Photo 20 of Office Listing For Sale at 19700 COCHRAN BOULEVARD
Photo of Stellar MLS Office Listing For Sale at 19700 COCHRAN BOULEVARD. To purchase this Office or search for any other homes for sale in Miami FL and the surrounding areas contact one of our Miami REALTORS at themortgagecalculator.com
| Price | $5,700,000.00 |
| Listing ID | C7508429 |
| Status | For Sale |
| Address Map |
19700 COCHRAN BOULEVARD |
| Beds | |
| Baths | |
| Square Ft | 11,980 |
Description
This approximately 12,000 SF Medical/Office building has undergone a complete remodeling and is now fully leased with tenants from the medical, real estate, and financial sectors. This prime investment property is offered with new leases at higher than market rents and is trading at nearly a 7% cap rate. The majority of the building will be occupied by the seller under a ten-year lease agreement at $35.00/SF with annual escalations. A substantial renovation costing nearly $2 million has been completed on the main section of the building. This renovated space will now house a primary care medical practice and an urgent care facility, enhancing the building's value and appeal. Located conveniently on Cochran Boulevard, at the hard corner of Peachland and Cochran Boulevard, this property offers maximum exposure and easy access. This strategic location is ideal for attracting both foot traffic and patients who require urgent and primary care services.