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7000 sq ft Building |
15750 SQ FT (LOT) |
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PROPERTY
DESCRIPTION |
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This nine unit triple net retail center is located at the entrance to the newly developed Midtown Miami, which has just leased spaces to Target, Circuit City, and West Elm. Midtown began their leasing at $40 square foot and is now demanding $50 a square foot triple net. The property features a cafe with outdoor seating, nail salon, wine bar, Realty Company, locksmith, and other top rent paying businesses. 20 Parking spaces are included. Currently asking below market rents. Seller financing is available.
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PROPERTY
SPECIFICS: |
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ADDRESS: |
3501-3535 NE 2 Avenue Miami, FL 33137 |
PRICE: |
$5,500 |
BUILDING
SIZE: |
7,000 SQ FT |
LOT SIZE: |
N/A |
TOTAL
# UNITS: |
9 |
CEILING
HEIGHT |
N/A |
INCOME |
N/A |
EXPENSES |
$37,080 |
TRASH |
$1,140 per year
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WATER |
$6,500 per year
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ELECTRIC |
$450 per year
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INSURANCE |
$5,133 per year
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Total Monthly |
N/A |
Total Annually |
$155,604 |
NOI |
$118,524 |
PGI |
$375,750 |
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Associate |
Tony Cho |
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