1 S Royal Poinciana Blvd, Miami Springs, Florida 33166

$20,172,000 USD

Retail Property for Sale, 1 S Royal Poinciana Blvd, Miami Springs, Florida 33166

  • MLS#A11441771

Listed By Dwntwn Realty Advisors LLC

The Retail Property for Sale located at 1 S Royal Poinciana Blvd, Miami Springs, Florida 33166 is currently for sale. 1 S Royal Poinciana Blvd, Miami Springs, Florida 33166 is listed for $20,172,000.

Date Updated : May 7, 2024

Property features

Lot/Land

  • Land/Lot size: 6,178 m² (66,496 ft²)

Construction

  • Year built: 1945

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

1 S Royal Poinciana Blvd, Miami Springs, Florida 33166

1 S Royal Poinciana Blvd, Miami Springs, Florida 33166