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Sunnylea Plaza 1400-1420 NE 8th St 22,350 SF 84% Leased Retail Building Homestead, FL 33033 $12,316,000 ($551.05/SF)
INVESTMENT HIGHLIGHTS
- Substantial upside opportunity through outparcel development or ground-lease
- One of Miami’s fastest-growing areas
- Ideal location on Campbell Drive, between Florida Turnpike and US Highway 1
- Very dense population of 137,573 residents within a 10-minute drive and AHHI of $85,704
- Class A retail center developed in 2020
EXECUTIVE SUMMARY
TSCG, as the exclusive agent for the Owner, is pleased to present Sunnylea Plaza for sale in Homestead, Florida (the “Property”). Strategically located on Campbell Drive, at a signalized intersection 1.1 miles west of the Florida Turnpike, Sunnylea Plaza is very well-positioned to serve a wide and rapidly growing trade area. The Property presently totals 22,350 square feet (“SF”) comprised of a street-front building that totals 8,000 square feet leased entirely to VivaMas Medical Center and a separate building with Iron Legends, Cold Stone Creamery and other complementary tenants. The Property offers investors significant upside potential through the ground-lease or development of an outparcel fronting Campbell Drive that can accommodate a building of up to 3,500 SF with a drive-thru, as well as the lease-up of two inline vacancies.
Please contact us for more information.
Please contact us for more information.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
22,350 SF
Building Class
B
Year Built
2020
Price
$12,316,000
Price Per SF
$551.05
Percent Leased
84%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.17
Lot Size
3.00 AC
Opportunity Zone
Yes
Zoning
B2 - Commercial
Parking
119 Spaces (5.32 Spaces per 1,000 SF Leased)
Frontage
442’ on Northeast 8th Street
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
- 1st Floor
- 3,500 SF
- Retail
- -
- Now
| Space | Size | Space Use | Position | Available |
| 1st Floor | 3,500 SF | Retail | - | Now |
1st Floor
| Size |
| 3,500 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
Walk Score®
Very Walkable (70)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 10-7917-001-0200 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $954,430 |
PROPERTY TAXES
Parcel Number
10-7917-001-0200
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$954,430
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Sunnylea Plaza | 1400-1420 NE 8th St
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