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STAND-ALONE RETAIL/OFFICE BUILDING 1420-1422 NE 163rd St 1,181 - 2,529 SF of Space Available in North Miami Beach, FL 33162
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 1422 | 1,181 SF | 5-7 Years | $51.65 CAD/SF/YR $4.30 CAD/SF/MO $60,998 CAD/YR $5,083 CAD/MO | Triple Net (NNN) |
1st Floor, Ste 1422
- Lease rate does not include utilities, property expenses or building services
- Can be combined with additional space(s) for up to 2,529 SF of adjacent space
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 1420 | 1,348 SF | 5-7 Years | $51.65 CAD/SF/YR $4.30 CAD/SF/MO $69,623 CAD/YR $5,802 CAD/MO | Triple Net (NNN) | ||
| 1st Floor, Ste 1422 | 1,181 SF | 5-7 Years | $51.65 CAD/SF/YR $4.30 CAD/SF/MO $60,998 CAD/YR $5,083 CAD/MO | Triple Net (NNN) |
1st Floor, Ste 1420
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Can be combined with additional space(s) for up to 2,529 SF of adjacent space
1st Floor, Ste 1422
- Lease rate does not include utilities, property expenses or building services
- Can be combined with additional space(s) for up to 2,529 SF of adjacent space
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
| Total Space Available | 2,529 SF | Gross Leasable Area | 2,529 SF |
| Property Type | Retail | Year Built | 1946 |
| Property Subtype | Freestanding | Parking Ratio | 1.98/1,000 SF |
| Total Space Available | 2,529 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 2,529 SF |
| Year Built | 1946 |
| Parking Ratio | 1.98/1,000 SF |
ABOUT THE PROPERTY
Apex Capital Realty is delighted to offer the opportunity to lease 1420 NE 163rd ST in North Miami Beach. The 2,529 square foot stand-alone building fronting North Miami Beach’s main corridor NE 163rd ST – connecting I-95 to Biscayne Blvd, as well as impressive submarkets including Aventura, Sunny Isles, Bal Harbour, Surfside, and North Miami. The site boasts exceptional visibility with an average daily traffic count of over 56,000 vehicles. On-site parking includes five dedicated spaces, with additional access to a free, first-come, first-serve City of North Miami Beach public parking lot adjacent to the property. Previously configured for two tenants, the building features a flexible layout with two front entrances and two rear exits. While part of the central demising wall has been opened up in the rear, the structure lends itself well to multi-tenant or creative use configurations. With its prime location, high traffic exposure, and versatile design, this property presents a compelling opportunity for businesses looking to establish a presence along one of North Dade’s most strategic and affluent corridors.
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STAND-ALONE RETAIL/OFFICE BUILDING | 1420-1422 NE 163rd St
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