Creative Office | Wynwood | Multi-Tenant Investment Offering

82 NE 26th St, Miami, FL 33137, USA
$22,289,120

Description

Marcus & Millichap is pleased to present an exceptional opportunity to acquire the Fee Simple interest for this Trophy Net Leased Creative Office in the heart of Miami’s most vibrant district – Wynwood. The subject property is comprised of 31,334 square feet of gross leasable area and sits on a .77 Acre Parcel currently zoned T5-0 allowing for future development.
The subject property is 100 percent occupied and home to the Corporate Headquarters of four internationally recognized tenants. The tenants; Fridababy, Fluent, Outform, and Itopia boast an excellent lineup of E-Commerce Retailers, Medical Cannabis Service Providers, Marketing, and IT / Cloud Solution providers.
Strategically located in Miami’s fastest booming and hottest submarket, the property is expected to see significant appreciation while offering an investor substantial cash flow. The Creative Office also benefits from its proximity to NW 2nd Avenue and North Miami Avenue; the area’s two main commercial corridors and some of Miami’s busiest thoroughfares. The location provides easy access to the Macarthur Causeway, Interstate-95, 195, 395, the Dolphin Expressway (FL-836) and several other major highways. Furthermore, this incredible location will soon be home to the proposed Tri-Rail Train Station which will serve tourists, commuters, and locals traveling to and from the local area. It’s also within a short distance to Downtown Miami, Midtown Miami,
Brickell, Miami’s Health District, Miami’s CBD, and minutes away from the world-famous Miami Beach.
Wynwood is Miami’s Art District and home to hundreds of the city’s best restaurants, cafes, shops, and entertainment venues. Nationally recognized around the world, Wynwood has been rapidly transforming from a tourist destination to a full live-work-play community. In the past year, Wynwood has seen a surge of new development projects that are attracting a specific demographic, inclusive of creative companies and residents looking to cluster within this unique market and overall environment. Today, Wynwood is expected to deliver or in the planning/construction stages for +/- 500,000 square feet of office space, another +/- 400,000 square feet planned, over 1M square feet of existing retail space and another 600,000 square feet in the pipeline.
Absorption rates are some of the highest in Miami, making Wynwood a booming market in which to invest with tremendous future potential.
This opportunity is highly desirable and functional in its current use, however, provide for future development under its favorable zoning designation. A new investor can enjoy great returns while the surrounding development continues to appreciate values and rental rates.

  • 100% Occupied | Home to Tenants’ Corporate Headquarters
  • Exceptional Urban Infill Location
  • Epicenter of Wynwood District
  • Rare & Unique Investment Opportunity in The Heart Of Wynwood
  • Wynwood (Miami’s Art District) is recognized as one of the “Coolest Neighborhoods in the World”
  • Favorable Zoning | Covered Land Play | Potential Future Development
  • Surrounded by Significant Development
  • Unmatched Access and Proximity to Macarthur Causeway, Interstate-95, 195, 395, and Dolphin Expressway (FL-836), and major highways
  • Close proximity to major hubs including Miami’s Health District, CBD, Brickell, Downtown, Midtown, and minutes away from Miami Beach
  • Adjacent to Proposed Tri-Rail Train Station

Property Documents

  • Creative-Office-Miami-FL-om-ib
  • City: Miami
  • State/county: Florida
  • Zip/Postal Code: 33137
  • Country: United States

Detail

  • Price: $22,289,120
  • Year Built: 1924

Additional details

  • CAP RATE: 5.00%
  • NOI: $1,114,456

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