7521 BISCAYNE BLVD MIAMI, FLORIDA INCOME PRODUCING PROPERTY FOR SALE
PROPERTY OVERVIEW 7521 BISCAYNE BOULEVARD is a freestanding corner building, fully-built-out and move-in ready in the heart of the MiMo Historic District. This property offers maximum exposure on Biscayne Blvd with private on-site parking in the rear. Handsome and unique interior and exterior details throughout in this eye-catching modernized gem, which includes a large mezzanine that leads out to a sizeable terrace, custom wood cabinetry, high ceilings, and lots of natural light. The MiMo District has been booming, with new restaurants, boutiques, and unique retail concepts in the last couple of years and is an ideal chance for a business to be in the center of this cluster of single-family communities and condominium developments. This unique investment opportunity is perfect for a savvy investor or owner user who d like to benefit from the proximity to some of Miami s hottest submarkets such as Miami Design District, Wynwood, Downtown Miami as well as being within minutes to I-95 and all other major expressways. IDEAL USES FOR THIS MODERNIZED GEM INCLUDE: Wework style-offices Private school/training Center Other innovative retail/office concept Creative offices Mixed Use Art galleries ADJUSTED AREA LOT SIZE SALE PRICE ZONING +/- 1,943 SF +/- 6,400 SF $1,888,000 T6-8 O
RENT ROLL Sanchez + Coleman Studio BUILDING SIZE: +/- 1,943 SF YEAR (Initial Term) 2016-2017 2017-2018 2018-2019 2019-2020 2020-2021 MONTHLY $8,158.33 $8,403.08 $8,655.18 $8,914.83 $9,182.28 ANNUAL RENT $97,900.00 $100,837.00 $103,863.11 $106,977.97 $110,187.31 $/SF NNN $50.39 NNN $51.90 NNN $53.45 NNN $55.06 NNN $56.71 NNN IF 1ST OPTION TO RENEW IS EXERCIZED YEAR (Option 1 Term) 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 MONTHLY $9,457.74 $9,741.48 $10,033.72 $10,334.73 $10,644.77 ANNUAL RENT $113,492.93 $116,897.72 $120,404.65 $124,016.79 $127,737.29 $/SF NNN $58.41 NNN $60.16 NNN $61.97 NNN $63.83 NNN $65.74 NNN IF 2ND OPTION TO RENEW IS EXERCIZED NOTE: Tenant has an option to renew for an additional five (5) years at the greater of a) fair market rate after expiration of the first option term or b) last year s rent plus 5% increase.
PHOTOS Invest in this unique modern property in the heart of the MiMo District, one of Miami s most sought-after Commercial submarkets... PERFECT OPPORTUNITY FOR SAVVY INVESTOR OR OWNER USER WHO WANTS MAXIMAL EXPOSURE + PLENTIFUL PARKING SOUTH TO NORTH VIEW BISCAYNE BLVD
AERIAL VIEW Moshi Moshi MiMo The Vagabond Motel Phuc Yea Organic Bites Blue Collar The Community Starbucks The Real Deal South Florida South Pacific Hotel BISCAYNE BLVD Legion Park O Munaciello Home Design Center Panther Coffee VIVID Blowdry/Nail Bar We Florida Financial The area where Legion Park sits has been approved to see new a development in the near future, including a Mixed-Use 247 Unit complex on the land where the historic Harvey W. Seeds American Legion Post #29 was located. This development brings more residents and visitors, further expanding MiMo s popularity. OTHER INVESTMENT HIGHLIGHTS Optimal Exposure on Biscayne Boulevard Ample parking on site Within minutes to all major expressways Minutes from Miami International Airport and the beaches Central location within minutes to Aventura, Miami Design District, Wynwood, Downtown Miami and more
SURROUNDING AREAS MIAMI BEACH +/- 15 MINS MIAMI INT L AIRPORT +/- 15 MINS EDGEWATER DOWNTOWN MIAMI /BRICKELL MIDTOWN WYNWOOD DESIGN DISTRICT I-195 EXPRESSWAY S E N W NE 2ND AVE DESIGN DISTRICT WYNWOOD MIDTOWN DOWNTOWN MIAMI The Design District is a thriving neighborhood in Miami that continues to expand as a fashion center and is now home to luxurious brands such as Louis Vuitton, Prada, Christian Louboutin, Chanel, Givenchy, Valentino, etc. It also houses the Miami Institute Of Contemporary Arts (ICA), as well as the artistic Museum Garage. The Wynwood Art District is an emerging neighborhood with a multitude of vacant industrial buildings. In the last couple of decades the local arts scene has been dominated by local street artists and muralists who have repurposed old warehouse buildings into lofts, restaurants, galleries, and event spaces. Midtown is a thriving residential and retail community built around the synergy mimicking New York s SOHO community With the Design District focused on securing luxury retailers, Midtown has become a hub for big box retailers, you ll definitely want a spot here. Downtown Miami is Miami s bustling epicenter, packed with gleaming skyscrapers, sweeping bay views, and hidden places to explore. It s a neighborhood of layers decades of history overlapping and colliding; tourism destinations like Port of Miami alongside local favorites like American Airlines Arena, home to the Miami Heat; century-old buildings among new pockets of young residents who call the neighborhood home.
Lyle Chariff Broker/President lyle@chariff.com Mauricio Zapata Broker/Principal mauricio@chariff.com 305-576-7474 305-576-7494 @chariff @chariffrealty 5801 BISCAYNE BOULEVARD MIAMI, FLORIDA 33137 www.chariff.com All information has been secured from the seller/lessor and the accuracy thereof is not warranted and therefore must be verified by the buyer/lessee prior to purchase/lease. All information is subject to errors, omissions, change, and withdrawal without notice. Any reference to age or square footage must be verified and is not guaranteed. Buyer/lessee bears all risks.