1 S Royal Poinciana Blvd, Miami Springs FL 33166

1 Royal Poinciana Blvd, Miami Springs, FL, 33166
$20,172,000

Basics

Date added Added 3 weeks ago Category Type Status
Lot size, sq ft 66496 sq ft Year built 1945 ListOfficeName Dwntwn Realty Advisors LLC ListAOR Miami Association of REALTORS®
MLS ID A11441771

Description

  • 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.

Location

  • CountyOrParish: Miami-Dade County

Building Details

  • NewConstructionYN: No

Amenities & Features

  • Waterfront available: No
  • GarageYN: No
  • AttachedGarageYN: No
  • CoolingYN: No
  • PoolPrivateYN: No
  • FireplaceYN: No

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