The subject building was delivered and completed during 2007 and is prominently located at the intersection of two major arteries of distribution: 22nd Avenue and Flagler Street. In addition the site sits on the confluence of Glen Royal Blvd. and Beacon Blvd.; in essence making Altos de Miami the anchor point for a very prominent five corner intersection.
The project is targeted to the working class and is within a two mile radius from Miami International Airport, University of Miami’s Jackson Memorial Health Center, Civic Center, Miami Dade College, Miami Central Business District, Brickell Financial District, Downtown and Coral Gables.
The building and its retail component may be considered a “Category A” stereotype within its market and asset class. Albeit incorporating certain features and benefits of higher‐end luxury properties, the project has maximized land usage and FAR occupational factor while pleasantly embossing Miami’s new paradigm of an urban living concept. The property further bolsters this concept by attracting a pedestrian friendly environment with its street retail space. The Retail space located at ground floor level has extensive visibility and access from street level, particularly from 22nd Avenue.
The area of the total retail consists of 9,529 rentable square feet height varies from 8’ next to the back of house up to 15’ feet for the area facing the exterior. Retail is accessed both from the street and the drop‐off area of the building and has an internal corridor with access to two bathrooms available for retail users. Currently the north end of the space of 4,994 square feet is rented to “I am… Crossfit”, a premium crossfit gymnasium with various locations in Miami, Brickell Area, Coral Gables and Doral.
The offered property consists of 4,535 rentable square feet with 16 assigned parking spaces in the building.
The second level has an office layout, with about 3,239 leasable square feet. Currently set up with partitions, kitchen appliances, suspended ceiling, and A/C units as shown in the floor plan. Offices have direct access to the 2nd floor parking area and it is served by an elevator designated for primary use of the commercial components of the pedestal levels (2nd to 6th). This area has a total of 7 parking units allocated to its use.