3300-3320 W 84th St - Storefront FOR SALE


Hialeah, FL 33018
$16,000,000 USD
954-487-1097
3300-3320 W 84th St, Hialeah, FL for Sale
$16,000,000 USD
Storefront - FOR SALE
1/16
null | 6% Cap Rate

3300-3320 W 84th St
Hialeah, FL 33018


HIGHLIGHTS

  • Miami MSA, Retail Strip Center 100% Occupied Strip Center, seconds from I-75 in Hialeah, FL.
  • Zero Capital Expenditures Needed • Roof Replaced in 2019 and includes a 20 year warranty. • Exterior Renovation in 2024
  • Internet Resistant Tenant Mix Great mix of Retail Tenants like Subway and Medical Tenants like Pasteur Medical
  • Outparcel Included Pasteur occupies 100% of the 7,200 SF Outparcel Building, which has an existing drive-thru window
  • Below Market Rents • Average Rent at the center: $25.07 PSF • Average Market rent: $35 PSF • Percentage Difference: +- 40% • Low WALT of 2.14
  • Center provides 173 Parking Spaces, which is a healthy 5/1,000 SF Ratio • Great Access and Location • Strong Neighboring Retail Mix

OVERVIEW

Franklin Street, as exclusive broker, is pleased to present the opportunity to acquire Paraiso Plaza II, a 34,013 SF strip center 100% leased to a diverse mix of essential service retail tenants like Subway, and medical tenants in Hialeah, FL . The property is ideally located adjacent to a Publix owned and anchored Shopping Center and McDonald’s outparcel, with access to Hialeah Gardens Blvd which has exits/entrances to I-75 that sees over 155,000 VPD. Paraiso Plaza II offers investors stabilized cash fl ow from both local and national tenants, with healthy rent increases throughout their term. There is tremendous upside in bringing rents to market throughout the hold period, in a market with a 1% Vacancy Rate. This is a unique opportunity to acquire a Class A Strip Center in the Miami MSA, with below market rents and tremendous location.

FOR SALE DETAILS

PRICE

$16,000,000 USD

PRICE/SF

$470 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Paraiso II

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.06 AC

LAND SF

133,294 SF

ZONING

6400:COMME

APN/PARCEL ID

04-2028-063-0040

ASK ABOUT THIS PROPERTY

Justin WalkerFranklin StreetMore Info
954-487-1097

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Justin WalkerFranklin StreetMore Info
954-487-1097

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