Retail For Sale
1 S Royal Poinciana Blvd, Miami Springs, FL 33166

$20,172,000
For Sale
Mila Bogatov
Mila Bogatov
Luxury Real Estate Broker

Details


  • MLS Number:A11441771
  • List Price: $20,172,000
  • Taxes:$29,673
  • Year Built:1945
  • Listing Date:August 24, 2023
  • Days On Market:457

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.

Features


  • Floor:
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Location


Price History


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Mila Bogatov
Mila Bogatov
Luxury Real Estate Broker