Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
NIY N/A
Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
NIY N/A

Documents

Enter the "Deal room" for exclusive documents related to this property.

The Deal Room features confidential documents related to this property. To access the Deal Room, you will need to be logged in. If you don't have an account, please create one. More questions? Visit our FAQ.
I accept the confidentiality agreement
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. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. 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.
I accept the confidentiality agreement I accept the confidentiality agreement
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

Year Built 2001
Building Area Net
Land Area Net ()
Occupancy 82.0 %

Asset Description

Jones Lang Lasalle Americas, Inc. ("JLL") is pleased to present the generational opportunity to acquire 555 Washington (the “Property,”) a 65,746 square foot, boutique, mixed-use asset whose irreplaceable location has cemented it as one of South Beach’s most recognizable Properties. Built in 2001 and renovated in 2015, the Property is currently 82% leased to 11 industry leading tenants with a 7.9 year weighted average lease term. The Property offers a diverse income stream that includes national and boutique office tenancy, credit-rated retail tenancy, and an in-place parking lease with significant upside potential. As one of three buildings accessible to users on foot from the South of Fifth neighborhood, 555 Washington is uniquely positioned to capitalize on the positive momentum of the Miami Beach office market.

Investment Highlights

  • Class A, Institutional-Quality, Asset
  • Office Space Has 6.6 Year WALT with Less Than 4% Rollover Before 2024
  • In-Place Office Rents Are 20% Below Market
  • Credit Retail Tenancy with Potential for Considerable Growth Through Lease-Up
  • Market Leading 3.8/1,000 Parking & with Significant Revenue Upside
  • Unparalleled Location on Miami Beach
  • Revitalization of Washington Avenue Driven by Goodtime Hotel
  • High Barriers to Entry
Last Updated Date: 30 Sep 2021

There was an error submitting your request. Please try again, or submit you inquiry here.

 

PRIVACY NOTICE

Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally the personal information we collect from you are for the purposes of dealing with your enquiry.

We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.

Last Updated Date: 30 Sep 2021

Do you have any questions?  Visit our FAQ page

JLL  financing

JLL can help you finance and manage your portfolio.
Email us today to see how we can help achieve your ambitions.