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Gelfand Realty Miami Properties for Sale - Retail for Sale

1 S ROYAL POINCIANA BLVD, MIAMI SPRINGS, FL 33166

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Retail - for Sale

1 S ROYAL POINCIANA BLVD, MIAMI SPRINGS, FL 33166

Asking Price$20,172,000

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  • Lot size 66496sqft
  • Taxes $29,673
  • Year Built 1945

  • Days on market:

    7 day(s)

  • Original Price:

    $20,172,000

  • Tax Legal Description:

    19 53 41 .43 AC REV PL OF PT OF SEC 2 OF COUNTRY CLUB ESTS PB 34-40 TRACT B BLK 85 LOT SIZE 18730 SQUARE FEET OR 16636-0625 1094 1

  • Property Type:

    Retail

  • Special Listing Conditions:

    Sale

Description

$20,172,000

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.
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