3946 N Miami Ave

Miami, FL

Location: Miami
Neighborhood: Design District
Status: Realized
Acquisition Date: January 2016
Date Sold: January 2021
Asset Type: Urban Street
Tenant(s): 54D
Gross Square Footage: 9,900

3946 N Miami Avenue is a free-standing building on the hard corner of NE 40th Street and North Miami Avenue, the primary north/south traffic corridor connecting Miami’s luxury shopping destination, the Design District, to Midtown, Wynwood and Downtown Miami to the south, and Little River to the north. The Property was purchased in 2015 in partnership with the Arizona State Retirement System and after vacating the existing tenant, L3 completed a comprehensive redevelopment of the site in December 2019. The fully renovated property includes a new all glass storefront and new MEP systems, roof, landscaping, and life safety systems. A lease was signed in one of two available retail spaces with 54D, a Miami based gym offering a fifty-four-day membership workout program, in 2019.

Property Highlights

  • 2019 Renovation
  • Corner Flagship Potential
  • New Glass Storefronts
  • Front and Rear Entrances
  • 16 Dedicated Parking Spots
  • Highway Accessibility
  • OKW Architects
  • RL Edward Partners
  • McGowan Builders

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