AN INTERNATIONALLY RENOWNED ADDRESS: CITY OF AVENTURA
From the developers of the sold out One Aventura office-condo, IDG is developing TWO10 Aventura a 100,000 square feet LEED Gold Certified office-condo building, located in the heart of Aventura, fronting Biscayne Blvd and next to the Whole Foods Market center.
Steps from international hotels, restaurants, and world-class retail, TWO10 is central to the conveniences required to meet the needs of today’s discerning business owner.
BENEFITS OF OWNERSHIP
Office condominiums exist in nearly every market in the US and are particularly prevalent in Europe and Asia. However, they have been a small niche in Aventura.
The annual cost of office condominium ownership is less than the cost of leasing. Current market lease rates far exceed the annual office condominium carrying costs, including common charges, real estate taxes and if applicable, mortgage payments.
Attractive Financing Costs
There are a variety of financing options that make owning an office condominium more affordable for businesses and non-profit organizations. Interest rates remain very low, and borrowers can often find loans as high as 90% loan-to-value, including build-out costs.
Owners are exempt from paying sale taxes when they own and occupy an office condominium, as opposite to tenants who must pay them in addition to their lease rate.
From office furniture to glass conference rooms, designing and building an office space involves significant capital. When a business cannot renew their lease, they lose their investment and have to expend further capital to move and improve elsewhere. By owning office space, a business can justify a higher-end build-out that increases their competitive edge and improves the value of their real estate.
Stabilized Occupancy Costs
Office condominium owners are insulated from the escalating and unpredictable costs of leasing office space. An office condominium owner’s occupancy costs remain stable and predictable, allowing for precise operating expense projections and easy budgeting, whereas tenants leasing office space are subject to the fluctuations of the leasing market and whims of landlords who may have conflicting objectives.
Historically office condominium property values have exceed inflacionary indexes serving as a hedge for inflation.
- BedroomsOffice Space
- Year Built2021
Amenities at TWO 10 Aventura
- 100,000 RSF Class “A” condominium
- 2,600 SF Retail
- Bike racks and showers for daily commuters
- Contemporary lobby designed with 17 foot ceilings
- Covered parking
- Drop-off and pick-up area
- LEED GOLD Certified.
- Landscaping, benches to provide a pleasant outdoor space
- On-site cafe
- Panoramic views of the Atlantic Ocean,
- Private rooftop terrace
- WI-FI connected common areas
- “The Plaza”, a grand two-story covered atrium