9780 E INDIGO ST Palmetto Bay, Florida
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1 DOWNTOWN PALMETTO BAY OFFICE BUILDING 9780 E INDIGO ST Palmetto Bay, Florida Maria Maite Z. Dominguez, PA BHHS Commercial Division Realtor maitezarraga.dominguez@gmail.com
2 Berkshire Hathaway Home Services ( BHHS ) Florida Realty Commercial Division is pleased to exclusively offer the opportunity to acquire 9780 E Indigo Street (the Property or the Building ), a three-story office building located in the heart of the Palmetto Bay MasterPlanned RedevelopmentDistrict. The 14,925 square foot building is located one block from the Palmetto Bay Government Center. There are eight suites, each with a rest room. The building is 100% leased to four tenants. Rarely do offerings of this nature become available in coveted Palmetto Bay. PROPERTY SUMMARY Address Year Built 2006 Stories 9780 East Indigo Street Palmetto Bay, Florida Three Adjusted SF 14,925 Net Rentable Area (SF) 10,400 Occupancy 100% Parking 35 spaces 3.5 spaces per 1,000 SF Offered at $2,250,000 $150 Price per Adjusted SF Priced Below Replacement Cost Lot size =.33 Acres Easy to manage Rents below market - Value-add opportunity in Downtown Palmetto Bay Located one block from South Dixie Highway US 1, with traffic counts of 32,000 VPD plus This information has been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.
3 Suite Tenant SF Lease Start Lease End Rent Per SF 101 Jose Perez, P.A. 1,077 1/1/ /31/2018 $ , 202, 203 & 204 Total Medical Mgmt. 5,126 1/1/ /31/2021 $ & 302 Recapturing the Vision 3,347 12/1/ /31/2019 $ XenaGirl 850 7/1/2018 6/30/2019 $ Totals/Averages 10,400 $ Landlord pays water, trash removal, real estate taxes and insurance. Tenants pay own utilities, excluding water. 6% Population Growth $448,000 Median Home Value Located in Palmetto Bay s Master Plan District Strong demographics with $106,324 Median Income Easy Access One block from South Dixie Highway (US 1) 32,000 VPD At the heart of an Evolving livework-play lifestyle Below Market Rents Value Add Opportunity This information has been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.
4 Parkview Apartments Approved Nicklaus Children s Hospital Atlantico Under Construction The Property is located in the heart of the Village of Palmetto Bay s Main Street District within the DUV, Downtown Urban Zoning. The Village was awarded the Southeast Florida Smart Growth Excellence Award for the Village s Downtown Master Plan and Downtown Urban Village Regulations. Village of Palmetto Bay Government Center Palmetto Bay Office 9780 E Indigo Street Sandpiper Apartments Approved Solesta Bay Village Approved Palmetto Bay Park
5 APPROVED PROJECTS IN PALMETTO BAY Atlantico under construction Franjo Road 271 residential units 7,000 SF of commercial space Sandpiper Apartments approved 9701 Wayne Street & 9700 E Indigo Street 82 residential units 10,000 SF of commercial space Solesta Bay Village approved S Dixie Highway 301 residential units 2,495 SF of commercial space Park View Apartments approved SW 174 th Street 235 residential units 1,500 SF of commercial space
6 SALE PROCESS Offering Format and Timeline The property is offered on an as-is, where-is basis only to select investors Preference will be given to those offers that reflect the most comprehensive underwriting and the fewest or no due diligence requirements or other conditions to close. Investors should be prepared to disclose their sources of funds and any approval processes necessary to close the transaction. Please, Contact: Maria Maite Zarraga Dominguez, PA BHHS Realty Commercial Division SL # mobile
9780 E INDIGO ST Palmetto Bay, Florida
DOWNTOWN PALMETTO BAY OFFICE BUILDING Palmetto Bay, Florida Maria Maite Z. Dominguez, PA BHHS FL Realty - Commercial Division Realtor 305.934.4665 maitezarraga.dominguez@gmail.com Berkshire Hathaway Home
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