Opportunity to acquire 900 Biscayne Bay Retail, a 7,146 SF retail-condominium at the base of the 63-story, 516-unit 900 Biscayne Bay residential condominium tower in the heart of Downtown Miami. Situated at the intersection of Biscayne Boulevard and 9th Street, 900 Biscayne Retail benefits from an irreplaceable location at the epicenter of Downtown Miami and its immediate proximity to outstanding demand drivers, including the $4 billion Miami Worldcenter mixed-use development, Virgin Miami Central/ Brightline, Port Miami, American Airlines Arena, Bayside Marketplace, Adrienne Arsht Center, Pérez Art Museum, Phillip and Patricia Frost Museum of Science, Miami-Dade College, Watson Island and nearly 4,000 recently constructed/to be delivered residential units. This offering represents a truly rare opportunity to acquire a value-add retail opportunity with a prime location within one of the nation's most dynamic urban cores.
- Irreplaceable Biscayne Boulevard location with excellent frontage and visibility.
- Truly rare value-add retail investment offering in the heart of Miami’s thriving urban core.
- Secure revenue stream with weighted average lease-term remaining of 5+ years with highly successful operators with lease guarantees.
- At 77% occupancy, 900 Biscayne Retail offers potential investors significant value enhancement potential through increasing revenue by nearly 33% via lease-up of available space.
- Attractive stabilized returns.
- Opportunity to leverage off of the adjacent transformative Miami Worldcenter project which will add a large concentration of national retailers to the submarket and generate traffic from both tourists and from residents throughout South Florida.
- Ideal 1031 exchange property to provide secure passive income and minimal management responsibilities.