17325 NORTH WEST 27TH AVE, Miami Gardens
$6,950,000 USD
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| Address | 17325 NORTH WEST 27TH AVE, Miami Gardens |
| Building Name | Clearview Shops |
| Type of Property | Mixed Use |
| Type of Business | Office Space, Retail Space |
| Business Location | City Location,Shopping Center |
| Property Style | Retail |
| Price | $6,950,000 |
| Previous Price | $6,998,000 (48 days ago) |
| Property Status | Active |
| MLS Number | A11822575 |
| Property Size | 39204 |
| Lot Size | 39204 |
| Year Built | 1989 |
| Parking Space Number | 85 |
| Folio Number | 34-21-10-011-1390 |
| Zoning Information | 6500 |
| Days on Market | 288 |
Detailed Description: INVESTMENT HIGHLIGHTS: All triple net leases, Cap rate 7.03%, 100 Occupied. Building Size 24,964 sq.ft, Lot Size 39,204 sq.ft, Year Built 1989, First Time On Market in Over 20 Years, Recently Re-Roofed, New LED lighting, New surveillance cameras throughout the property, New, LED monument sign, 85 parking spaces, 1 elevator, 2 staircases. Strong and stable cash flow for potential investors. Upside potential by leasing the remaining unit plus adjusting rents through multiple short-term leases. Triple net leases. Annual escalations providing strong rent growth for a potential buyer. The investment presents a unique opportunity to own a mixed-use building with small spaces that can easily be rented out to in a rapidly growing neighborhood.
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Address Information
| State | Florida |
| City | Miami Gardens |
| County | Miami-Dade County |
| Zip Code | 33056 |
| Address | 17325 NORTH WEST 27TH AVE |
| Business Location | City Location,Shopping Center |
| Section | 10 |
| Zip Code (4 Digits) | 4056 |
Financial Information
| Price | $6,950,000 |
| Price per Foot | $0 |
| Previous Price | $6,998,000 |
| Folio Number | 34-21-10-011-1390 |
| Tax Amount | $53,548 |
Full Descriptions
| Detailed Description | INVESTMENT HIGHLIGHTS: All triple net leases, Cap rate 7.03%, 100 Occupied. Building Size 24,964 sq.ft, Lot Size 39,204 sq.ft, Year Built 1989, First Time On Market in Over 20 Years, Recently Re-Roofed, New LED lighting, New surveillance cameras throughout the property, New, LED monument sign, 85 parking spaces, 1 elevator, 2 staircases. Strong and stable cash flow for potential investors. Upside potential by leasing the remaining unit plus adjusting rents through multiple short-term leases. Triple net leases. Annual escalations providing strong rent growth for a potential buyer. The investment presents a unique opportunity to own a mixed-use building with small spaces that can easily be rented out to in a rapidly growing neighborhood. |
| Year Built Description | Resale |
| Parking Description | Common, Free Parking |
Property parameters
| Living Area | 39204 |
| Lot Size | 39204 |
| Total Acreage | 0.000 |
| Zoning Information | 6500 |
| Maximum Leasable Size | 39204 |
| Year Built | 1989 |
| Type of Property | Mixed Use |
| Type of Business | Office Space, Retail Space |
| Style | Retail |
| Building Name | Clearview Shops |
| Construction Type | Concrete Block Construction |
| Stories Number | 2 |
| Street Direction | North West |
| Parking Space Number | 85 |
| Listed with | Castillo & Associates Real Estate, Inc |