1 S Royal Poinciana Blvd, Miami Springs, FL

$20,172,000

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About 1 S Royal Poinciana Blvd

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.

Features of 1 S Royal Poinciana Blvd

MLS® # A11441771
Price $20,172,000
Bathrooms 0.00
Acres 0.00
Year Built 1945
Type Commercial
Sub-Type Retail
Status Active

Community Information

Address 1 S Royal Poinciana Blvd
Area 41
City Miami Springs
County Miami-Dade
State FL
Zip Code 33166-6058
HOPA No Hopa

Amenities

Is Waterfront No
Has Pool No

Interior

Fireplace No

Listing Details

OfficeDwntwn Realty Advisors LLC

Listing Map

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