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4040 SW 69th Ave 13,013 SF 100% Leased Retail Building Miramar, FL 33023 $3,750,000 ($288.17/SF) 6.50% Cap Rate
Executive Summary
Opportunity to acquire a 13,013 SF, fully leased neighborhood plaza offering stable in-place income at a 6.5% cap rate. The property is 100% occupied with five-year leases in place, providing long-term cash flow and reduced rollover risk.
The plaza features 51 on-site parking spaces, recently repaved blacktop with new speed bumps, and strong accessibility, located one block from the Turnpike entrance. NNN Leases in place
The plaza features 51 on-site parking spaces, recently repaved blacktop with new speed bumps, and strong accessibility, located one block from the Turnpike entrance. NNN Leases in place
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
13,013 SF
Building Class
C
Year Built
1988
Price
$3,750,000
Price Per SF
$288.17
Cap Rate
6.50%
NOI
$243,750
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.24
Lot Size
1.23 AC
Zoning
PUD - ZONED RETAIL COMMERCIAL
Parking
50 Spaces (3.84 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Restaurant
- Wheelchair Accessible
- Monument Signage
- Air Conditioning
Nearby Major Retailers
Property Taxes
| Parcel Number | 51-41-26-23-0210 | Improvements Assessment | $3,290,100 |
| Land Assessment | $338,500 | Total Assessment | $3,628,600 |
Property Taxes
Parcel Number
51-41-26-23-0210
Land Assessment
$338,500
Improvements Assessment
$3,290,100
Total Assessment
$3,628,600
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4040 SW 69th Ave
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