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1 S Royal Poinciana Blvd Miami Springs FL 33166 MLS #A11441771

1 S Royal Poinciana Blvd
Miami Springs, FL, 33166
$20,172,000
Beds
0 Bathrooms
0 SqFt
0 Acres
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$20,172,000
1 S Royal Poinciana Blvd
Miami Springs, FL, 33166
MLS #A11441771 image #0

Project 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.

Financial

Taxes
$29,673

Investment results for buyers and agents

Property Details

Price:
$20,172,000
MLS #:
A11441771
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Subtype:
Retail
Listed Date:
Aug 24, 2023
Total Sq Ft:
26,947
Year Built:
1945
Commercial/residential Income

Schools

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Exterior

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Quick Information

Profitability of the Property

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Rental ROI

1 S Royal Poinciana Blvd
Miami Springs, FL