Free Standing Class A Medical Office & Surgical Brickell
Medical Proffessional Office Building 23,231 SQ FT
Marketing description
Building total square foot including garage • 23,231 SF
Current Active Licensing for surgical procedures
T6-8 O Zoning
Investment highlights
Premier Properties is pleased to exclusively present 2801 SW 3rd Avenue, a free-standing Class A medical office building strategically positioned in West Brickell/ The Roads neighborhood, minutes from Downtown Miami. Built in 2019, this modern CBS construction offers 11,550 rentable square feet of fully built-out medical office space within a 23,231-square-foot building, featuring subterranean and ground-floor parking with 32 spaces, elevator access, floor-to-ceiling glass curtain wall, and a rooftop area.
The property is zoned T6-8O under Miami 21 — the city's highest-intensity urban core transect — which expressly permits medical offices, surgical suites, outpatient procedure centers, and dental/oral surgery operations by right. This is a rare and highly coveted entitlement in Miami's tightly constrained medical office market, where vacancy sits at a historic low of 6.1% and new construction supply is virtually nonexistent.
The second-floor suite (3,850 SF) is currently leased to Klinko, (contact agent for more info) while the third and fourth-floor suites (3,850 SF each) are built-out medical offices presently owner-occupied, featuring operating rooms, exam rooms, and dental/surgical suites. Notably, the second floor has benefited from over $4M in tenant improvements and medical buildout, overscoring the quality and specialization of this asset.
The building presents an investor with a clear value-add path: the two owner-occupied floors are available at closing, offering an immediate opportunity to lease at current Miami Class A medical rates of $110–$130/SF NNN — which projects a pro forma NOI of over $600,000 and a stabilized value well in excess of the asking price.
At $10,000,000 — representing $865/SF on net rentable area — this offering is priced significantly below the qualified closed-comp average of $851–$994/SF for far inferior, older product on the same corridor. Replacement cost alone for new surgical-grade medical construction exceeds $450–$1,020/SF, making this a rare opportunity to acquire an irreplaceable asset below replacement cost.
The seller is motivated and open to offers. A fast closing is preferred. This is an exceptional opportunity for an owner-user, medical operator, or healthcare investor seeking a trophy medical asset in one of the strongest medical office markets in the United States.
Exclusively marketed by Premier Properties | Ivette Agusti, Broker (305) 790-6125 | Jorge Ruiz, Director (305) 219-8970
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