87% Occupied Kendall Office at 6.2 Cap — NNN Leases Through 2027
7800 SW 87th Ave #400, Miami, FL 33173
$3,800,000Office18,500 sqft6.2% cap
Description
Class B office building totaling 18,500 SF with 16,200 SF of leasable space across two floors. Current NOI of $235,600 with 87% occupancy. Four anchor tenants on NNN leases through 2027. Recent capital improvements include roof replacement (2022), HVAC upgrades (2023), and lobby refresh. 92 surface parking spaces. Zoned BU-1A. Strong Kendall corridor fundamentals with limited new office supply in the submarket.
Highlights
- 6.2% cap rate | 87% occupied | NNN leases to 2027 | Roof + HVAC updated 2022-23 | 92 parking spaces | Strong Kendall submarket
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