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34332979
34332978

2811 S Bayshore Drive, Miami, FL 33133 For Sale

PC
FL FL 3129322
Colliers - Miami, Florida
KG
FL 3207398
Colliers - Miami, Florida
Listed by Colliers - Miami, Florida
Unpriced
6 days on market
Updated 5 days ago

2811 Bayshore Drive - Park Grove Retail Condo

Details
Property Type Retail
Sub Type Storefront
Square Footage 10,097
NOI $647,217
Occupancy 100%
Tenancy Single
Brand/Tenant Consilio
Lease Type NNN
Lease Term 10
Lease Expiration 08/30/2034
Lease Options Two (2) 5-year
Stories 1
Investment Type Net Lease
Lease Commencement 10/31/2023

2811 S Bayshore Drive, Miami, FL 33133

Marketing description

As exclusive listing broker, Colliers is pleased to present the opportunity to acquire a premier retail condominium located at Park Grove, a landmark mixed-use development at 2831 South Bayshore Drive in the heart of Coconut Grove. Developed by renowned industry leaders Terra Group and Related Group, Park Grove is one of the most ambitious and architecturally significant luxury residential developments ever delivered in Coconut Grove, comprised of three ultra-luxury residential towers totaling 263 condominium residences.

The offering consists of approximately 10,000 SF of ground-floor space within One Park Grove, prominently positioned along South Bayshore Drive with direct exposure toward Biscayne Bay. The property is currently leased to a long-term tenant under a recently executed 10-year lease, providing investors with stable in-place cash flow.

Situated within Coconut Grove, one of Miami's most established and affluent neighborhoods, Park Grove offers investors the rare opportunity to acquire a trophy office asset backed by long-term tenancy within a world-class luxury development and one of Miami's most desirable live-work-play environments.

Investment highlights

  • 100% Leased Retail Condo
  • Ground Floor - Park Grove
  • 10,097 SF
  • 112' Frontage on S Bayshore Drive
  • Initial Lease Term: 10 Years
  • Two (2) 5-year Options
  • Lease Start Date: November 1, 2023
  • Initial Term Expiration: August 31, 2034
  • Tenant: Consilio - global legal services and technology company

Listing Contacts

PC
FL FL 3129322
Colliers - Miami, Florida
KG
FL 3207398
Colliers - Miami, Florida
Listed by Colliers - Miami, Florida

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Loan Amount
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$647,217.00
$53,934.75/mo

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Additional Information

Name
Pablo Camposano
License
FL 3129322
Brokerage
Colliers International
Title
Vice President
Brokerage Address
801 Brickell Bay Drive
Name
Kevin Gonzalez
License
3207398
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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