Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Key Facts

Year Built 2008
Building Area
Occupancy 77.0 %

Property Description

Opportunity to acquire 900 Biscayne Bay Retail, a 7,146 SF retail-condominium at the base of the 63-story, 516-unit 900 Biscayne Bay residential condominium tower in the heart of Downtown Miami. Situated at the intersection of Biscayne Boulevard and 9th Street, 900 Biscayne Retail benefits from an irreplaceable location at the epicenter of Downtown Miami and its immediate proximity to outstanding demand drivers, including the $4 billion Miami Worldcenter mixed-use development, Virgin Miami Central/ Brightline, Port Miami, American Airlines Arena, Bayside Marketplace, Adrienne Arsht Center, Pérez Art Museum, Phillip and Patricia Frost Museum of Science, Miami-Dade College, Watson Island and nearly 4,000 recently constructed/to be delivered residential units. This offering represents a truly rare opportunity to acquire a value-add retail opportunity with a prime location within one of the nation's most dynamic urban cores.

Investment Highlights

  • Irreplaceable Biscayne Boulevard location with excellent frontage and visibility.
  • Truly rare value-add retail investment offering in the heart of Miami’s thriving urban core.
  • Secure revenue stream with weighted average lease-term remaining of 5+ years with highly successful operators with lease guarantees.
  • At 77% occupancy, 900 Biscayne Retail offers potential investors significant value enhancement potential through increasing revenue by nearly 33% via lease-up of available space.
  • Attractive stabilized returns.
  • Opportunity to leverage off of the adjacent transformative Miami Worldcenter project which will add a large concentration of national retailers to the submarket and generate traffic from both tourists and from residents throughout South Florida.
  • Ideal 1031 exchange property to provide secure passive income and minimal management responsibilities.
Last Updated Date: 02 Oct 2020
Eric Williams
Eric Williams
Senior Director, Capital Markets
License details
FL-SL3179736
Luis Castillo
Luis Castillo
Managing Director, Capital markets
License details
SL3203377

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Last Updated Date: 02 Oct 2020

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