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NOVA University NMB Campus Redevelopment Opportunity

Summary
  • Listing Price: $32,000,000
  • CAP Rate Current: 11.80% (Pro-Forma)
  • Lot Size: 8.28 Acres
  • Approx Year Built: Main Building (1961) Buildings 2 & 3 (1982)
  • Price Per Sq Ft: $88.69 (Land)
Investment Highlights
  • Opportunity for New Development or to Renovate Existing 245,389 Sq. Ft.
  • Over 1,000 Residential Units can be Built on the Site (With City Approvals)
  • 3 Buildings, 1 Parking Structure, 2 Parking Lots and a Vacant Lot Totaling 360,804 SF (8.28 Acres) of Land
  • Located Within The Densely Populated North Miami Beach Sub-Market
  • Potential Re-Zone of the Site as the City Recently Upgraded the Building Codes in NMB
  • Charter School/Office/Medical/Technology Campus Opportunity
  • Centrally Located in the Heart of North Miami Beach