www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
33764127
33764140

12615 W DIXIE HWY, NORTH MIAMI, FL 33161-4803

KF
FL SL3590335, FL SL – 3590335
Marcus & Millichap
RE
FL SL-3402581
Marcus & Millichap
Listed by Marcus & Millichap
$6,500,000
10 days on market
Updated 10 days ago

Conviva Senior Primary Care (Humana) | Corporate Guarantee

Details
APN 0622300100040
Property Type Retail, Office
Sub Type Medical Office
Square Footage 11,463
Cap Rate 5.00%
NOI $324,233
Occupancy 100%
Tenancy Single
Brand/Tenant Conviva Senior Primary Care
Lease Type NN+
Lease Term 10
Lease Expiration 03/31/2031
Remaining Term 4.8
Rent Bumps Yes
Lease Options Two 5-Year Options
Buildings 2
Stories 2
Acreage 0.740
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 04/01/2021
Ground Lease No

ATTRACTIVE 2.5% ANNUAL INCREASES

Marketing description

Marcus & Millichap is pleased to exclusively present for sale this net-leased Conviva Care Center,

located at 12615–12625 W Dixie Highway in North Miami, Florida. Ideally positioned in the heart

of Northeast Miami-Dade County, the property benefits from close proximity to Downtown Miami,

Miami Beach, Aventura, Bal Harbour, Sunny Isles Beach, and numerous other affluent and densely

populated South Florida communities.

The asset consists of two freestanding medical office buildings totaling 11,463 square feet and

is situated on a 0.73-acre parcel with ample on-site parking and prominent frontage along W

Dixie Highway. The property is fully occupied by Conviva Care Center, a subsidiary of Humana

Inc., one of the nation’s largest healthcare and insurance providers. The tenant executed a

10-year lease commencing April 1, 2021, with an initial term extending through March 31,

2031 and features 2.5% annual rental increases throughout the initial term and both five-year

renewal options. The location serves as a mission-critical healthcare facility for the surrounding

community and offers investors the opportunity to acquire a strategically located medical asset

backed by a publicly traded healthcare company in one of South Florida’s most densely populated

and supply-constrained markets.

Strategically positioned along West Dixie Highway, a major north-south thoroughfare serving

the North Miami, North Miami Beach, Aventura, and surrounding trade areas, the property

benefits from excellent visibility, convenient ingress and egress, and direct access to a substantial

residential population. The surrounding area features a dense mix of established neighborhoods,

healthcare facilities, retail destinations, and employment centers, creating a strong and stable

patient base that supports the tenant’s long-term operations.

The property is located within one of Miami-Dade County’s most dynamic healthcare corridors,

with more than 400,000 residents within a five-mile radius. The trade area features a substantial

concentration of multifamily communities, single-family neighborhoods, and age-restricted

housing developments, driving consistent demand for primary and preventative healthcare

services.

The property also benefits from its proximity to several major healthcare institutions, including

HCA Florida Aventura Hospital, Jackson North Medical Center, Mount Sinai Medical Center’s North

Miami locations, and numerous outpatient healthcare providers throughout Northeast Miami-

Dade County. Additionally, the property offers convenient access to several of South Florida’s

primary transportation corridors, including Biscayne Boulevard (US-1), Interstate 95, and the

Florida Turnpike, providing outstanding regional connectivity for both patients and employees.

Conviva Care Center is one of the nation’s leading providers of senior-focused primary care

services, delivering comprehensive healthcare through an integrated care model designed to

improve patient outcomes, enhance quality of life, and reduce overall healthcare costs. Backed

by Humana, Conviva has established a significant presence throughout Florida and continues

to expand across key growth markets driven by favorable demographics, increasing healthcare

demand, and an aging population.

Investment highlights

• Operated by Conviva Care Center, a Leading Healthcare Services Provider and Wholly Owned Subsidiary of Humana Inc. (NYSE: HUM)

• Humana Inc. (NYSE: HUM) | Investment Grade Credit Rated BBB+ By S&P

• Located Minutes from Downtown Miami, Miami Beach, Aventura, Bal Harbour, Sunny Isles Beach, And Other Affluent South Florida Communities

• Strategically Positioned Within One of Miami-Dade County’s Most Dynamic Healthcare Corridors

• Serves One of South Florida’s Most Densely Populated and Supply-Constrained Healthcare Markets

• Positioned Along W Dixie Highway, a Major North-South Thoroughfare Serving North Miami, North Miami Beach, Aventura, And Surrounding Trade Areas

• Dense Demographics | Population Exceeds 400,000 Residents Within a Five-Mile Radius

• Senior Population Among the Fastest-Growing Demographics in The United States, Driving Long-Term Demand for Healthcare Services

• Proximity To Major Healthcare Institutions Including HCA Florida Aventura Hospital, Jackson North Medical Center, Mount Sinai Medical Center, And Numerous Outpatient Healthcare Providers

• Attractive 2.5% Annual Rental Increases

• Convenient Access to Biscayne Boulevard (US-1), Interstate 95, Florida’s Turnpike, And Other Major Transportation Corridors

• Strong Regional Connectivity for Patients, Employees, And Healthcare Providers • Florida Is a No State Income Tax State

Listing Contacts

KF
FL SL3590335, FL SL – 3590335
Marcus & Millichap
RE
FL SL-3402581
Marcus & Millichap
Listed by Marcus & Millichap

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$324,233.31
$27,019.44/mo

Valuation Metrics

0
DSCR
4.99%
Cap Rate
4.99%
ROI

Map

Zoning

Intelligence Badge
C-3 CommercialCore CommercialCommercial
View municipality zoning documents
Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
View all 126 uses
View all 126 uses
Last updated May 25, 2026 For deeper zoning details, reports are available at Zoneomics

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Ryan Nee
License
BK 3154667
Title
Broker of Record
Name
Kevin Foo
License
SL3590335
Brokerage
Marcus Millichap
Brokerage Phone
7868979990
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591