
1601 Washington
1601 Washington Ave, Miami Beach, FL, 33139-3164, US
138,092 sf
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to exclusively offer the opportunity to acquire the MiaMed Building, a premier medical outpatient building totaling 87,527 rentable square feet in Miami, Florida (the “Property”). The Property boasts 100% occupancy with a weighted average lease term (WALT) of 3.1 years, providing stable cash flow from a strong and diverse medical tenant base. Built in 1986 and enhanced with recent capital improvements, the asset offers significant value-add potential with an estimated 34.3% mark-to-market opportunity. Strategically positioned just south of Waterford at Blue Lagoon, the MiaMed Building benefits from nearby development of medical outpatient facilities and close proximity to strong demographics, serving the robust demand from South Florida’s expanding healthcare market.
This combination of full occupancy, quality medical tenancy, substantial mark-to-market upside, and strategic Miami location positions the MiaMed Building as an exceptional investment opportunity in one of the nation’s most dynamic healthcare markets. The acquisition offers investors immediate stable cash flow with meaningful value creation potential through capturing mark-to-market opportunities, office space to medical conversion, and additional signage income.