$20,172,000
( $748.58Per Sq Foot )
$108,288 est/mo Sourced by Back At You1 S Royal Poinciana Blvd , Miami Springs, FL 33166
Miami Springs, FL 33166
Description
Newly renovated and fully stabilized triple net core retail investment property. The asset provides 26,947 square feet of rentable retail space evenly distributed over two buildings with grade parking. Developed by MV Group USA, the fully occupied property offers a robust merchandising plan with a well-balanced mix of new national credit tenants and tenured local tenants. Join fifteen food and beverage, health and beauty, medical, service, and specialty tenants with an average lease term of over 10 years remaining. All new leases include 3% yearly increases and some offer renewal options. The sale carries a $9 million seller financing loan at 4.5% for three to five years.
Details
| MLS# | A11441771 |
|---|---|
| Listing Type | For Sale |
| Style | Retail |
| Sub-Type | Resale |
| Status | Active |
| Year | 1945 |
| Days On Site | 386 |
| Listing Provided By | Dwntwn Realty Advisors LLC | Rayza Perez |
Features
| SQ Feet | 26,947 |
|---|---|
| Zoning | 6400 |
| Acreage | 66496.00 |
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Learn More About This Property
| State | FL |
|---|---|
| County | Miami Dade County |
| City | Miami Springs |
| Zip Code | 33166 |
| Area | 41 |
| Listing VS Median (in 33166) | |
Price: $20,172,000 low | high Med: $9,713 SqFt: 26,947 low | high Med: 4,516 $ / SqFt: $749 low | high Med: $2 On Site: 386 low | high Med: 91.500000 | |
Listing Updated: September 10, 2024 at 5:31:49 AM PDT