1960 NE 123 ST, NORTH MIAMI, FL
Shopping Center for Sale - $2,000,000 - 4,680 Sq. Ft. on 0.25 acres
Property Info
| CIMLS# | 908989 |
| Location 1960 NE 123 ST NORTH MIAMI FL 33181 | |
| Updated | March 18th, 2017 |
| Type | Shopping Center |
| Price | $2,000,000 |
| Building | 4,680 Sq. Ft. |
| Land | 0.25 acres |
Property Description
Strip center with great visibility and frontage. Located off Biscayne Blvd and the entrence to Bal Harbour. This is a high traffic retail area . Close proximity to many national stores and multiple big boxes. There is a high density of high-rise condos and apartments. Property consist of six bays and is 100% occupied .Neighboring property sold for $747/SF.
Location Description:
Strip center with great visibility and frontage. Located off Biscayne Blvd and the entrence to Bal Harbour. This is a high traffic retail area . Close proximity to many national stores and multiple big boxes. There is a high density of high-rise condos and apartments. Property consist of six bays and is 100% occupied .Neighboring property sold for $747/SF.
Highlights:
>> Signage
>> Upside-Rents below market
>> Currently $21/SF, Market $44/SF NNN
>> 24 parking spaces
>> Traffic count 21,000
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Financials
Sales Info:
>> Cap rate: 4.0%
>> NOI: $81247