115 Southwest 8th Street
22,500 SF | 78% Leased | Immediate Upside
Marketing description
Metro 1 Commercial is proud to present the retail condo at the AC Element Hotel located at 115 SW 8 St, Miami, FL (“The Property”).
Featuring a 22,529 SF retail condo in Miami’s financial hub, Brickell. The Property is currently 78% leased with eight tenants; six on the ground floor and two on the second floor, and a vacant 5,011 SF space on the second floor. Tenants featured include The Standard residences, the national fitness concept PingPod, Silver Mirror Spa with over 10 locations, La Suiza Bakehouse, The Tips Golf, and PNO Piano Lounge.
Located in Brickell, Miami, one of South Florida’s densest and most significant economic hubs. Brickell recently has seen an influx of new capital with Citadel acquiring a $350MM development site, where they are planning a $2.5B HQ, the completion of 830 Brickell, with tenants including Peter Thiel, Microsoft, PE firm Thoma Bravo, and Banco Santander, the groundbreaking of Mercedes Residences, to name a few.
This investment opportunity presents immediate cash flow with a clear path to appreciation and submarket growth.
Investment highlights
- In-place income with embedded upside — 22,529 SF retail condo currently 78% leased generating $1.21M current NOI, with a clear path to $1.79M stabilized NOI (a ~48% lift) upon leasing the vacant 5,011 SF second-floor space.
- Irreplaceable Brickell location — Situated in the heart of Miami's financial district at the base of the AC/Element Hotel, one of South Florida's densest, highest-barrier-to-entry submarkets and a top destination for global capital.
- Unmatched walkability and transit access — Steps from the Metromover (Miami's free automated people-mover) and surrounded by Brickell City Centre's premier dining, retail, and cultural offerings, the Property sits in one of Miami's most pedestrian-friendly, transit-connected districts — maximizing tenant exposure and consumer foot traffic.
- Diversified, experiential tenant roster — Eight tenants across complementary uses including The Standard Residences sales gallery, national fitness concept PingPod, Silver Mirror Spa, The Tips indoor golf, La Suiza Bakehouse, and PNO Piano Lounge, driving day-and-night foot traffic and durable cash flow.
- Riding a wave of institutional investment — Directly benefiting from Brickell's transformation: Citadel's $350M site acquisition for a planned $2.5B headquarters, the leased-up 830 Brickell (Microsoft, Thoma Bravo, Banco Santander), and the new Mercedes-Benz Residences.
- Stabilized cash flow with appreciation runway — Annualized NOI projected at $1.35M by September 2026, offering immediate income today and meaningful value creation as occupancy stabilizes and the submarket continues to grow.
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Similar Properties
Is there information that looks off?
