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$6,950,000
Est. payment /mo
21,387 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 21,387 sqft
Price per Sqft $324
MLS Listing ID A11822575
HOA Y/N No
Year Built 1989
Annual Tax Amount $53,548
Lot Size 0.900 Acres
Property Sub-Type Mixed Use
Property Description
INVESTMENT HIGHLIGHTS: All triple net leases, Cap rate 7.03%, 100 Occupied. Building Size 24,964 sq ft, Lot Size 39,204 sq ft, Year Built 1989, First Time On Market in Over 20 Years, Recently Re-Roofed, New LED lighting, New surveillance cameras throughout the property, New, LED monument sign, 85 parking spaces, 1 elevator, 2 staircases. Strong and stable cash flow for potential investors. Upside potential by leasing the remaining unit plus adjusting rents through multiple short-term leases. Triple net leases. annual escalations providing strong rent growth for a potential buyer. The investment presents a unique opportunity to own a mixed-use building with small spaces that can easily be rented out to in a rapidly growing neighborhood.
Location
State FL
County Miami-dade
Area 21
Exterior
Total Parking Spaces 85
Private Pool Yes
Building
Story 2
Level or Stories Two
Structure Type Block
Others
Tax ID 34-21-10-011-1390
Ownership Limited Partnership
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11822575
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Listed by Castillo & Associates Real Estate, Inc
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