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.
Property Details
Price:
$20,172,000
MLS #:
A11441771
Status:
Active
Beds:
0
Baths:
0
Address:
1 S Royal Poinciana Blvd
Type:
Commercial
Subtype:
Retail
City:
Miami Springs
Listed Date:
Aug 24, 2023
State:
FL
Finished Sq Ft:
26,947
ZIP:
33166
Year Built:
1945
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Schools
Interior
Exterior
Financial
Buyer Agent Compensation
1.5%%
Taxes
$29,673
Map
Community
- Address1 S Royal Poinciana Blvd Miami Springs FL
- CityMiami Springs
- CountyMiami-Dade County
- Zip Code33166
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Courtesy of Dwntwn Realty Advisors LLC. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Miami, FL. Detailed information about real estate listings held by brokerage firms other than Century 21 Carioti include the name of the listing broker. Neither the listing company nor Century 21 Carioti shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. Miami, FL. All rights reserved.
1 S Royal Poinciana Blvd
Miami Springs, FL
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