1 SOUTH ROYAL POINCIANA BLVD, Miami Springs
$20,172,000 USD
Pictures
Map
Contact us
Schedule Tour
| Address | 1 SOUTH ROYAL POINCIANA BLVD, Miami Springs |
| Type of Property | Retail |
| Type of Business | Commercial / Residential Income |
| Price | $20,172,000 |
| Property Status | Active |
| MLS Number | A11441771 |
| Property Size | 66496 |
| Lot Size | 66496 |
| Year Built | 1945 |
| Folio Number | 05-31-19-013-0020 |
| Zoning Information | 6400 |
| Days on Market | 678 |
Detailed Description: Newly renovated and fully stabilized triple net core retail investment property. The asset provides 26,947 sq.ft 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.
Internet
Property added to favorites
Loan
Mortgage
Expert
Hide
Address Information
| State | Florida |
| City | Miami Springs |
| County | Miami-Dade County |
| Zip Code | 33166 |
| Address | 1 SOUTH ROYAL POINCIANA BLVD |
| Section | 19 |
| Zip Code (4 Digits) | 6058 |
Financial Information
| Price | $20,172,000 |
| Price per Foot | $0 |
| Folio Number | 05-31-19-013-0020 |
| Tax Amount | $29,673 |
Full Descriptions
| Detailed Description | Newly renovated and fully stabilized triple net core retail investment property. The asset provides 26,947 sq.ft 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 parameters
| Living Area | 66496 |
| Lot Size | 66496 |
| Total Acreage | 0.000 |
| Zoning Information | 6400 |
| Maximum Leasable Size | 66496 |
| Year Built | 1945 |
| Type of Property | Retail |
| Type of Business | Commercial / Residential Income |
| Street Direction | South |
| Listed with | Dwntwn Realty Advisors LLC |