1 S Royal Poinciana Blvd, Miami Springs FL 33166

For sale Days on market 718

$20,172,000

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Overview

Year Built

1945

66496 sqft

Property Type

Retail

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.

Property Details

MLS#

A11441771

Address

1 Royal Poinciana Blvd S

City

Miami Springs

State/county

Zip/Postal Code

33166

Area

Country

United States

HOA

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$29,673

Maint Fee

$--

Tax Year

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