3120-3138 - Retail FOR SALE


Coconut Grove, FL 33133
$18,990,000 USD
786-235-8330
3120-3138, Coconut Grove, FL for Sale
$18,990,000 USD
Retail - FOR SALE
1/19
null | Request Cap Rate

3120-3138
Coconut Grove, FL 33133


HIGHLIGHTS

  • Absolute Long Term NNN Ground Lease Land
  • Bond-Like (30-Yr TIPS) alternative with 3% Compound Increases and CPI Protection
  • Irreplaceable Real Estate
  • Building is Under Current Demolition order from City of Miami // Ground Tenant is in Default
  • Live Local Eligible

OVERVIEW

DWNTWN Realty Advisors is pleased to present a core Coconut Grove NNN ground-leased investment—offering a fee simple interest in 19,325 SF of land with a 99-year ground lease (approximately 92 years remaining). The property is improved by a 37,581 SF, four-story mixed-use building located at 3120–3138 Commodore Plaza, in the central core of one of Miami’s most revered townships. The long-term lease features 3% annual compound increases and CPI protection, delivering stable, inflation-hedged income in a premier location surrounded by luxury residences, fine dining, and a thriving commercial scene. With strong in-place income and built-in rent growth, this generational asset offers durable and predictable cash flow with safe-haven characteristics in one of South Florida’s most supply-constrained, high-barrier-to-entry markets.

FOR SALE DETAILS

PRICE

$18,990,000 USD

PRICE/SF

$505 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Commodore Plaza

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.43 AC

LAND SF

62,073 SF

ZONING

T5-O

APN/PARCEL ID

01-4121-032-0009

ASK ABOUT THIS PROPERTY

Tony ArellanoDWNTWN Realty AdvisorsMore Info
786-235-8330

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Tony ArellanoDWNTWN Realty AdvisorsMore Info
786-235-8330

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