11601 SW 216th St - Storefront FOR SALE


Miami, FL 33170
$7,900,000 USD
305-316-5098
11601 SW 216th St, Miami, FL for Sale
$7,900,000 USD
Storefront - FOR SALE
1/17
null | 5.83% Cap Rate

11601 SW 216th St
Miami, FL 33170


HIGHLIGHTS

  • ON SIGNALED INTERSECTION
  • 100% OCCUPIED
  • CHURCH'S CHICKEN OUTPARCEL RESTAURANT NATIONAL TENANT
  • 39,000 DAILY TRAFFIC
  • 253,685 POPULATION
  • 5 SPACES PER 1,000 SF PARKING

OVERVIEW

Retail Strip Shopping Center with National Tenant Restaurant Outparcel for Sale on Signaled Intersection of US-1 and SW 216th Street, in the fast-growing Goulds/Cutler Bay area of Miami, Florida. The shopping center is 24,626 SF and sits on 2.71 Acres, providing excellent visibility to 38,000 cars per day on US-1 and on SW 216th St. Tenants include Church's Chicken Outparcel National Restaurant Tenant, and Ten junior complimentary tenants. The shopping center is being offered at a 5.8% Market Cap Rate and is 100% Occupied with stable tenants. This is an excellent investment for a buyer seeking a stable income. Located 1-mile South of the Florida Turnpike at Caribbean Boulevard and the New "Southplace City Center" at Southland Mall. A full Offering Memorandum is available upon request.

FOR SALE DETAILS

PRICE

$7,900,000 USD

PRICE/SF

$388 USD /SF

CAP RATE

5.83%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

GOULDS SHOPPING PLAZA FOR SALE ON US-1

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

100

LAND DETAILS

LAND ACRES

2.71 AC

LAND SF

118,048 SF

ZONING

BU-1A

APN/PARCEL ID

30-6007-000-0250

ASK ABOUT THIS PROPERTY

Marlen CruzCruz Commercial Realty, Llc.More Info
305-316-5098

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Marlen CruzCruz Commercial Realty, Llc.More Info
305-316-5098

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.