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Telemundo Center

Off-Market

2350 NW 117th Place, Miami, FL 33182

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  • Property Type Office - General Office
  • Property Size 450,000 Sqft
  • Lot Size 21.36 Acre
  • Parking Spaces Avail. 1071
  • Parking Ratio 2.38/ 1,000 SF
  • Property Tenancy Single Tenant
  • Building Class A
  • Year Built 2018

Location

  • City Miami, FL
  • Neighborhood Everglades National Park
  • Zip Code 33182
  • Market Miami

Contacts

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Owner

  • True Owner
  • Registered Owner

Tenants

Suite Name Tenant Leased
Space
Rent Price Lease
Type
Space
Type
Lease Term
370 17th Street #5500 MERRILL, (303) 446-5500 23,824 SF $23/SF/YR Modified
Gross
General
Office
11/01/2014-
N/A
370 17th Street
#6000
Morrison & Foerster,
(303) 592-1500
10,710 SF $26/SF/YR Full
Service
General
Office
08/01/2013-
07/31/2023
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Documents

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Sales

  • Purchase Date 14 Dec, 2018
  • Purchase Price $239,122,300
  • Arm's Length
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • Loan Origination Date

Market Trends

Average Actual Rents in Miami

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Miami Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2020 Avg. Asking Rent $43.35
  • 2020 Office Vacancy Rate 14.37 %
  • 2020 Office Completions (Sqft) 620,393

Miami Office Sales Trends

All sale prices are based on publicly recorded, verified sales.

  • 2020 Avg. Price per Sqft $217.40
  • Y-o-Y Avg. PpSF Change -35.21 %
  • 2020 Office Sales Volume $271.9M
  • 2020 Number of Transactions 11
View more Miami market trends

Tax

  • Property Tax in 2020 $922,787
  • Market Value $52,261,506
  • Assessed Value $52,261,506

Find more tax info, including assessment history and abatements, on CommercialEdge

Frequently Asked Questions

What is the total square footage of Telemundo Center?

Telemundo Center totals 450,000 square feet.

When was this property built?

Telemundo Center was built in 2018.

When was Telemundo Center last sold?

Telemundo Center was last sold on 14 Dec, 2018.

What was the last purchase price for Telemundo Center?

Telemundo Center was last sold for $239,122,300.

What is the property tax for Telemundo Center?

The property tax for Telemundo Center in 2020 was $922,787.

What is the market value for Telemundo Center?

The market value for Telemundo Center in 2020 was $52,261,506.

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