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
Total Sq Ft:
26,947
ZIP:
33166
Year Built:
1945
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Financial
Taxes
$29,673
Map
Community
- Address1 S Royal Poinciana Blvd Miami Springs FL
- CityMiami Springs
- CountyMiami-Dade County
- Zip Code33166
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1 S Royal Poinciana Blvd
Miami Springs, FL
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