Value-Add Shopping Center 5931-5969 NW 2nd Ave 4,532 SF 68% Leased Retail Building Miami, FL 33127 £1,809,072 (£399.18/SF)
INVESTMENT HIGHLIGHTS
- Value-add shopping center + Strategic location
- One lease has 3 years remaining, the rest of the leases are month-to-month
- If the units are all rented at $2500/month + NNN, the property would yield a 7% cap rate at asking price
- Fully leased to tenants paying below market rates
- 6 units, 4 tenants – Two tenants are occupying two units – All units are approx. 700 SF
EXECUTIVE SUMMARY
The property is surrounded by highly successful retail businesses including Panther Coffee and Sur.
It also has development rights for up to 5 stories and a variety of uses.
PROPERTY FACTS
AMENITIES
- Bus Route
- Signage
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
Opportunity to lease storefront retail space in a rapidly emerging submarket of Miami. The offering includes two 700 SF spaces that could be leased together or separately. The spaces are ideal for creative businesses looking for high exposure retail, studio, or office space at a reasonable price point. There is also ample parking on site and a private courtyard in the back of the property. Directly across the street from the property is Panther Coffee and next door is Sur, a popular lunch spot. 5931 NW 2 AVE INDOOR SPACE: 700 SF ASKING RATE: $2,500/month + NNN expenses *Comes with additional outdoor courtyard area PARKING: 19 on site parking spaces (first come first serve)
5935 NW 2 AVE INDOOR SPACE: 700 SF ASKING RATE: $2,500/month + NNN expenses *Comes with additional outdoor courtyard area PARKING: 19 on site parking spaces (first come first serve)
| Space | Size | Space Use | Position | Available |
| 1 | 700 SF | Retail | - | Now |
| 2 | 700 SF | Retail | - | Now |
1
| Size |
| 700 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
2
| Size |
| 700 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 01-3113-063-0420 | Improvements Assessment | £17,617 |
| Land Assessment | £457,039 | Total Assessment | £474,656 |
CONTACT
-
Alexandros Tsoulfas -
STL Commercial
