL EXPOSURE ON BISCAYNE BOULEVARD
• WITHIN MINUTES TO I-95 AND ALL MAJOR EXPRESSWAYS
• ADJACENT TO MIAMI DESIGN DISTRICT, WYNWOOD, EDGEWATER AND MORE
ADJUSTED AREA LOT SIZE SALE PRICE ZONING
+/- 1,943 SF +/- 6,400 SF $1,695,000 T6-8 O
7521 BISCAYNE BLVD TENANT PROFILE +RENT ROLL
Angel Sanchez is a venezuelan renowned fashion designer based in New York since 1998. Praised
worldwide for evening wear designs as well as an acclaimed bridal line. His designs are architectural,
contemporary, and feminine; which always include a touch drama. Loyal clients include Taylor
Swift, Eva Longoria, Sandra Bullock, Beyonce, and more.
+
Christopher Coleman is a New York based interior designer and one of the top 50 designers
in the US. Recognized for his colorful, bold and modern style, Coleman’s vibrant color schemes
have continued to enliven interiors, restaurants and shops worldwide, many of which have been
featured in the nearly 100 publications that have printed his work. He is presently working
on two residential projects in Miami and in Jupiter Island in Florida.
Sanchez + Coleman Studio
BUILDING SIZE: +/- 1,943 SF
YEAR (Initial Term) MONTHLY ANNUAL RENT $/SF NNN
2016 - 2017 $8,158.33 $97,900.00 $50.39 NNN
2017 - 2018 $8,403.08 $100,837.00 $51.90 NNN
2018 - 2019 $8,655.18 $103,863.11 $53.45 NNN
2019 - 2020 $8,914.83 $106,977.97 $55.06 NNN
2020 - 2021 $9,182.28 $110,187.31 $56.71 NNN
IF 1ST OPTION TO RENEW IS EXERCIZED
YEAR (Option 1 Term) MONTHLY ANNUAL RENT $/SF NNN
2021 - 2022 $9,457.74 $113,492.93 $58.41 NNN
2022 - 2023 $9,741.48 $116,897.72 $60.16 NNN
2023 - 2024 $10,033.72 $120,404.65 $61.97 NNN
2024 - 2025 $10,334.73 $124,016.79 $63.83 NNN
2025 - 2026 $10,644.77 $127,737.29 $65.74 NNN
IF 2ND OPTION TO RENEW IS EXERCIZED
NOTE: Tenant has an option to renew for an additional five (5) years at the greater
of a) fair market rate after expiration of the first option term or b) last year’s rent
plus 5% increase.
7521 BISCAYNE BLVD PHOTOS
Invest in this unique modern
property in the heart of the
MiMo District, one of Miami’s
most sought-after Commercial
submarkets...
PERFECT OPPORTUNITY FOR
SAVVY INVESTOR OR OWNER
USER WHO WANTS MAXIMAL
EXPOSURE + PLENTIFUL PARKING
B LV D
B I S C AY N E
SOUTH TO NORTH VIEW
7521 BISCAYNE BLVD AERIAL VIEW
MiMo 7521 BISCAYNE BLVD
Moshi Moshi The Vagabond Motel
Phuc Yea
Organic Bites
Legion Park
Blue Collar
O’Munaciello
The Community
Home Design Center
Starbucks Panther Coffee
BISCAYNE BLVD
The Real Deal South Florida
VIVID Blowdry/Nail Bar
South Pacific Hotel
We Florida Financial
• The area where Legion Park sits has been approved to see new a development in the near future, including
a Mixed-Use 247 Unit complex on the land where the historic Harvey W. Seeds American Legion Post #29 was
located. This development brings more residents and visitors, further expanding MiMo’s popularity.
OTHER INVESTMENT HIGHLIGHTS
• Optimal Exposure on Biscayne Boulevard
• Ample parking on site
• Within minutes to all major expressways
• Minutes from Miami International Airport and the beaches
• Central location within minutes to Aventura, Miami Design District, Wynwood, Downtown Miami and more
7521 BISCAYNE BLVD SURROUNDING AREAS
MIAMI BEACH MIAMI INT’L
AIRPORT
+/- 15 MINS +/- 15 MINS
DOWNTOWN MIAMI
/BRICKELL
WYNWOOD
E D G E W AT E R
MIDTOWN
I-195 EXPRESSWAY
DESIGN DIS T RIC T
S
E W
E
AV
N
D
2N
NE
DESIGN DISTRICT WYNWOOD MIDTOWN DOWNTOWN MIAMI
The Design District is a thriving The Wynwood Art District is an Midtown is a thriving residential Downtown Miami is Miami’s
neighborhood in Miami that emerging neighborhood with and retail community built bustling epicenter, packed with
continues to expand as a fashion a multitude of vacant industrial around the synergy mimicking gleaming skyscrapers, sweeping
bay views, and hidden places
center and is now home to luxurious buildings. In the last couple New York’s SOHO community
to explore. It’s a neighborhood
brands such as Louis Vuitton, of decades the local arts scene of layers—decades of history
Prada, Christian Louboutin, has been dominated by local With the Design District focused overlapping and colliding; tourism
Chanel, Givenchy, Valentino, street artists and muralists who on securing luxury retailers, Midtown destinations like Port of Miami
etc. It also houses the Miami have repurposed old warehouse has become a hub for big box alongside local favorites like
Institute Of Contemporary Arts buildings into lofts, restaurants, retailers, you’ll definitely want a American Airlines Arena, home
to the Miami Heat; century-old
(ICA), as well as the artistic galleries, and event spaces. spot here.
buildings among new pockets
Museum Garage. of young residents who call the
neighborhood home.
7521 BISCAYNE BLVD
Lyle Chariff
Broker/President
lyle@chariff.com
Mauricio Zapata
Broker/Principal
mauricio@chariff.com
5801 BISCAYNE BOULEVARD
305-576-7474 @chariff MIAMI, FLORIDA 33137
305-576-7494 @chariffrealty www.chariff.com
All information has been secured from the seller/lessor and the accuracy thereof is not warranted and therefore must be verified by the buyer/lessee prior to
purchase/lease. All information is subject to errors, omissions, change, and withdrawal without notice. Any reference to age or square footage must be verified
and is not guaranteed. Buyer/lessee bears all risks.
You can also read
