11601 SW 216 St, Miami FL 33170,Miami,Miami-Dade County,Commercial Sale

  • $7,900,000
11601 SW 216 St, Miami FL 33170

Overview

  • Retail
  • Property Type
  • 1985
  • Year Built

Description

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. 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 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.

Details

Updated on April 20, 2024 at 11:53 pm
  • Price: $7,900,000
  • Year Built: 1985
  • Property Type: Retail
  • Property Status: Commercial Sale

Additional details

  • StreetDirPrefix: SW
  • PublicSurveyRange: 60
  • ShowingInstructions: Appointment Only, Call Listing Agent
  • ListAgentKey: 52f2985777e1e168b13d1c3c63b3596a
  • TaxLegalDescription: 7 56 40 & 12 56 39 2.71 AC M/L SW1/4 OF SW1/4 OF SW1/4 OF SW1/4 LESS SR #5 & LESS S55FT & N25FT & SE1/4 OF SE1/4 OF SE1/4 LYG SELY SR #5 LES
  • OnMarketDate: 2024-04-19
  • ListAgentEmail: cruzmarlen@aol.com
  • ContractStatusChangeDate: 2024-04-19
  • MajorChangeTimestamp: 2024-04-20T17:05:52.410Z
  • PhotosCount: 6
  • SubAgencyCompensation: 1.5%
  • Cooling: Central Individual A/C
  • StatusChangeTimestamp: 2024-04-20T17:05:52.410Z
  • FinancialDataSource: Owner Provided, Projected Pro-Forma
  • BuildingName: GOULDS SHOPPING PLAZA
  • PriceChangeTimestamp: 2024-04-19T22:25:40.973Z
  • ListingKeyNumeric: 394801082
  • MajorChangeType: New
  • ListingContractDate: 2024-04-19
  • ListAOR: A-Miami Association of REALTORS
  • TaxAnnualAmount: 68005
  • ListOfficeName: Cruz Commercial Realty, LLC
  • CurrentUse: Retail
  • OriginatingSystemKey: miamire
  • BusinessType: Shopping Center
  • DualVariableCompensationYN: no
  • PhotosChangeTimestamp: 2024-04-20T17:28:17.150Z
  • OriginatingSystemName: Miami Association of REALTORS®
  • ListOfficePhone: 305-316-5098
  • MlsStatus: Active
  • StreetNumber: 11601
  • GrossScheduledIncome: 475100
  • ListingKey: 321e409aa1be7b60d95f31d8f1be4f4b
  • StateOrProvince: FL
  • ShowingContactType: Agent
  • ListOfficeKey: 8598cd86b7bac4aa55c8ee4e03fdea75
  • Directions: Florida Turnpike Exit 12 at Caribbean Blvd. and head South on US-1 to Signaled Intersection on SW 216th Street. The Shopping Center is on the East side of US-1.
  • BridgeModificationTimestamp: 2024-04-20T17:28:17.159Z
  • ListAgentFullName: Marlen Cruz
  • Roof: Concrete
  • ListAgentOfficePhone: 305-316-5098
  • Stories: 1
  • GrossIncome: 600252
  • ParcelNumber: 30-60-07-000-0250
  • ListingTerms: All Cash, Conventional/Refinance
  • OperatingExpense: 137651
  • SignOnPropertyYN: no
  • OtherExpense: 125152
  • IDXParticipationYN: yes
  • InternetAddressDisplayYN: yes
  • ListAgentMlsId: 3242993
  • StoriesTotal: 1
  • ModificationTimestamp: 2024-04-20T17:23:53.267Z
  • OriginatingSystemID: miamire
  • DaysOnMarket: 1
  • BuyerAgencyCompensationType: %
  • NetOperatingIncome: 460527
  • ListOfficeMlsId: CRZC01
  • Inclusions: Building & Land
  • ListAgentDirectPhone: 305-316-5098
  • StreetNumberNumeric: 11601
  • ParkingFeatures: Common
  • PostalCodePlus4: 2933
  • NumberOfUnitsInCommunity: 0
  • Sewer: Public Sanitation
  • SyndicationRemarks: 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. 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 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.
  • StructureType: Commercial
  • ListAgentStateLicense: 3242993
  • PublicSurveyTownship: 60
  • ListOfficeFax: 786-231-8901
  • ListingAgreement: Exclusive Right To Sell
  • PublicSurveySection: 7
  • ListingId: A11573040
  • SpecialListingConditions: Sale
  • NumberOfBuildings: 2
  • OriginalListPrice: 7900000
  • BuildingAreaUnits: Square Feet
  • InternetEntireListingDisplayYN: yes
  • BuyerAgencyCompensation: 1.5%
  • InternetAutomatedValuationDisplayYN: no
  • OriginalEntryTimestamp: 2024-04-20T17:05:52.410Z
  • SourceSystemKey: 394801082
  • Ownership: Self Proprietor/Individual
  • LotSizeSquareFeet: 117967
  • Electric: Separate Meters
  • InternetConsumerCommentYN: no
  • BuildingAreaTotal: 24624
  • Address 216 St
  • City Miami
  • State/county Miami-Dade County
  • Zip/Postal Code 33170

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