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4000 Collins AveMiami Beach, FL 33140
Continental Parking Garage
Asset ClassSpecial Purpose
Parking Spaces72 Spaces
Square Feet: 34,310Year Built: 2021Access Data Room
Iconic 4-Story Parking Garage At Strategic Gateway To Mid-Beach
overview of deal

Overview

Cushman & Wakefield of Florida, LLC, acting as exclusive advisor, is pleased to offer for sale The Continental Parking Garage (the “Property” or “CPG”), a highly-secure, elevator-served parking garage at 4000 Collins Avenue in Miami’s trendy Mid-Beach neighborhood. The Property is ideally located at the southwest corner of world-famous Collins Avenue and NW 41st Street, the main commercial corridor connecting the Julia Tuttle Causeway (I-195) to the beach, and is within steps from the Atlantic Ocean and some of Miami Beach’s hottest hotel destinations including the Fontainebleau, SoHo House and Faena to name a few.

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Investment Highlights

  • Iconic, high curb appeal garage asset above CVS at strategic intersection of Collins Avenue (VPD: 12,762) and NW 41st Street (VPD: 38,564)
  • Trendy Mid-Beach location one block from the Atlantic Ocean and near world famous hotels including The Fontainebleau, SoHo House, Faena Arts District, Eden Rock, Edition and Andraz
  • 72 parking stalls with capacity for 112 valet parked vehicles
  • Accessed by two elevators making it highly secure and safe from flooding
  • In place revenues from existing license agreements with hotel and CVS, with potential additional revenues from overflow parking
  • Walk score – 92 (Walker’s Paradise)
  • Favorable existing and growing demand drivers coupled with historically tight occupancy position CPG for future success
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4000 Collins AveMiami Beach, FL 33140

Exclusive Contacts

Scott O'DonnellExecutive Managing Director(561) 542-5955scott.odonnell@cushwake.com
Jason HochmanExecutive Director, Equity, Debt & Structured Finance(305) 533-2876jason.hochman@cushwake.com

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