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River District Retail 702 NW 5th Ave
6,431 SF of Flex Space Available in Miami, FL 33136
Highlights
- Turnkey Retail, Gallery or Studio Facility
- Easy enter/exit from Brickell, Downtown, River and Hospital District
- Fully built out, air conditioned, lit, with offices and multiple restrooms
- Highly visible and accessible corner building
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor - 1 | 6,431 SF | Negotiable | $25.00 USD/SF/YR $2.08 USD/SF/MO $269.10 USD/m²/YR $22.42 USD/m²/MO $13,398 USD/MO $160,775 USD/YR | Modified Gross |
1st Floor - 1
- Listed rate may not include certain utilities, building services and property expenses
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS FOR 702 NW 5th Ave , Miami, FL 33136
| Property Type | Retail | Year Built/Renovated | 1947/2014 |
| Property Subtype | Freestanding | Parking Ratio | 0.3/1,000 SF |
| Gross Leasable Area | 6,431 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 6,431 SF |
| Year Built/Renovated | 1947/2014 |
| Parking Ratio | 0.3/1,000 SF |
About the Property
DWNTWN Realty Advisors has been retained exclusively to arrange the leasing of 702 NW 5th Ave in the River District. The subject property is located at the intersection of the central business districts of Brickell and Downtown and the quickly growing River and Health districts. The building features approximately 6,431 square feet ideal for any gallery showroom, entertainment, flex or office user. The property is fully built out and move in ready as a showroom and entertainment space and can be used for a multitude of uses. The property is ideal for operators looking to capitalize on a prime location in a turnkey building in the urban core of Miami.
Nearby Major Retailers
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River District Retail | 702 NW 5th Ave
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