1 S Royal Poinciana Blvd, Miami Springs

$20,172,000

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0 Bed
0 Bath
0 Acre
0 Garage

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.

Essential Information
MLS® #A11441771
Price$20,172,000
Bathrooms0.00
Acres0.00
Year Built1945
TypeCommercial
Sub-TypeRetail
StatusActive
Community Information
Address1 S Royal Poinciana Blvd
Area41
CityMiami Springs
CountyMiami-Dade County
StateFL
Zip Code33166-6058
Additional Information
Date ListedAugust 24th, 2023
Days on Market248
Listing Details
Listing Courtesy ofDwntwn Realty Advisors LLC
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Steven Rodriguez

Office: 954.900.9811
Cell: 954.937.4887

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