Property Description

🌟 Chase Bank Building – Suite 501, 502, & 503 🌟

Address: 150 SE 2nd Ave, Miami, FL 33131 Folios:

• Suite 501: 1,170 SF
• Suite 502: 762 SF
• Suite 503: 843 SF Total Rentable SF: 2,775 SF

Price: $1,110,000

🏢 Property Overview: Located in the prestigious Chase Bank Building in the heart of Miami, this unique opportunity offers a combination of office spaces to suit your business needs. With a total of 2,775 rentable square feet across three distinct suites, this property presents a compelling investment opportunity.

Suite 501 & 502:

• Leased until: July 14, 2024
• Current Rent: $64,296/year or $5,358/month (+ sales tax)
• Potential Rental Rate: Approximately $40/sf/yr
• Tenant History: These suites have been leased to the same tenant since 2016, with tenant-specific modifications.

Suite 503:

• Status: Vacant
• Recent Renovations: Completely open layout with new flooring and acoustic ceiling tiles.

Operating Expenses:

• Association Fee: Approximately $8.40/sf/yr, totaling $23,310/year or $1,942.50/month.
• Property Taxes (2022): $15,307.17

💼 Location Benefits:

• Prime downtown Miami location.
• Close proximity to major financial institutions and government offices.
• Easy access to public transportation and major highways.
• Surrounded by an array of dining and entertainment options.

📈 Investment Opportunity: This property not only offers an immediate rental income stream from Suites 501/502 but also the potential for increased returns with the leasing of Suite 503 at market rates. With the recent renovations in Suite 503, it’s ready for customization to meet the specific needs of your business.

Don’t miss this chance to own a piece of Miami’s thriving commercial real estate market. Contact RISE Realty today to schedule a viewing or for more information!

Note: All figures and information provided are approximate and should be verified independently.