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
May 9, 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
7
Garage
No
View
No
County
Miami-Dade County
Pool
No
Zoning
6400
Buyer Agency Compensation
1.5%
Listed by: Dwntwn Realty Advisors LLC
Listing Contact: 786-325-9928
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Data last updated 3:06 AM UTC, 5/9/2024.