| Listing Price: | $2,200,000 | |
| CAP Rate: | 6.53% | |
| Price per SF: | $3,293.41 | |
| Year Built: | 2015 | |
| Rentable SF: | 668 SF |
120 Ocean Drive - Miami Beach, FL 33139
INVESTMENT HIGHLIGHTS
- Rare South of Fifth neighborhood net leased investment opportunity
- Occupied by world renown residential brokerage company Douglas Elliman
- Lease has minimal landlord responsibilities and aggressive 3% annual rent increases
- Priced at over 6.5% return on cash investment
- Ability to convert use to cafe or food use in the future
LOCATION HIGHLIGHTS
- Located at ground floor entrance to Glass Miami Beach luxury condominium
- Trophy Ocean Drive location is next to high end apartments, hotels and restaurant tenants including Prime 112 & Carbone
- Developed in 2015 with upscale finishes and excellent visibility on Ocean Drive
- Includes 663 outdoor courtyard space facing Ocean Drive
Contact Listing Agents:
-
Kirk D. Olson
Senior Vice President Investments
(786) 522-7064 (Office)Senior Director, Institutional Property Advisors & National Retail Group
(786) 338-5731 (Cell)
Kirk.olson@marcusmillichap.com -
Drew A. Kristol
Senior Vice President Investments
(786) 522-7065 (Office)Senior Director, Institutional Property Advisors & National Retail Group
(954) 647-6029 (Cell)
Drew.kristol@marcusmillichap.com -
Barry Wolfe
Senior Managing Director Investments
(954) 245-3493(Office)
(954) 701-0189( Cell)
barry.wolfe@marcusmillichap.com
