10250 SW 56th St, Miami, FL 33165

Marcus and Millichap - The Zylberglait Group is proud to present Parkwood Office Plaza, a premier office building located at 10250 Southwest 56th Street, Miami, FL. This property offers 28,581 SF of office space, with 21 suites available for lease, catering to a range of tenants. The building is well-suited for small businesses or large corporate tenants, with flexible spaces designed for a modern working environment.

Strategically located in a desirable area of Miami, the property benefits from excellent accessibility and visibility. The building is also conveniently located with access to major transportation routes, enhancing its appeal to tenants and ensuring easy connectivity to the greater Miami area.

With an occupancy rate of 94.32% and a stable income stream, Parkwood Office Plaza is a solid investment opportunity. The property’s projected Cap Rate of 5.57%, with potential increases, ensures a strong return on investment. Its current and pro forma financials indicate steady cash flow and long-term profitability, making it a prime asset for investors seeking consistent income and growth in a growing market.

Parkwood Office Plaza, located at 10250 Southwest 56th Street in Miami, Florida, is a premier office building offering 28,581 square feet of flexible office space. The property is situated on a 1.19-acre lot in one of Miami’s highly sought-after areas, providing tenants with excellent visibility and access to major transportation routes. Built in 1990, the building has been well-maintained, ensuring a quality environment for its tenants and offering long-term operational stability for investors.

The building is currently 94.32% occupied, with a diverse mix of tenants primarily in the healthcare and professional services sectors. With 21 rentable suites, the property offers flexible leasing options that cater to both small businesses and larger corporate tenants. Suites range in size, allowing for a broad spectrum of leasing arrangements to suit various tenant needs. This tenant diversity ensures a consistent income flow and reduces the risk of high turnover.

Parkwood Office Plaza benefits from its proximity to essential amenities, including major shopping centers and medical facilities, which enhances its desirability for tenants. These amenities not only attract businesses looking for a central location but also provide tenants with a well-rounded work-life balance.

The property is well-connected to the greater Miami area via key transportation routes, making it an ideal location for businesses seeking a suburban office space with easy access to downtown Miami. The office plaza benefits from its suburban location, offering a quieter, more affordable alternative to the high-demand urban areas, while still being within close proximity to the commercial heart of the region. This combination of location and accessibility enhances the long-term appeal of the property.

With a competitive Cap Rate of 6.37% and projected increases in both rental income and occupancy, Parkwood Office Plaza offers solid returns for investors. The property’s pro forma projections estimate a slight rise in Net Operating Income (NOI), increasing its potential for long-term growth. Its well-maintained condition, low-risk operational history, and strategic location make it an ideal investment for those seeking both steady cash flow and potential appreciation in the growing Miami market.