North Miami Retail Building | 13700 NE 11th Ave
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North Miami Retail Building 13700 NE 11th Ave
16,448 SF 100% Leased Retail Building North Miami, FL 33161 £3,211,530 (£195/SF) 7.33% Net Initial Yield
Investment Highlights
- 40-Year Certification
- Value Enhancement - Unleash the property’s full potential through savvy lease optimization
- Surrounded by an array of forthcoming development projects
- Ample 49 parking spots
- Prime Visibility – W Dixie Hwy
- High Traffic Exposure - 18,900 vehicles per day
Executive Summary
Current Capital Group is excited to present an exceptional opportunity to acquire The Town Center, a distinguished two-story retail property located in the vibrant heart of North Miami. This prime, free-standing building features 21 individual units, hosting a diverse mix of tenants, including restaurants, medical offices, beauty services, and retail shops. With a spacious 16,448 sq. ft. building set on a 25,179 sq. ft. lot, this property offers a substantial investment with excellent tenant variety and a central location.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
16,448 SF
Building Class
C
Year Built
1988
Price
£3,211,530
Price Per SF
£195
Net Initial Yield
7.33%
NOI
£235,460
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Building FAR
0.65
Lot Size
0.58 AC
Zoning
C-2 - Zoned C-2 Commercial Liberal, ideal for retail and personal services catering to essential needs, close to residential neighborhoods.
Parking
2.98 Spaces per 1,000 SF Leased
Frontage
212 ft on NE 11th Ave
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 06-2219-007-0910 | Improvements Assessment | £0 (2024) |
| Land Assessment | £0 (2024) | Total Assessment | £1,528,594 (2024) |
PROPERTY TAXES
Parcel Number
06-2219-007-0910
Land Assessment
£0 (2024)
Improvements Assessment
£0 (2024)
Total Assessment
£1,528,594 (2024)
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North Miami Retail Building | 13700 NE 11th Ave
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