List Search

14 NE 1st Ave
Miami, FL 33132

$495,000 - $10,500,000 USD

Loft Creative Space Condos For Sale  •  1,100+ SF

Property Details

  • Property Type Loft Creative Space
  • Total Building Size 150,000 SF
  • Lot Size 4.59 AC
  • Building Class B
  • Year Built 1952
  • Cap Rate 5.21 %
  • Tenancy Multiple
  • Zoning T6-80-O, 6401
100 Transit Score
99 Walk Score

4 Units Available

Name Condo Use Size Price Details
1st Floor - Unit 1st+2nd Fl Retail 21,523 SF $10,500,000 USD
  • Unit Size: 21,523 SF
  • Condo Use: Retail
  • Price: $10,500,000 USD
  • Sale Type: Investment
  • Price/SF: $487.85 USD
Description
FA Commercial is pleased to exclusively present luxury Retails & Office units available for sale. Located in a historical masterpiece building recently renovated, the building hosts cutting-edge technology in its amenities and design while maintaining the iconic character that has set apart the building since its construction Amid the excitement and energy of Miami’s Central Business District, One Flagler stands as a masterpiece of mid-century modern design.

Sale Notes
Tenants: 7 tenants (6 ground retail & 1 second floor) fully leased
Floors: 2 ( Ground floor & 2nd Floor)
Premium downtown location
Close to premium restaurants and leisure spots of Downtown and Brickell Area
Tenants: First American Bank, City of Miami, Metro by T-Mobile.
Possible to purchase together or separate

2nd Floor - Unit Entire Fl Office 11,390 SF $2,891,424 USD
  • Unit Size: 11,390 SF
  • Condo Use: Office
  • Price: $2,891,424 USD
  • Sale Type: Investment
  • Price/SF: $253.86 USD
Description
FA Commercial is pleased to exclusively present this 11,390 SF 2nd floor office as a investment. The deal has a lot of upside, with the potential to increase future rents, making it a true value add play. Surrounded by the major developments in the area such as Miami World Center, Waldorf Astoria, and the Aston Martin Residences.

Sale Notes
Tenant: City of Miami Government Lease
Fully leased
Premium downtown location
Close to premium restaurants and leisure spots of Downtown and Brickell Area

1st Floor - Unit Entire Fl Retail 10,133 SF $8,000,000 USD
  • Unit Size: 10,133 SF
  • Condo Use: Retail
  • Price: $8,000,000 USD
  • Sale Type: Investment
  • Price/SF: $789.50 USD
Description
FA Commercial is pleased to exclusively present the ground floor retail as a NNN investment. The sale includes 6 ground floor retail tenants such as First American Bank & Metro by T-Mobile. The deal has a lot of upside, with the potential to increase future rents and convert gross leases to NNN, making it a true value add play. Surrounded by the major developments in the area such as Miami World Center, Waldorf Astoria, and the Aston Martin Residences.

Sale Notes
Tenants: 6 tenants - 100% leased
Premium downtown location
Close to premium restaurants and leisure spots of Downtown and Brickell Area
Tenants: First American Bank, City of Miami, Metro by T-Mobile.

12nd Floor - Unit 1209 Office 1,100 SF $495,000 USD
  • Unit Size: 1,100 SF
  • Condo Use: Office
  • Price: $495,000 USD
  • Sale Type: Investment
  • Price/SF: $450.00 USD
Description
One Flagler is the Iconic & recently restored Morris Lapidus designed Miami Modern office tower in the heart of the resurgent downtown Miami. Unit 1401, or lower penthouse, is fully built out with 3 offices & walls of glass . Exposed concrete ceilings & A/C ducts contribute to the creative office-loft experience. This boutique building offers attended lobby, business center, conference rooms, valet parking & is steps to Metro Mover, Metrorail, Brightline  & the Dade County Courthouse.

Sale Notes
Matterport Link: https://my.matterport.com/show/?m=xX9q7eik8Kn

Description

Luxury Office space located in a historical masterpiece building!
Amid the excitement and energy of Miami’s Central Business District, One Flagler stands as a masterpiece of mid-century modern design. Ahead of its time, One Flagler featured Miami’s first curtain wall construction.

Highlights

Iconic mid-century design
Premium downtown location
New, modern, attended lobby, Conference rooms Lounge and juice bar
Modernized elevators
State-of-the-art connectivity 24-hr security
Valet parking

Property Flyers

Financial Summary

Cap Rate: 5.21 %
Total Expenses: $0 USD

Major Tenants

Tenant SF Occupied Lease End Date
Benchmark Realty 3,000 SF
Ideal Personnel Services 4,000 SF
Immigrate USA 3,518 SF 10/31/2019
Klouros Armandeh 3,000 SF
Wadsworth Huott LLP 3,000 SF

Amenities

  • 24 Hour Access
  • Banking
  • Bus Line
  • Controlled Access
  • Commuter Rail
  • Conferencing Facility
  • Property Manager on Site
  • High Ceilings
  • Reception
  • Hardwood Floors
  • Air Conditioning

Public Transportation

Commuter RailDriveWalkDistance
Government Center (Metromover Brickell Loop - Miami-Dade Transit (Metrorail/Metromover), Metromover Downtown Loop - Miami-Dade Transit (Metrorail/Metromover), Metromover Omni Loop - Miami-Dade Transit (Metrorail/Metromover), Metrorail Green Line - Miami-Dade Transit (Metrorail/Metromover)) 1 min 6 min 0.3 mi
Historic Overtown/Lyric Theatre (Metrorail Green Line - Miami-Dade Transit (Metrorail/Metromover)) 2 min 13 min 0.7 mi
Transit/SubwayDriveWalkDistance
Miami Avenue (Metromover Downtown Loop - Miami-Dade Transit (Metrorail/Metromover)) 0 min 3 min 0.2 mi
First Street (Metromover Brickell Loop - Miami-Dade Transit (Metrorail/Metromover), Metromover Downtown Loop - Miami-Dade Transit (Metrorail/Metromover), Metromover Omni Loop - Miami-Dade Transit (Metrorail/Metromover)) 0 min 4 min 0.2 mi
Knight Center (Metromover Brickell Loop - Miami-Dade Transit (Metrorail/Metromover), Metromover Downtown Loop - Miami-Dade Transit (Metrorail/Metromover), Metromover Omni Loop - Miami-Dade Transit (Metrorail/Metromover)) 1 min 4 min 0.2 mi
Third Street (Metromover Brickell Loop - Miami-Dade Transit (Metrorail/Metromover), Metromover Omni Loop - Miami-Dade Transit (Metrorail/Metromover)) 1 min 5 min 0.3 mi
Riverwalk (Metromover Brickell Loop - Miami-Dade Transit (Metrorail/Metromover)) 1 min 5 min 0.3 mi
AirportDriveWalkDistance
Miami International 22 min - 11.7 mi
Fort Lauderdale/Hollywood International 33 min - 23.4 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 17
Type: Surface
Included in Rent: Yes
Fabio Faerman 786-262-9966 FA Commercial
Fabio Faerman 786-262-9966 FA Commercial