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Ivory 214 is Class "A" boutique office building featuring 34 offices ideal for medical use. Office suites 901 and 902 currently leased to a Cardiologist. Office 901 is 1,518 square feet. Office 902 is 1,714 square feet with an outdoor terrace. The initial lease term was signed for ten (10) years with 8.5 years remaining. Rent increases of 3% per year. The current cap rate is 6.3% on a yearly NOI of $118,077. Ivory 214 features full restaurant and café on premises and access to hotel amenities. Minutes from Aventura Hospital, Aventura Mall and Gulfstream Park.
| DAYS ON MARKET | 50 | LAST UPDATED | 5/1/2024 |
|---|---|---|---|
| YEAR BUILT | 2021 | COMMUNITY | 12 |
| COUNTY | Miami-Dade | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| ADDITIONAL DETAILS | |
| AREA | 12 |
|---|---|
| BUYER'S BROKERAGE COMPENSATION | 3.0% |
| LOT | 3232 acre(s) |
| TAXES | 11970 |
| ZONING | 6800 |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with Cervera Real Estate Inc.
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