International City Building
25,902 SF | Vacant | Office Building | North Miami Beach, FL 33169 | $7,530,000 ($291/SF) | 6.93% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $7,530,000
- Sale Condition
- High Vacancy Property
- Property Type
-
Office
- Square Feet
- 25,902 SF
- Price / Square Foot
- $291
Listing Contacts
Alex Zylberglait
Verified Profile
Michael Crocchiola
Verified Profile
- Property Info
Property Overview
Marcus & Millichap is proud to present for sale International City Building I located at 150 NW 168th St North Miami Beach FL 33169, offering a generous approximate 26,000 square feet of rentable space, situated on a spacious 0.86 AC lot, providing ample parking, boasting a ratio of 3.3 per 1000 feet of rentable area.
International City Building I is strategically located near the Golden Glades Interchange; Florida’s most connected point in the state, connecting Florida’s Turnpike, Interstate 95, SR-441, SR-9, and the Palmetto Expressway (SR-826). Access to Interstate 95 and the Palmetto Expressway (826) makes commuting very easy for employees and clients.
This building has been exceptionally maintained throughout current ownership’s tenure, approximately $3,000,000 has been spent on recent improvements and in April ICB-I completed and passed its 40-Year recertification ensuring the building meets the highest standards of quality and safety.
The flexible floor plan of this property allows you to cater to various business needs, from medical facilities to professional office and services. The presence of two elevators and covered parking adds further convenience and accessibility. Being directly in front of Jackson North Medical Center makes it an attractive option for practices related to healthcare services.
This property maybe purchased simultaneously with International City Building II located 175 NW 167th St therefore providing an additional opportunity for future redevelopment in this active market, plus an additional source of income and direct vehicular access to NE 167th St, the major East/West thoroughfare.
International City Building I is strategically located near the Golden Glades Interchange; Florida’s most connected point in the state, connecting Florida’s Turnpike, Interstate 95, SR-441, SR-9, and the Palmetto Expressway (SR-826). Access to Interstate 95 and the Palmetto Expressway (826) makes commuting very easy for employees and clients.
This building has been exceptionally maintained throughout current ownership’s tenure, approximately $3,000,000 has been spent on recent improvements and in April ICB-I completed and passed its 40-Year recertification ensuring the building meets the highest standards of quality and safety.
The flexible floor plan of this property allows you to cater to various business needs, from medical facilities to professional office and services. The presence of two elevators and covered parking adds further convenience and accessibility. Being directly in front of Jackson North Medical Center makes it an attractive option for practices related to healthcare services.
This property maybe purchased simultaneously with International City Building II located 175 NW 167th St therefore providing an additional opportunity for future redevelopment in this active market, plus an additional source of income and direct vehicular access to NE 167th St, the major East/West thoroughfare.
Property Details
- Class
- B
- Year Built
- 1973
- Stories
- 3
- Property Subtype
- Medical
- Lot Size (sq. ft)
- 37,462 SF
Highlights
- Directly In Front Of Jackson North Medical Center
- Excellent Owner-User Opportunity for Medical or Other Services
- Significant Recent Capital Improvements in excess of $3M
- Prime Location, Strategically Located At The Golden Glades Interchange, Next TO I-95, Florida Turnpike, And Palmetto Expressway (SR-826)
Nearby Properties
Similar Properties
FAQ
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?
- Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].