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.
26,947 Sq Ft
1.53 Private Acres Exterior Space
Commercial
$29,673 Annual Tax
Built in 1945
MLS/Listing ID A11441771
Listing Courtesy of DWNTWN REALTY ADVISORS LLC, RAYZA PEREZ - 786-325-9928
Source of Data: MIAMI ASSOCIATION OF REALTORS