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For Sale 7521 Biscayne Blvd Property Overview

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For Sale 7521 Biscayne Blvd Property Overview INCOME PRODUCING BISCAYNE7521 BLVD PROPERTY MIAMI, FLORIDA FOR SALE 7521 BISCAYNE BLVD 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 • Creative offices • Private school/Training Center • Mixed Use • Other innovative retail/office concept • Art galleries ADJUSTED AREA LOT SIZE SALE PRICE ZONING +/- 1,943 SF +/- 6,400 SF $1,695,000 T6-8 O 7521 BISCAYNE BLVD RENT ROLL Sanchez + Coleman Studio BUILDING SIZE: +/- 1,943 SF YEAR (Initial Term) MONTHLY ANNUAL RENT $/SF NNN 2016 - 2017 $8,158.33 $97,900.00 $50.39 NNN 2017 - 2018 $8,403.08 $100,837.00 $51.90 NNN 2018 - 2019 $8,655.18 $103,863.11 $53.45 NNN 2019 - 2020 $8,914.83 $106,977.97 $55.06 NNN 2020 - 2021 $9,182.28 $110,187.31 $56.71 NNN IF 1ST OPTION TO RENEW IS EXERCIZED YEAR (Option 1 Term) MONTHLY ANNUAL RENT $/SF NNN 2021 - 2022 $9,457.74 $113,492.93 $58.41 NNN 2022 - 2023 $9,741.48 $116,897.72 $60.16 NNN 2023 - 2024 $10,033.72 $120,404.65 $61.97 NNN 2024 - 2025 $10,334.73 $124,016.79 $63.83 NNN 2025 - 2026 $10,644.77 $127,737.29 $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. 7521 BISCAYNE BLVD 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 7521 BISCAYNE BLVD AERIAL VIEW MiMo 7521 BISCAYNE BLVD Moshi Moshi The Vagabond Motel Phuc Yea Organic Bites Legion Park Blue Collar O’Munaciello The Community Home Design Center Starbucks Panther Coffee The Real Deal South Florida VIVID Blowdry/Nail Bar South Pacific Hotel We Florida Financial BISCAYNE BLVD BISCAYNE • 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 7521 BISCAYNE BLVD SURROUNDING AREAS MIAMI BEACH MIAMI INT’L AIRPORT +/- 15 MINS +/- 15 MINS DOWNTOWN MIAMI /BRICKELL WYNWOOD EDGEWATER MIDTOWN I-195 EXPRESSWAY DESIGN DISTRICT S E W N NE 2ND AVE DESIGN DISTRICT WYNWOOD MIDTOWN DOWNTOWN MIAMI The Design District is a thriving The Wynwood Art District is an Midtown is a thriving residential Downtown Miami is Miami’s neighborhood in Miami that emerging neighborhood with and retail community built bustling epicenter, packed with continues to expand as a fashion a multitude of vacant industrial around the synergy mimicking gleaming skyscrapers, sweeping bay views, and hidden places center and is now home to luxurious buildings. In the last couple New York’s SOHO community to explore. It’s a neighborhood brands such as Louis Vuitton, of decades the local arts scene of layers—decades of history Prada, Christian Louboutin, has been dominated by local With the Design District focused overlapping and colliding; tourism Chanel, Givenchy, Valentino, street artists and muralists who on securing luxury retailers, Midtown destinations like Port of Miami etc. It also houses the Miami have repurposed old warehouse has become a hub for big box alongside local favorites like Institute Of Contemporary Arts buildings into lofts, restaurants, retailers, you’ll definitely want a American Airlines Arena, home to the Miami Heat; century-old (ICA), as well as the artistic galleries, and event spaces. spot here. buildings among new pockets Museum Garage. of young residents who call the neighborhood home. 7521 BISCAYNE BLVD Lyle Chariff Broker/President [email protected] Mauricio Zapata Broker/Principal [email protected] 5801 BISCAYNE BOULEVARD 305-576-7474 @chariff MIAMI, FLORIDA 33137 305-576-7494 @chariffrealty 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..
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