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3120-3138 Commodore Plz 37,581 SF 100% Leased Retail Building Coconut Grove, FL 33133 $26,508,522 CAD ($705.37 CAD/SF)

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INVESTMENT HIGHLIGHTS

3120-3138 Commodore Plaza presents an absolute, long-term, NNN ground-lease land tract of 0.44 acres.
An irreplaceable real estate investment opportunity; live local eligible.

Bond-Like (30-Yr TIPS) alternative with 3% compound increases and CPI protection.
The building is under a current demolition order from the City of Miami, the ground tenant is in default.

EXECUTIVE SUMMARY

DWNTWN Realty Advisors is pleased to present a core Coconut Grove NNN ground-leased investment—offering a fee simple interest in 19,325 square feet of land with a 99-year ground lease (approximately 92 years remaining). The property is improved by a 37,581-square-foot, four-story mixed-use building located at 3120–3138 Commodore Plaza, in the central core of one of Miami’s most revered townships. The long-term lease features 3% annual compound increases and CPI protection, delivering stable, inflation-hedged income in a premier location surrounded by luxury residences, fine dining, and a thriving commercial scene. With substantial in-place income and built-in rent growth, this generational asset offers durable and predictable cash flow with safe-haven characteristics in one of South Florida’s most supply-constrained, high-barrier-to-entry markets.

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