Commercial Property Located in Little River
$7,500,000
For sale
3753
Property ID
10,000 SqFt
Size
Description
10,000 SF of commercial property located in the upcoming Little River neighborhood near the Citadel food market, shops, galleries and many new trendy restaurants.
Asking price $7,500,000 USD. Property completely leased out at and average $38 NNN agreements. Proforma Net operating income (NOI) $374k a year (5% CAP)
Over $2.5Million equity in renovation and development invested in the project.
Modern design with 24 ft ceilings, private garden and adjacent parking lot with 19 spots.
Property located on a beautiful corner lot of 17,000 SF zoned T6-8-0 with building rights of up to 14 floors.
Property Address: 210 NE 82 nd street and 8163 NE 2 nd avenue Miami.
Diversified and dynamic mix of tenants including a bakery, office, medspa, gallery, fitness center and retail.
Potential upside in rent prices up to $45/sf NNN vs. current $38/NNN Property is within Opportunity Zone.
Address
Address:
8163 NE 2nd Ave, Miami, FL 33138
- Country: United States
- Province / State: Florida
- City / Town: Miami
- Property ID 3753
- Price $7,500,000
- Property Type Industrial, Retail, Warehouse
- Property status For sale
- Size 10,000 SqFt
- Cap Rate 5.00%
- Zoning t6-80
- Lot Area 17,700(sq ft)
- Price Per Sqft $750
- Investment Type Stabilized
- Class A
- Lease Type NNN
- Tenancy Multi
- Net Rentable (sq ft) 10,000
- NOI $374,000
- Buildings 1
- Stories 2
- Broker Co-Op Yes
- Ownership LLC
Contact
