ICON Medical Luxury Condos For Sale & Lease
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This document summarizes an opportunity to purchase or lease medical office space in the ICON Medical Tower located in Aventura, Florida. The building offers over 120,000 square feet of private medical offices atop a parking structure with 540 spaces. It is located steps from Aventura Hospital and will seek LEED Gold certification. Individual medical suites range from 923 to 1,667 square feet and can be purchased starting at $550 per square foot or leased at $42 per square foot with long-term leases. Financing is available with a 35% down payment and 5.5% interest rate for a 30-year loan.
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ICON Medical Luxury Condos For Sale & Lease
- 1. 21291 NE 28th Avenue, Aventura, FL 33160 Presented By Marina Solo Commercial Division DECORUS Realty, LLC Direct E-‐mail msolo@marinasolo.com Direct Line +1.954.850.9455
- 3. THE BUILDING This articulation of unsurpassed elegance is blended with all the components necessary for a 21st Century Medical Building. The ICON Medical Tower is located just steps away from the Aventura Hospital campus and its newly accredited Trauma II facility. It is strategically positioned amongst the most diverse and densely populated city of Aventura, which is quickly developing into a source for highly respected and sought after medical professionals in all medical disciplines. The project is built with emphasis on the needs of the physician and the welfareof the patient. ICON Medical Tower offers over 120,000 square feet of private medical offices perched atop a parking pedestal with over 540 parking spaces. In addition, the building will have both first floor and mezzanine space totaling 13,000 squarefeettoaccommodateancillary medical usessuch as surgical rooms, a diagnostic imaging center, and laboratory and pharmacy areas. The developer has met its communityresponsibilitybycommitmenttohighlydemandingGold LEED Certification.
- 5. LOCATION Aventura is a thriving world renowned city located on the northern border of Miami Dade County and minutes away from Hollywood, Ft. Lauderdale and the rest of Broward County. Great entertainment is just minutes away from Aventura Mall, Gulsftream Park and the Turnberry Golf Club. The city will soon be home to Icon Medical Tower, located just steps away from Aventura hospital, in the heart of the Aventuramedicaldistrict.
- 7. AMENITIES Icon is an exclusive medical use tower All corridors have natural light and 6ft+ width, no interior corridors Lobbies and corridors generously sized to accommodate patient population and medical equipment Class A Plus lobby area, Concierge, Convenience store, waiting area Emergency stand-‐by power for essential building systems and medical equipment Mechanical chases adjoining each suite facilitating future installation of medical and building technologies Plumbing stacks adjoining each suite facilitating medical equipment and sanitary installations Provisions for med gas equipment and cylinders storage Remotely located mechanical plant and main electrical equipment to reduce ambient noise Suites from 923 square feet Up to 13,000 square feet of ground floor and mezzanine space accessible through the lobby, for all clients entering the property 7,000 square foot meditation terrace garden on 8th floor Custom design your own suite Garage parking with over 5 spaces per 1,000 square feet Reserved parking and valet parking available Covered pick-‐up/drop off area LEED Gold Certified
- 9. FLOOR PLANS Class A Plus lobby area, Concierge, Convenience store, waiting area Up to 13,000 square feet of ground floor and mezzanine space accessible through the lobby, for all clients entering the property.
- 10. All corridors have natural light and 6ft+ width, no interior corridors. Lobbies and corridors generously sized to accommodate patient population and medical equipment Remotely located mechanical plant and main electrical equipment to reduce ambient noise Emergency stand-‐by power for essential building systems and medical equipment Provisions for med gas equipment and cylinders storage
- 11. FLOORS FROM 3 -‐ 7 PARKING TOTAL 540 SPACES Garage parking with over 5 spaces per 1,000 square feet Reserved parking and valet parking available
- 12. 7,000 square foot meditation terrace garden on 8th floor
- 14. PRICES starting at $550.00 per SQ. FT. LEASE offered at $42.00 per SQ. FT.
- 16. WHY INVEST? With a great location, efficient approach to design and construction, this medical office building offers doctors and investors quality office space adjacent to Aventura Hospital and close to amazing restaurants and shopping. PHYSICIANS Eliminate the need to pay inflated rents and controls your own destiny. Build wealth and diversify your investment portfolio. All units are healthcare design compliant. All units are constructed with the latest energy-‐efficient building materials. INVESTORS Stable tenant options with large medical practices. Long term leases typically 5-‐10 years with option to renew. NNN leases -‐ Tenants responsible for property taxes, maintenance and insurance Annual rent increments with 3-‐5% increase per year. Refinancing options offered based on guaranteed long term lease.
- 17. FINANCING AVAILABLE $1,000,000.00 -‐ Purchase Price $600.00 per Sq. Ft. 1,667 Sq. Ft. Unit $350,000 -‐ Down payment 35% $650,000 -‐ Loan Amount 30 Years Amortization 5.5% Rate $44,288 Annual Payment (Principle & Interest) $70,014 Net Operating Income 7% Cap Rate $25,726 Cash After Debt Service 7.4% Cash on Cash $1,645,300 FUTURE VALUE (10% appreciation -‐ 5 years) $38,987 –Loan Reduction (see Amortization) $684,287 –Appreciation andLoan Reduction $128,630 –Total Rent Collected in 5 Years $812,917 – Year 5 Sale, Total Gain Received 232% -‐ 5 years Gain Received 46.40% IRR (Internal Rate Of Return) Minimum 5 Years NNN Lease