Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Building Area

Property Description

Jones Lang LaSalle (“JLL”) is pleased to exclusively offer the opportunity to acquire 1688 Meridian (the “Offering” or the “Property”), a boutique Class A, 88,419 SF creative office tower and two land parcels of 0.2 acres and 0.4 acres, in the heart of Miami Beach, Florida. 


Prominently located steps away from Lincoln Road, the Property stands out as a rare value-add investment opportunity with significant leasing and development upside. Rarely do offerings with this potential become available, especially in a market such as Miami Beach, where real estate rarely changes hands and is often passed down from one generation to the next.

Investment Highlights

  • Exceptional Creative Office Value-Add Opportunity
  • Located in The Hottest City in the World!
  • Weighted Average Lease Term of 6.0 Years
  • Recent Renovations Drive Leasing Momentum
  • Landmark Corner Property – Excellent Visibility, Access, and Parking
  • Supply Constrained, Ultra High Barrier to Entry Market
  • Walking Distance to The Culinary Epicenter of Miami
  • Potential for Office Condo Exit
Last Updated Date: 13 Apr 2021
Ike Ojala
Ike Ojala
Managing Director, Capital Markets
License details
FL-BK665573
Hermen Rodriguez
Hermen Rodriguez
Senior Managing Director, Capital Markets
License details
FL-SL3018820

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Last Updated Date: 13 Apr 2021

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