8360 W Flagler Miami, FL 33144
Value Add Component to Anchor Space
Under Market Rents, Average $20.94 per SF
98% Occupancy Rate
52% Tenants are Medical
New Elevator System
New Lift and Pump Station
Security Cameras Throughout
New Building Generator
Compass Fl., LLC is proud to have the exclusive listing of Flagler Office Building. The Building, located at 8360 W. Flagler Street, Miami, Florida 33144, sits directly across from Publix Supermarket along with other numerous resources at Flagler Park Plaza. Building boasts 24,020 rentable sq ft. with parking for 80 vehicles, 67 of which are under cover.
Currently with a 98% occupancy rate, it has a strong net income. Fifty percent of the tenants are medical providers and the other half consist of professional services, all with excellent credit. It boasts two nationally recognized tenants who have been at the building for over 20 years.
In excellent condition, it has a new OTIS elevator system which includes a Purification Fan, a lift and pump station meeting all of DERM’s latest requirements, and a newly installed generator. Designer bathrooms all have sensor faucets and are fully ADA compliant, as is the entire building. The building also has a 24 hour surveillance camera system, which system can be viewed from anywhere in the world. It also has exterior signage capabilities at various locations, both at the entrance and at the roof line. All sign ready locations come with great signage visibility.
There is an opportunity to raise rents in several tenant spaces since the rates are under market. Similarly, a great opportunity to add value to the anchor space with renovations to the 4,055 sq ft. exists.