FL > Miami Springs
Miami Springs, FL 33166,1 S Royal Poinciana Blvd
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Monica Cataluña-Shand, CCIM

Monica Cataluña-Shand, CCIM

+1(954) 812-1831
$20,172,000
Est. payment /mo
26,947 SqFt
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UPDATED:

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 Sub-Type Retail

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

Exterior

Private Pool Yes

Others

Tax ID 05-31-19-013-0020

Acceptable Financing Cash, Conventional, Owner May Carry

Listing Terms Cash, Conventional, Owner May Carry

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Listed by Dwntwn Realty Advisors LLC
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"We recognize that real estate ventures involve more than just transactions; they’re intricate puzzles that demand strategic thinking and a keen understanding of the numbers. With years of experience in the industry, we bring a wealth of knowledge and expertise to the table, ensuring that every client receives tailored solutions to meet their unique needs."

+1(954) 812-1831

monica@koresrealty.com

1655 N Commerce Parkway, Suite 204, Weston, Florida, 33326, United States

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1 S Royal Poinciana Blvd