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4000 SW 57th Ave 15,115 SF 100% Leased 4-Star Retail Building Miami, FL 33155 $16,500,000 ($1,091.63/SF) 4.92% Cap Rate
Executive Summary
Property Features
• 15,115 SF fully leased, multi-tenant retail center, renovated in 2023
• Triple-net lease structure with staggered expirations and built-in annual rent bumps
• Signature tenant Cala-Millor, a celebrated Spanish restaurant and bakery concept, anchors the center
• $221,000 Average household income in a 1-mile radius
• 70,000+ vehicles per day
Location Features
• Positioned in a highly walkable, transit-friendly corridos within Coral Gables’ urban core
• Two miles to Metrorail access, one mile to University of Miami
• 458,000 population in a 5 mile radius
• Hard-corner signalized intersection at SW 40th St (Bird Rd) and SW 57th Ave (Red Rd)
• Less than a mile from the University of Miami’s campus
• 15,115 SF fully leased, multi-tenant retail center, renovated in 2023
• Triple-net lease structure with staggered expirations and built-in annual rent bumps
• Signature tenant Cala-Millor, a celebrated Spanish restaurant and bakery concept, anchors the center
• $221,000 Average household income in a 1-mile radius
• 70,000+ vehicles per day
Location Features
• Positioned in a highly walkable, transit-friendly corridos within Coral Gables’ urban core
• Two miles to Metrorail access, one mile to University of Miami
• 458,000 population in a 5 mile radius
• Hard-corner signalized intersection at SW 40th St (Bird Rd) and SW 57th Ave (Red Rd)
• Less than a mile from the University of Miami’s campus
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
15,115 SF
Building Class
B
LoopNet Rating
4 Star
Year Built/Renovated
1946/2023
Price
$16,500,000
Price Per SF
$1,091.63
Cap Rate
4.92%
NOI
$811,065
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.68
Lot Size
0.51 AC
Zoning
6700 - General Retail
Parking
51 Spaces (3.37 Spaces per 1,000 SF Leased)
Frontage
Moderately walkable
70/100
Very drivable
80/100
Some public transit
40/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 09-4024-006-0050 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $5,885,000 |
Property Taxes
Parcel Number
09-4024-006-0050
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$5,885,000
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