17550 COLLINS AVENUE

17550 COLLINS AVENUE

MIAMI, FL 33160

Status:
Available
Price:
$8,200,000
Net Rentable (SF):
5,514
Units:
2
Year Built:
2023

OFFERING MEMORANDUM:

INVESTMENT OVERVIEW

The Porosoff Group of Compass Commercial is proud to present the commercial condo units of The Aurora Condominium located in Sunny Isles Beach, Florida. The commercial space, currently nearing the completion of construction towards the end of 2023 is separated into two spaces at the moment, one 1,142 square foot bay and a 4,372 square foot bay for a total of 5,514 square feet of ground floor commercial space fronting the heavily traveled Collins Avenue.
The Aurora Commercial Condos will provide Class A Office/Retail/Commercial space to a high barrier to entry market with limited supply. With excellent visibility on Collins Avenue with over 118,000 vehicles per day and high foot traffic, this will be a desirable location for a variety of businesses. The commercial spaces will have their own covered parking with 31 spaces in total. According to a declaration of covenant for the Condominium project, restaurant and retail uses would be prohibited within the project in perpetuity except if such uses are approved by the City Commission at a public hearing.
Aurora is a brand new 17-story, 61 unit condo designed by world-renowned architect Luis Revuelta. The façade resembles smoothly curved lines of the Northern Lights, stretching along the sky. The building is ideally located between the inland coast and the white beach of Sunny Isles. Aurora will offer world class amenities including an 82 ft length swimming pool above the commercial space, a professional fitness center, a yoga studio, spa center with hammam, open air theatre, and barbeque area. Aurora is located walking distance from the beach and numerous shopping areas and grocery stores.
Sunny Isles Beach is a city located on a barrier island in northeast Miami-Dade County, Florida. The city is bounded by the Atlantic Ocean on the east and the Intracoastal Waterway on the west. As of the 2020 census, it had a population of 22,342. Sunny Isles is an area of cultural diversity with stores lining Collins Avenue, the main throughfare through the city. Is it renowned for having the 14th tallest skyline in the United States despite a low population. It is a growing resort area with one of the higher household values of Miami-Dade County. Sunny Isles Beach has a central location, minutes from Bal Harbour to the south and Aventura to the north and west.

INVESTMENT HIGHLIGHTS

  • 5,514 Square Feet of Class A Commercial Space With 31 Deeded Parking Spaces
  • Units Could Be Sub-Divided Into 5 Bays
  • Frontage Along Collins Avenue In Sunny Isles Beach – 118,000 Vehicles Per Day
  • Ground Floor Of Brand New Luxury Condo
  • High Barrier To Entry Market With Limited Class A Commercial Spaces
  • Excellent Demographics – Over $500,000 Median Home Value Within One-Mile

EXCLUSIVELY LISTED BY

ARTHUR D. POROSOFF

CRE Advisor Multifamily Hospitality Development
NMHC PAC Contributor
Tel: (305) 733-6066
art@porosoff.com
License: FL SL3160379

LOGAN RICE

CRE Advisor
Tel: (727) 403-0321
logan@porosoff.com
License: FL SL3591018

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