Property details
South Florida Stabilized Shopping Center, Southeast Region
Property Description
Located in an Income Tax Free State! 
South Florida Stabilized Shopping Center
Highly Confidential and Off-Market.
Neighborhood Service-Oriented Retail Shopping Center.
Rare Opportunity To Buy A Stabilized Center in a growing submarket of a major south Florida County currently with strong in-place NOI.
Amazon-Proof / e-Commerce Proof Center.
Prime, Prime Southern Florida.
Huge Demographics: Population of well over 161,000 people within a 3-mile radius with an average household income nearing $70,000.
Located directly on arguably the most heavily trafficked boulevard in the entire County (over 600 Feet on this prime boulevard).
Located in the heart of this thriving County.
Tenant mix includes 2 national tenants, free-standing outparcels, a S&P Investment-Grade inline tenant, and other well-known regional and local tenants.
Approx. 80,000 SF.
Located on approx. 8 acres.
Value-Add lies in the lease up of the remaining 3 vacant spaces
Un-Anchored which creates a thriving service-oriented environment relied upon by the high-end surrounding community that goes for miles.
Constructed in the late 1980's.
30+ total spaces.
Occupancy: Currently 88%. Note: The owner just signed a lease for one of the 4 remaining vacant spaces with a Pet Store at $24/sf. They are currently under buildout and this is not reflected in the rent-roll / NOI.
Tremendous Traffic Count of over 50,000 vehicles per day passing through the boulevard.
The center includes two major access points from the frontal edges of the 600-foot boulevard frontage.
Priced firmly at $25m, net to the owner. Buyer is responsible for 3.00% brokerage fee.
Images
Highlights
- Status:
- Available
- Price:
- $25,000,000
- PSF:
- $312
- Cap Rate:
- 6.31%
- Annual Rent:
- $1,576,667
Property Information
- Building Size:
- 80,000 sq.ft.
- Property Type:
- Shopping Center
- Industry Type:
- Retail
- Units/Spaces:
- 30
- Year Built:
- Purchase Tenure:
- Fee Simple
Existing financing information
- N/A
The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.