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.
- 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