1 Royal Poinciana Blvd ,Retail for Sale & Rent

1 Royal Poinciana Blvd for Sale & Rent

Price $20,172,000.00

• Lot size 66496
• Year Build 1945
• Waterfront
• Zip 33166
• Style
• Parking Description
• Pool Yes
• Status Active

Description

Newly renovated and fully stabilized triple net core retail investment property. The asset provides 26,947 square feet of rentable retail space evenly distributed over two buildings with grade parking. Developed by MV Group USA, the fully occupied property offers a robust merchandising plan with a well-balanced mix of new national credit tenants and tenured local tenants. Join fifteen food and beverage, health and beauty, medical, service, and specialty tenants with an average lease term of over 10 years remaining. All new leases include 3% yearly increases and some offer renewal options. The sale carries a $9 million seller financing loan at 4.5% for three to five years.

Please call for Financials and more details

19 53 41 .43 AC REV PL OF PT OF SEC 2 OF COUNTRY CLUB ESTS PB 34-40 TRACT B BLK 85 LOT SIZE 18730 SQUARE FEET OR 16636-0625 1094 1

Newly renovated and fully stabilized triple net core retail investment property. The asset provides 26,947 square feet of rentable retail space evenly distributed over two buildings with grade parking. Developed by MV Group USA, the fully occupied property offers a robust merchandising plan with a well-balanced mix of new national credit tenants and tenured local tenants. Join fifteen food and beverage, health and beauty, medical, service, and specialty tenants with an average lease term of over 10 years remaining. All new leases include 3% yearly increases and some offer renewal options. The sale carries a $9 million seller financing loan at 4.5% for three to five years.

City:Miami Springs,Zoning:6400,List A O R:A-Miami Association of REALTORS,Latitude:25.8210031,List Price:20172000,Listing Id:A11441771,Longitude:-80.280717,Mls Status:Active,Year Built:1945,Postal Code:33166,Street Name:Royal Poinciana Blvd,Coordinates:1:25.8210031,Photos Count:1,Days On Market:354,Listing Terms:1:Conventional/Refinance,2:Owner Will Carry,Lot Size Units:Square Feet,M I A M I R E_ Area:41,On Market Date:2023-08-24,Parcel Number:05-31-19-013-0020,Property Type:Commercial Sale,Street Number:1,Public Remarks:Newly renovated and fully stabilized triple net core retail investment property. The asset provides 26,947 square feet of rentable retail space evenly distributed over two buildings with grade parking. Developed by MV Group USA, the fully occupied property offers a robust merchandising plan with a well-balanced mix of new national credit tenants and tenured local tenants. Join fifteen food and beverage, health and beauty, medical, service, and specialty tenants with an average lease term of over 10 years remaining. All new leases include 3% yearly increases and some offer renewal options. The sale carries a $9 million seller financing loan at 4.5% for three to five years.,County Or Parish:Miami-Dade County,List Office Name:Dwntwn Realty Advisors LLC,Private Remarks:Please call for Financials and more details,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:6058,Property Sub Type:Retail,State Or Province:FL,Street Dir Prefix:S,Tax Annual Amount:29673,Unparsed Address:1 S Royal Poinciana Blvd, Miami Springs FL 33166,Listing Agreement:Exclusive Right To Sell,Building Area Total:26947,Building Area Units:Square Feet,Lot Size Square Feet:66496,Original List Price:20172000,Public Survey Range:31,I D X Participation Y N:1,Syndication Remarks:Newly renovated and fully stabilized triple net core retail investment property. The asset provides 26,947 square feet of rentable retail space evenly distributed over two buildings with grade parking. Developed by MV Group USA, the fully occupied property offers a robust merchandising plan with a well-balanced mix of new national credit tenants and tenured local tenants. Join fifteen food and beverage, health and beauty, medical, service, and specialty tenants with an average lease term of over 10 years remaining. All new leases include 3% yearly increases and some offer renewal options. The sale carries a $9 million seller financing loan at 4.5% for three to five years.,Listing Contract Date:2023-08-24,Originating System I D:miamire,Public Survey Section:19,Street Number Numeric:1,Tax Legal Description:19 53 41 .43 AC REV PL OF PT OF SEC 2 OF COUNTRY CLUB ESTS PB 34-40 TRACT B BLK 85 LOT SIZE 18730 SQUARE FEET OR 16636-0625 1094 1,Public Survey Township:31,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Internet Remarks:Miami Springs Plaza presents a fully stabilized and occupied NNN core retail investment opportunity within the Downtown Miami Springs Circle.,Contract Status Change Date:2023-08-24,Internet Address Display Y N:1,Internet Consumer Comment Y N:1,Internet Entire Listing Display Y N:1,Internet Automated Valuation Display Y N:1,