$748.58 Per Sq Foot $108,288 est/mo Sourced by Back At You

1 S Royal Poinciana Blvd,Miami Springs, FL 33166

Miami Springs FL, 33166

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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 TypeFor Sale
StyleRetail
Sub-TypeResale
StatusActive
Year1945
Days On Site243
Listing Provided ByDwntwn Realty Advisors LLC | Rayza Perez

Features

SQ Feet26,947
Zoning6400
Acreage66496.00
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Miami Board of Realtors®

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Learn More About This Property

StateFL
CountyMiami Dade County
CityMiami Springs
Zip Code33166
Area41
Listing VS Median (in 33166)
Price:
$20,172,000
low | high
Med:
$12,836
100% of Average
SqFt:
26,947
low | high
Med:
61,952
79.904998701154% of Average
$ / SqFt:
$749
low | high
Med:
$2
100% of Average
On Site:
243
low | high
Med:
169.000000
100% of Average
Sourced by Back At You
Listing Updated: April 7, 2024 at 3:20:25 PM PDT