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.
Address Map
FL
Miami-Dade County
Miami Springs
33166
1 S Royal Poinciana Blvd
W81° 43' 9.4''
N25° 49' 15.6''
MLS Addon
26,947 Sqft
1
1
Cash,Conventional,OwnerMayCarry
05-31-19-013-0020
$29,673
Commercialsale For Sale
1 S Royal Poinciana Blvd, Miami Springs, Florida 33166
66,496 Sqft
$20,172,000
MLS # #A11441771
Basic Details
Property Type : Commercialsale
Listing Type : For Sale
Price : $20,172,000
Year Built : 1945
Lot Area : 66,496 Sqft
MLS # : A11441771
Property Sub Type : Retail