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Faits saillants de l'investissement
- 112,638 SF multi-tenant office and retail campus
- Recent $7 million in capital expenditures
- Seller will consider qualified JV proposals in addition to outright sale
- 3.17-acre high-visibility corner site in North Miami Beach
- MU/IB-W zoning with mixed-use redevelopment potential
- Lease-up Upside with $1.3MM Loss-to-Lease
Résumé de l'annonce
Miami Square offers investors and developers a rare income-producing covered land play in the City of North Miami Beach. Situated on a 3.17-acre high-visibility corner site along NE 167th Street, the property includes approximately 112,638 rentable square feet across a 12-story office tower, retail components, structured parking, and additional campus redevelopment areas.
The asset provides current in-place income from office, retail, and parking operations, with additional upside through lease-up of existing vacancy. This creates a strategic acquisition profile: near-term income from the existing commercial campus, combined with the ability to pursue a larger mixed-use redevelopment plan over time.
The property is zoned Mixed-Use International Boulevard District - West (MU/IB-W). Current zoning analysis indicates an as-of-right residential density of up to 80 dwelling units per acre, with conceptual studies illustrating approximately 252 residential units while preserving the existing office tower. Additional intensity may be available through applicable local bonus provisions or Florida’s Live Local Act framework, subject to confirmation by land-use counsel, City review, site planning, parking, infrastructure, and all required approvals.
Seller is seeking a sale and will consider qualified joint venture proposals from experienced development, operating, or capital partners capable of executing a phased mixed-use redevelopment strategy. Financial information is available to qualified prospects upon execution of a confidentiality agreement.
The asset provides current in-place income from office, retail, and parking operations, with additional upside through lease-up of existing vacancy. This creates a strategic acquisition profile: near-term income from the existing commercial campus, combined with the ability to pursue a larger mixed-use redevelopment plan over time.
The property is zoned Mixed-Use International Boulevard District - West (MU/IB-W). Current zoning analysis indicates an as-of-right residential density of up to 80 dwelling units per acre, with conceptual studies illustrating approximately 252 residential units while preserving the existing office tower. Additional intensity may be available through applicable local bonus provisions or Florida’s Live Local Act framework, subject to confirmation by land-use counsel, City review, site planning, parking, infrastructure, and all required approvals.
Seller is seeking a sale and will consider qualified joint venture proposals from experienced development, operating, or capital partners capable of executing a phased mixed-use redevelopment strategy. Financial information is available to qualified prospects upon execution of a confidentiality agreement.
Faits sur la propriété
Type de vente
Investissement
Conditions de vente
Type de propriété
Taille du bâtiment
112 638 pi²
Classe d’immeuble
B
Année de construction/rénovation
1965/2024
Location
Multiples
Hauteur du bâtiment
12 étages
Superficie de plancher typique
9 387 pi²
Coefficient d’occupation des sols de l’immeuble
0,82
Taille du lot
3,17 AC
Zonage
MU/IB-W - Usage mixte
Stationnement
300 places (2,66 places par 1 000 pi² loué)
Commodités
- Accès 24 heures
- Concierge
- Service d'alimentation
- Gestionnaire d'immeuble sur place
- Système de sécurité
- Affichage
- Affichage sur monument
- Climatisation
- Détecteur de fumée
Moyennement accessible à pied
70/100
Exceptionnellement adapté aux voitures
90/100
Transports en commun limités
30/100
Plutôt accessible en vélo
40/100
Impôts fonciers
| Numéro de lot | 07-2207-013-0010 | Évaluation des bâtiments | 0 $ CAD |
| Évaluation du terrain | 0 $ CAD | Évaluation totale | 15 556 481 $ CAD |
Impôts fonciers
Numéro de lot
07-2207-013-0010
Évaluation du terrain
0 $ CAD
Évaluation des bâtiments
0 $ CAD
Évaluation totale
15 556 481 $ CAD
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Miami Square | 633-699 NE 167th St
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