- For sale
Colliers is pleased to present the opportunity to acquire 1390 on the River, a boutique office building located at 1390 NW 14th Avenue, Miami, FL. The property offers outstanding upside potential and is located in the second largest medical district in the United States. The property was renovated and fully leased up in 2017. Ninety percent of the leases expire in the third quarter of 2023, which allows a potential purchaser to raise rents to market rate or an owner/user to occupy the space.
The property is strategically positioned at the intersection of NW 14th Avenue and NW 13th Terrace just north of the Dolphin Expressway, which will provide access to I-95 and the area’s most prominent amenities. The property is one block north of River Landing, a luxurious mixed-use project comprised of $2 million square feet of retail and multifamily.
The Health District consists of many medical clinics and research facilities and is the hub for Miami’s medical research. The location offers access to major highways and is near Wynwood, Downtown Miami, Brickell, Edgewater, South Beach as well as the LoanDepot Park and Miami International Airport.