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Property Description
Jones Lang LaSalle (“JLL”) is pleased to exclusively offer the opportunity to acquire 1688 Meridian (the “Offering” or the “Property”), a boutique Class A, 88,419 SF creative office tower and two land parcels of 0.2 acres and 0.4 acres, in the heart of Miami Beach, Florida.
Prominently located steps away from Lincoln Road, the Property stands out as a rare value-add investment opportunity with significant leasing and development upside. Rarely do offerings with this potential become available, especially in a market such as Miami Beach, where real estate rarely changes hands and is often passed down from one generation to the next.
Investment Highlights
- Exceptional Creative Office Value-Add Opportunity
- Located in The Hottest City in the World!
- Weighted Average Lease Term of 6.0 Years
- Recent Renovations Drive Leasing Momentum
- Landmark Corner Property – Excellent Visibility, Access, and Parking
- Supply Constrained, Ultra High Barrier to Entry Market
- Walking Distance to The Culinary Epicenter of Miami
- Potential for Office Condo Exit
Hermen Rodriguez
Senior Managing Director, Capital Markets
License details
FL-SL3018820
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