Listed by Cushman & Wakefield - Miami, Florida, Cushman & Wakefield - Boca Raton, Florida, Cushman & Wakefield - Fort Lauderdale, Florida
Unpriced
Midtown Doral Commercial Value-Add Portfolio
Details
APN 35-3008-009-0015; 35-3008-009-0115
Property Type Retail, Multifamily
Sub Type Apartment Building
Square Footage 33,856
Units 14
NOI $1,776,903
Occupancy 71.4%
Tenancy Multi
Lease Type NNN
Class A
Year Built 2017
Acreage 0.24 - 0.55
Zoning Planned Unit Development (PUD) - Mixed Use
Parking Spaces 235 spaces
Parking Per SqFt 6.94
Investment Type Value Add
14 Ground-Floor Units | 33,856 SF
Marketing description
Cushman & Wakefield of Florida, LLC, acting as exclusive advisor, is excited to present the Midtown Doral Commercial Value-Add Portfolio (the “Property” or “Portfolio”), the entire retail ground floor beneath the Midtown Doral I and II mixed use towers located at 7671 and 7761 NW 107th Avenue in the dynamic City of Doral in Miami-Dade County.
Developed between 2017-18 as part of a major mixed-use phased development with plans for over 1,500 units, the Property comprises 33,866 square feet of ground floor retail that is situated beneath two towers with a combined 251 residential condo units and beside a structured parking garage.
The retail features prime frontage along NW 107th Avenue (31,000 VPD), and wraps around an inviting, landscaped courtyard with flowing fountains and room for outdoor seating at the southeast corner of NW 107th Ave and NW 78th Street.
The Portfolio is currently 71% leased to a diverse mixture of restaurant, daycare, health spa and fitness tenants that are patronized by the captive residents above and in the surrounding residential communities.
The Offering represents a rare opportunity to acquire the entire ground floor retail in a major mixed-use project in Doral, and to add significant value through the lease up of five vacant units totaling 9,677 SF.
The subject property comprises the entire ground floor commercial space beneath two, 8-story residential condominium buildings branded as Midtown Doral I & II, respectively, at the SEC of NW 107th Ave and NW 78th Street.
Investment highlights
- 33,866 SF of ground floor commercial demised for 14 tenants in a high quality mixed use residential project
- Prime exposure on NW 107th Ave (31,000 VPD)
- Synergistic mix of restaurants, daycare, health spa and fitness tenancy, as well as more than 200,000 SF of co-tenancy from the adjacent residential projects to the north and Publix anchored, Doral Commons community shopping center directly to the south
- Favorable local retail market fundamentals, with a vacancy rate of only 2.7% as of Q4 2025
- Infill location within the robust Doral trade area with a population of 90,111 within 3 miles
- 235 parking spaces available in adjacent structured parking garage
- Value add upside through leasing vacancy, as well as potential to monetize the parking and/or sell out individual retail condo units
- Prime infill location within the dynamic City of Doral, one of Miami’s strongest and most under-retailed submarkets
- Just north of the signalized intersection of NW 107th Ave and NW 74th St (52,500 VPD), and proximate to interchanges with Florida’s
- Turnpike and Palmetto Expressway along 74th Street
- Directly adjacent to Doral Commons, a 138k SF Publix anchored community shopping center Explosive Residential Growth
- Doral is one of Miami-Dade’s hottest residential growth areas
- More than 7,600 residential units developed within a 2 mile radius of the property since 2001 Strong Demographics
- +$101K Average Household Income
- Young, wealthy Hispanic families are the driver fueling the trade area’s population growth
- Financial Highlights:
- 10yr CAGR of 6.2%
- All tenants have contractual rent increases of 3 - 5%
- Diversified granular tenancy, with no single tenant representing more than 15% of RBA
- Newer construction (2017-18) limits near term capital outlay
- Value add strategies include:
- Leasing up the five vacant units totaling 9,677 SF (28.6% of RBA)
- Monetizing transient parking
- Condo sell out of cash flowing units to investors and/or vacant units to users
Listing Contacts
Listed by Cushman & Wakefield - Miami, Florida, Cushman & Wakefield - Boca Raton, Florida, Cushman & Wakefield - Fort Lauderdale, Florida
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$--
Annual Debt Service
$--
$--
Annual Cash Flow
$1,776,903.00
$148,075.25/mo
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Brokerage Phone
Name
License
Brokerage
Name
License
Brokerage
Title
Is there information that looks off?
