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$ 20,172,000
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Active
1 S Royal Poinciana Blvd Miami Springs, FL 33166
26,947 SqFt
UPDATED:
09/30/2024 09:29 PM
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 26,947 sqft
Price per Sqft $748
MLS Listing ID A11441771
HOA Y/N No
Year Built 1945
Annual Tax Amount $29,673
Lot Size 1.527 Acres
Property 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.
Location
State FL
County Miami-dade
Area 41
Others
Tax ID 05-31-19-013-0020
Acceptable Financing Cash, Conventional, Owner May Carry
Listing Terms Cash, Conventional, Owner May Carry
Listed by Dwntwn Realty Advisors LLC