This offering is an office condo investment portfolio of 18 fully leased units at Tamiami Commerce Center in the rapidly growing West Kendall neighborhood of Miami Dade county. This commercial condominium building sits minutes from the SW 120th St Turnpike Interchange and Miami Executive Airport. The complex has plenty of parking spaces and it fronts 4 lane SW 128th St which now connects to the 874 expressway. The building is newly painted and the parking lot has just been resealed. The office units range in size from 619 sq ft to 1,510 sq ft. The total square footage of the office units is 24,562 sq ft. The owner controls the association which is well managed and has substantial reserves. All units are up to date on their rent. $438,429 NOI. 6.26% Cap rate at asking price.
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