1 S Royal Poinciana Blvd, Miami Springs, FL 33166

$20,172,000
List Price
$20,172,000
MLS#
A11441771
Status
ACTIVE
Type
Commercial

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.

Additional Information

Days on Market
275
Tax Amount
$29,673
Parcel Number
05-31-19-013-0020
Lot Size
66,496
Address
1 S Royal Poinciana Blvd, Miami Springs
Year Built
1945
Section
19

Mortgage Calculator

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Listing Courtesy of Dwntwn Realty Advisors LLC, Contact: