• An Award Winning Net Lease & Retail Commercial Real Estate Group

BB&T Bank Net-Lease | Financial Center | Trophy Brickell Location

1200 Brickell Avenue, Miami, Florida 33131
$15,477,175

Description

Marcus & Millichap is pleased to present for sale this Net Leased BB&T Bank and Corporate Offices with over $223,199,000 in deposits and backed by S&P A rated Corporate Branch Banking & Trust Company. Headquartered in Winston-Salem, North Carolina, they have over 2,100 locations and $210 billion in assets. The Offering includes the ground floor café space with a newly executed seven year lease.

This BB&T is situated in one of downtown Miami’s signature office buildings in the heart of Miami’s premier financial district, with over 200,000 full time residents in the immediate area, with an average household income of over $80,000 dollars annually. This property benefits from its strategic location at the hard signalized intersection of SE 13th Street, which leads directly to Coral Way to the West and Brickell Avenue. Brickell Avenue is the heart of Miami’s Financial District and is also known as “Millionaire’s Row. Located 1.2 miles South of downtown Miami, Brickell is considered the densest neighborhood in the country south of Manhattan and is comprised of thirty six million square feet of office, retail, hotel and residential space, with another five million currently under construction.

BB&T has recently extended their lease an additional seven years with rare three percent annual increases for the ground floor bank branch, which includes a walk up ATM, and tenth and eleventh floor corporate offices with zero reduction in floor plan. This represents their commitment to the value of this world class banking location. With a combined square footage of 27,351 square feet, BB&T has been occupying this space for over ten years.

The entire building underwent a first class remodel and condominium renovation in 2008 and enjoys Class A Office amenities, including a Morton’s Steak House in the lobby.

 

■ NEWLY EXTENDED LEASE WITH BB&T BANK, S&P A RATED
■ IRREPLACEABLE LOCATION AT SIGNALIZED INTERSECTION OF 13TH
STREET AND BRICKELL AVENUE
■ ATTRACTIVE THREE PERCENT ANNUAL INCREASES
■ OVER 200,000 FULL TIME RESIDENTS IN THE IMMEDIATE MARKET
AREA
■ OVER $223,199,000 IN DEPOSITS, INCREASE OF 5.91%
FROM PREVIOUS YEAR
■ DOWNTOWN MIAMI CORPORATE OFFICES AND BRANCH

 

  • Address: 1200 Brickell Avenue
  • City: Brickell, Miami
  • State/county: Florida
  • Zip/Postal Code: 33131
  • Country: United States

Detail

  • Price: $15,477,175

Additional details

  • Cap Rate: 5.00%

Features