Cushman & Wakefield of Florida, LLC, acting as exclusive advisor, is excited to present the Midtown Doral Commercial Value-Add Portfolio (the “Property” or “Portfolio”), the entire retail ground floor beneath the Midtown Doral I and II mixed-use towers located at 7671 and 7761 NW 107th Avenue in the dynamic City of Doral in Miami-Dade County.
Developed between 2017-18 as part of a major mixed-use phased development with plans for over 1,500 units, the Property comprises 33,856 square feet of ground floor retail that is situated beneath two towers with a combined 251 residential condo units and beside a structured parking garage.
The retail features prime frontage along NW 107th Avenue (31,000 VPD), and wraps around an inviting, landscaped courtyard with flowing fountains and room for outdoor seating at the southeast corner of NW 107th Ave and NW 78th Street.
The Portfolio is currently 71% leased to a diverse mixture of restaurant, daycare, health spa and fitness tenants that are patronized by the captive residents above and in the surrounding residential communities.
The Offering represents a rare opportunity to acquire the entire ground floor retail in a major mixed-use project in Doral, and to add significant value through the lease up of five vacant units totaling 9,677 SF.