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Festival Plaza 8500 SW 8th St 5,178 - 18,881 SF of Space Available in Miami, FL 33144
HIGHLIGHTS
- Festival Plaza is a 153,000 SF mixed use retail /office park offering unique leasing opportunities and values
- Strategically located at the center of the dynamic Westchester / West Miami Dade trade area in close proximity to Florida Turnpike
- Traffic count exceeds 88,000 vehicles daily at the intersection of 87th Avenue and SW 8th Street
SPACE AVAILABILITY (2)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 13,703 SF | 5 Years | $45.00 /SF/YR $3.75 /SF/MO $484.38 /m²/YR $40.36 /m²/MO $51,386 /MO $616,635 /YR | Triple Net (NNN) | ||
| 1st Floor, Ste 8534 | 5,178 SF | 5 Years | $60.00 /SF/YR $5.00 /SF/MO $645.83 /m²/YR $53.82 /m²/MO $25,890 /MO $310,680 /YR | Triple Net (NNN) |
8488-8520 SW 8th St - 1st Floor
Former Surgery Center
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Health Care Space
- Office intensive layout
- Fits 35 - 110 People
- Space is in Excellent Condition
8534-8540 SW 8th St - 1st Floor - Ste 8534
Former Chase Bank with Drive-Thru.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Bank
- Highly Desirable End Cap Space
- Drive Thru
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.
SELECT TENANTS AT FESTIVAL PLAZA
- Chase Bank USA
- Coldstone Creamery
- Planet Fitness
- Starbucks Coffee Company
- Subway
PROPERTY FACTS
| Total Space Available | 18,881 SF | Frontage | |
| Center Type | Neighborhood Center | Gross Leasable Area | 165,057 SF |
| Parking | 603 Spaces | Total Land Area | 19.36 AC |
| Center Properties | 7 | Year Built | 1961 |
| Total Space Available | 18,881 SF |
| Center Type | Neighborhood Center |
| Parking | 603 Spaces |
| Center Properties | 7 |
| Frontage | |
| Gross Leasable Area | 165,057 SF |
| Total Land Area | 19.36 AC |
| Year Built | 1961 |
ABOUT THE PROPERTY
Center in the midst of a compelte renovation. equipped with new pylon signage, landscaping, and awnings. Strong National tenant presence in the area for a perfect retail address. Area retailers include strong national and regional tenants such as Starbucks, Planet Fitness, Chase Bank, El Toro Loco Churasceria, Subway, Rinconcito Latino and many more.
- Banking
- Pylon Sign
- Restaurant
- Signage
TRAFFIC
| COLLECTION STREET | CROSS STREET | TRAFFIC VOLUME | YEAR | Distance |
|---|---|---|---|---|
| 8th St SW | SW 86th Ct, W | 51,961 | 2022 | 0.08 mi |
| SW 87th Ave | SW 12th St, S | 39,804 | 2022 | 0.17 mi |
| 8th St SW | SW 88th Ave, W | 54,943 | 2022 | 0.24 mi |
| Southwest 87th Avenue | SW 4th St, N | 32,732 | 2022 | 0.35 mi |
| Southwest 8th Street | SW 8th Ave, E | 61,290 | 2022 | 0.36 mi |
| SW 82nd Ave | SW 10th St, S | 11,409 | 2022 | 0.38 mi |
| SW 87th Ave | SW 3rd St, S | 40,007 | 2022 | 0.44 mi |
| Southwest 87th Avenue | SW 16th St, N | 30,085 | 2022 | 0.45 mi |
| W Flagler St | NW 87th Ave, W | 53,173 | 2022 | 0.60 mi |
| 8th St SW | SW 79th Ave | 62,822 | 2022 | 0.61 mi |
NEARBY MAJOR RETAILERS
MAP
ADDITIONAL PHOTOS
TCP After Center
TCP after Side Center
TCP After Subway
Primary Photo
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Signage