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27858874
32348803

6595 NW 36th St, Virginia Gardens, FL 33166

AZ
FL FL BK3015211
Marcus & Millichap - The Zylberglait Group
Listed by Marcus & Millichap - The Zylberglait Group
$14,750,000
223 days on market
Updated 30 days ago

Vacant Office Portfolio at Miami International Airport

Details
APN 26-3025-001-0291
Property Type Office, Land
Sub Type Medical Office, Commercial (+1)
Square Footage 134,743
Keys 261
Tenancy Multi
Brand/Tenant Hilton Hotels
Pro-Forma Cap Rate 23.61%
Pro-Forma NOI $3,481,794
Price per SqFt $109
Broker Co-Op Yes
Buildings 1
Stories 7
Acreage 3.910
Zoning Restricted Commercial (RCU)
Parking Spaces 291 spaces
Parking Per SqFt 2.16
Investment Type Value Add
Ownership Fee Simple

Vacant Office Building Portfolio at Miami International Airport

Marketing description

Marcus and Millichap - The Zylberglait Group presents this Offering Memorandum for a prime 3.91-acre office property at 6595 Northwest 36th Street in Virginia Gardens, Florida. This property offers a tremendous opportunity for investors seeking to capitalize on the growing demand for office space in a high-traffic location. Currently vacant, it provides significant upside potential through occupancy and rental income, offering a flexible investment for a wide range of industries.

The property consists of a 134,743-square-foot office building with 160 suites. Originally built in 1971 and renovated in 1973, the building provides ample space for tenants across various industries. With its versatile floor plan, it is well-suited for office, medical, or trade uses, offering flexibility for potential tenants looking to establish themselves in a prominent location.

Strategically located across from Miami International Airport, one of the busiest airports in the world, this property benefits from unmatched visibility and easy access to major transportation routes. Its location in the Northwest 36th Street corridor ensures excellent exposure and is positioned in a growing area with increasing demand for commercial real estate.

The property’s proximity to Miami International Airport and limited availability of office space in the area gives it a competitive edge. It serves a variety of industries, including aviation, trade, medical, and other sectors, making it an attractive option for investors looking to secure long-term tenants in a rapidly developing market. With its prime location, it offers both a stable income stream and future growth potential.

For investors, this property represents a rare opportunity to acquire a well-positioned office asset in an area with limited office supply. The vacant building offers immediate upside in leasing and rental income, with the added benefit of being situated in a highly desirable and growing commercial corridor near Miami International Airport. This offering presents a strategic investment for those looking to capitalize on a dynamic real estate market.

Investment highlights

  • Vacant value add three office building portfolio at Miami International Airport

  • Over 130K SF of office located in three separate buildings

  • Miami International Airport $9 billion modernization

  • Boeing Training Center - Pilot-training campus generates ~72k room-nights annually

  • $1 billion Inter Miami stadium, 2026 will add a 25k -seat venue and a 750-room hotel

Listing Contacts

AZ
FL FL BK3015211
Marcus & Millichap - The Zylberglait Group
Listed by Marcus & Millichap - The Zylberglait Group

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Additional Information

Name
Alex Zylberglait
License
FL BK3015211
Brokerage
Marcus & Millichap Miami
Title
Broker Associate
Brokerage Address
2916 North Miami Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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