Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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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 1957
Building Area Net
Land Area Net ()
Occupancy 95.0 %

Property description

OFFERS DUE WEDNESDAY, MARCH 3, 2022



Jones Lang Lasalle (“JLL”) is pleased to exclusively offer the opportunity to acquire 1680 Meridian (the “Offering”, “Property”, or “Building”), a newly renovated 54,903 square foot Class A office building located on Meridian Avenue in the heart of Miami Beach, just steps from the renounced Lincoln Road Mall. The property is currently 94.6% leased to a diverse roster of tenants with 5.4 years of weighted average remaining lease term (WALT). Turn-key investment with over $1.6MM of capital improvements completed by current ownership since 2016. Currently, the Property has only one 2,944 SF vacancy on the top floor. The Property’s iconic design features modern murals on each floor, created by some of Miami’s most famous artists including Mister E, Alec Monopoly & Zio Ziegler. The Property offers tenants a rapidly growing nearby amenity base, including unparalleled access to the iconic Lincoln Road Mall.  

Investment highlights

  • RECENTLY RENOVATED CREATIVE OFFICE ASSET
  • FUTURE INCOME GROWTH AND SIGNIFICANT MARK-TO-MARKET OPPORTUNITY
  • QUALITY, LONG TERM TENANCY
  • SUPERIOR OFFICE MARKET FUNDAMENTALS WITH STRONG RENT GROWTH
  • ICONIC LOCATION, AMENITY BASE, AND AFFLUENT NEARBY DEMOGRAPHICS
  • POTENTIAL OFFICE CONDO EXIT
Last Updated Date: 14 Feb 2022

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Last Updated Date: 14 Feb 2022

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