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| Price $2,000,000 | Built/Renov 1980 | Tenant Keller Williams |
| Cap Rate 9.55% | Lease Type
Double NN | Guarantor Corporate |
| Size/SF
8,923
| Lease Start
11-01-2017
| #Units
1,100
|
| Price/SF $224.14 | Expiration
10-31-2025
| Tenant Type Office/Corp |
| NOI $191,076 | R. Term 0.11 | Ownership Fee Simple |
| Rent/SF
$21.41
| Increases 3.0%/1/yrs | Pop 5Mi 157,093 |
| Lot/AC 1.86 | Options 1/8yrs/3% | AHHI 5Mi $83,826 |
| | |
Keller Williams is strategically located on Utica Ridge Rd, with access to 24,000 vehicles passing by daily. The property is conveniently situated close to I-74 (34,000 VPD) and is surrounded by well-known national tenants, including Lowe's, Petco, Sam's Club, DSW, and more. The 5-mile trade area is supported by a population of 157,093 residents with an average household income of $83,826....
...New roof
Near major nationals
Strategically located
Freeway close
Strong tenant synergy
Dense 100M+ pop 5 mi
Strong demographics
Major MSA
Annual rent increases
Top franchise operator
Keller Williams Realty (commonly referred to as Keller Williams) is an American technology and international real estate franchise. It is the largest real estate franchise in the United States by...
| 1 Miles | 3 Miles | 5 Miles | |
| 2029 Total Population : | 10,162 | 65,081 | 154,985 |
| 2024 Total Population : | 10,193 | 64,883 | 155,555 |
| 2024 Employed Civilian Pop : | 5,404 | 34,307 | 79,082 |
| 2024 Total Businesses : | 510 | 3,008 | 6,610 |
| 2024 Average Household Income : | $ 109,515 | $ 107,319 | $ 90,388 |
| 2024 Total Consumer Spending : | $ 393 M | $ 2595 M | $ 5175 M |
| 2024 Median Age : | 40 | 40 | 38 |
| 2024 Total Households : | 4,126 | 27,681 | 64,979 |
| 2024 Pop Age 25+: Bachelor's Degree : | 2,198 | 13,079 | 24,428 |
| 2024 Average Home Value : | $ 259,378 | $ 308,302 | $ 251,709 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Utica Ridge Rd | Golden Valley Dr | 2010 | 16,900 | 0.14 mi |
| Tanglefoot Lane | Golden Valley Dr | 2022 | 1,400 | 0.16 mi |
| Utica Ridge Rd | 40th Ave | 2010 | 13,500 | 0.18 mi |
| Spruce Hills Drive | Elmore Ave | 2022 | 14,100 | 0.24 mi |
| I- 74 | 2022 | 35,000 | 0.24 mi | |
| I- 74 | 2022 | 1,430 | 0.25 mi | |
| Spruce Hills Dr | Magnolia Dr | 2006 | 14,100 | 0.27 mi |
| Spruce Hills Drive | Woodland Ln | 2022 | 13,200 | 0.28 mi |
| 2022 | 2,050 | 0.30 mi | ||
| I- 74 | 2022 | 3,900 | 0.32 mi |
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
