2120 SW 32nd Ave - Freestanding FOR SALE


Miami, FL 33145
$19,295,214 USD
786-453-3171
2120 SW 32nd Ave, Miami, FL for Sale
$19,295,214 USD
Freestanding - FOR SALE
1/7
null | 4.75% Cap Rate

2120 SW 32nd Ave
Miami, FL 33145


HIGHLIGHTS

  • 100% Complete Gut Renovation Completed in 2024
  • Strong Corporate Guaranteed
  • Absolute NN
  • Long-Term Lease
  • Major Retail Thoroughfare
  • Tax-Free State

OVERVIEW

Manny ChamizoIII/ONE Sotheby's International Realty is pleased to present an exclusive Investment Offering for a single tenant retail building leased to CVS Health Corporation/Navarro Company (“Tenant”) at 2120 SW 32nd Avenue, Miami, FL 33145 (“Property”). The site is located just at the outskirts of Coral Gables central business district. Coral Gables is known as one of the most affluent submarkets in Miami-Dade County. This opportunity consists of a freestanding building located adjacent to other national tenants along a major thoroughfare. The property will provide an investor the op-portunity to acquire a 23,519 SF building on almost 2 acres of land (1.95 acres). The current lease is a brand new 15 year lease showing their commitment to the site, followed by 8 five year renewal periods, a 5% rental increase in every option.

FOR SALE DETAILS

PRICE

$19,295,214 USD

PRICE/SF

$810 USD /SF

CAP RATE

4.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

NEWLY RENOVATED - MAJOR FORTUNE 500 NN RETAIL

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

65

LAND DETAILS

LAND ACRES

1.95 AC

LAND SF

84,938 SF

ZONING

6101

APN/PARCEL ID

01-4109-012-0031

ASK ABOUT THIS PROPERTY

Manny Chamizo IIIONE Sotheby's International RealtyMore Info
786-453-3171

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Manny Chamizo IIIONE Sotheby's International RealtyMore Info
786-453-3171

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