Miami Gardens Plaza

18365 - 18579 NW 27th Ave, Miami Gardens, FL 33056

$11,000,000

86,807 SF | Retail

Retail Property For Sale

Price:
$11,000,000
Gross Leasable Area:
86,807 SF
Price/SF:
$126.72
Property Type:
Retail
Property Sub-type:
Strip Center
Property Use Type:
Investment
Cap Rate:
7.50%
Tenancy:
Multiple
Lot Size:
8.53 AC
Listing ID
19042637
Last Updated
31 days ago

Find Out More...

Highlights

  • Tropical Supermarket and Bare Foot Shoes are at below market rates.
  • Majority of local tenants are at rates considered below market for area.
  • Tremendous upside based on reasonable lease up of existing vacancy.
  • With property face-lift, rents can be increased significantly.
  • Next door to new City of Miami Gardens City Hall and Police Station employing +260 on a 24/7/365.
  • Less than 1 mile from Sun Life Stadium, home of the Miami Dolphins, many premier professional soccer matches & is about to undergo a $350M enhancement

Description

Miami Gardens Plaza is an existing 86,807 square foot, single story, strip shopping center (currently 80.6% leased), situated on approximately 8.53 acres. The property is zoned Planned Corridor Development (PDC) and Town Center Overlay (TCO), in the City of Miami Gardens.

The shopping center is anchored by Tropical Supermarket, H & R Block, Checkers Drive Thru restaurants and a host of long term, local credit tenants who have been in place for five years or more.

The immediate neighborhood is a combination of commercial and residential. The areas along N.W. 27th Avenue and portions of N.W. 183rd Street are developed commercially.

The shopping center is located on the northeast corner of N.W. 183rd Street and N.W. 27th Avenue in Miami Gardens. Each street is a major arterial road traversing Miami Gardens. The southwest corner of this intersection is slated as the location of a major redevelopment project transforming the 40 acres to a vibrant, new mixed use property. Immediately to the east, Cornerstone Group is building Pelican Cove, a 112 unit multi-family rental project.

Attachments

Financial Summary

  • Actual
  • $825,000
Commercial property information by LoopNet

Map of Miami Gardens, FL, 33056 - exact location not found



Mapping for this property is currently unavailable.


NOTE: To populate mapping and demographics, the listing broker or contact must supply an exact postal address. For further assistance, please contact Client Services at (888) 567-7442.

Contact Listing Broker to find out more details.

Request additional information

Contact Listing Broker
Jeremy Larkin (786) 260-0402
Joe Gallaher (786) 533-1246

Jeremy's Other Listings

  • Eldorado Bldg
  • Lighthouse Point, FL
  • 224 - 4,415 SF
  • $17 - $27.50 /SF/Year
Share this listing
Send to Friend
Link to This Listing

Link

Copy the link above and share via email or IM.
Embed This on Your Web Site
Share on social networks
Additional options
Print Listing
View Map