investment opportunity - loopnet · 2017. 4. 25. · single-credit-tenant opportunity avison young...
TRANSCRIPT
Single-Credit-Tenant Opportunity
Avison Young is pleased to exclusively offer for sale 19500 South Dixie Highway, an office building
totaling 109,100 sf in Cutler Bay, FL. The property sits on 10.13 acres at the intersection of South Dixie
Highway / US-1 and SW 195th Street. The property has an existing call center generating significant
income and works as a long-term income play as well as covered land with redevelopment upside.
Asking price is $24,500,000
Partnership. Performance.
INVESTMENT OPPORTUNITY
19500 |
Michael T. Fay, Principal, Managing Director-Miami 305.447.7842 [email protected]
John K. Crotty, CCIM, Principal 305.447.7865 [email protected]
South Dixie HighwayCutler Bay, FL
Xavier Cossard, Senior Vice President 305.447.7863 [email protected]
109,100-sf office building
10.13-ac develpment site
Zone TRC in Miami-Dade County
Parking is 480 free surface spaces
Traffic count is 70,000 cars per day with solid demographic profile
Lease term is April 2003 through March 2023 on a true net lease
Asking price: $24,500,000
INVESTMENT HIGHLIGHTS PROPERTY STATSAddress 19500 South Dixie Highway, Cutler Bay, FL 33157
Parcel ID 36-6005-075-0010
Building Area 109,100 sf
Lot Size 10.13 ac
Year Built 1993
Zoning TRC
19500 | South Dixie HighwayCutler Bay, FL
C L I C K T H E L I N K :
Caribbean Boulevard
Quail Roost Drive
Marlin Road
19500 | South Dixie HighwayCutler Bay, FL
Type: PrivateCredit Rating (Moody’s): B1Sector / Industry: Customer Management
No. of Employees: 92,000
Alorica Inc. provides customer management solutions for business-to-consumer and business-to-business (B2B) sectors in the United States and internationally. It offers customer experience management solutions, such as customer care, revenue generation, technical support, direct response, and receivables management; supply chain management solutions, which include back office, fulfillment, and reverse logistics solutions; and B2B inbound and outbound sales solutions, including appointment setting and lead generation, customer acquisition, and account development.
The company also provides hosted solutions, including customer relationship management (CRM) and hosted contact center solutions; and social CRM solutions, such as monitoring, engaging, and improving social media experiences. It serves Fortune 1000 companies operating in automotive, consumer products and retail, energy and utilities, financial services, health care, media and entertainment, technology, telecommunications, and travel and tourism industries. Alorica Inc. was formerly known as Advanced Contact Solutions, Inc. The company was founded in 1999 and is headquartered in Irvine, California with locations in North America, Central and South America, and Asia.
T E N A N T OV E R V I E W
* Representative exterior and interior photos.
POPULATION 1 MILE 3 MILE 5 MILE
2021 Projection 18,244 156,329 271,620
2016 Estimate 17,238 148,581 258,185
2010 Census 15,439 132,964 234,059
Growth 2016-2021 1,006 (1.2%) 7,748 (1.0%) 13,435 (1.0%)
Growth 2010-2016 1,799 (1.9%) 15,617 (2.0%) 24,126 (1.7%)
HOUSEHOLD INCOME
2016 Average Household Income $48,889 $67,088 $79,7838
2016 Median Household Income $43,049 $56,245 $65,439
The subject property is located directly to the South of
the premier hard corner in this market of Marlin Road
and US-1. On average, 70,000 cars per day pass that
intersection. The center offers great visibility and easy
access through the Florida Turnpike and US-1.
AREA OVERVIEW & DEMOGRAPHICS
19500 | South Dixie HighwayCutler Bay, FL
THE INFORMATION CONTAINED HEREIN WAS OBTAINED FROM SOURCES BELIEVED RELIABLE; HOWEVER, AVISON YOUNG MAKES NO GUARANTEES, WARRANTIES OR REPRESENTATIONS AS TO THE COMPLETENESS OR ACCURACY THEREOF.
THE PRESENTATION OF THIS PROPERTY IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, OR CONDITIONS, PRIOR TO SALE OR LEASE, OR WITHDRAWAL WITHOUT NOTICE.
Michael T. Fay, Principal, Managing Director-Miami 305.447.7842 [email protected]
John K. Crotty, CCIM, Principal 305.447.7865 [email protected]
Xavier Cossard, Senior Vice President 305.447.7863 [email protected]
Marlin Road
40,4
48 A
DT
21,863 ADT