119 Washington ave, South Beach
South of Fifth office building hits the market for $45 million!
Property records show Yantra 119 LLC, led by Giulio Rangoni and Cinzia Zanella, own the six-story, 43,140-square-foot building at 119 Washington Avenue.
The building is 94 percent leased to office and retail tenants, including One Sotheby’s International Realty. It has about 30,000 square feet of Class A office space, 12,600 square feet of retail space, 106 parking spaces on the garage levels, and 20,000 square feet of terrace space.
The property is near popular neighborhood restaurants such as Joe’s Stone Crab and Prime 112, One Ocean condo is right next door.
The office space is asking $78 per square foot to rent, which is one of the highest per-square-foot rates in the Southeast. That price does not include parking and terrace costs.
There is also an opportunity to turn the rooftop terrace into a restaurant or bar.
If you are interested in this deal or similiar opportunities please call Andrey now at 786-942-0502!