Active
1 S Royal Poinciana Blvd
Miami Springs FL, 33166
$20,172,000
$748.58 per sqft
Active
26,947 sqft
Commercial
Built in 1945
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.
A11441771
MLSⓇ ID
August 24, 2023
Listed
November 21, 2024
Updated
Map
1 S Royal Poinciana Blvd
Miami Springs FL, 33166
Interior Features
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
1.53 Acres
Other Property Details
Taxes
$29,673
Tax Frequency
Annually
Days on Market
354
Garage
No
View
No
County
Miami-Dade County
Pool
No
Zoning
6400
Listed by: Dwntwn Realty Advisors LLC
Listing Contact: 786-325-9928
Based on information from the Miami Association of REALTORS®. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated 11:19 PM UTC, 11/21/2024.