Strip Centers, Shopping Malls, Commercial Real Estate In Florida
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A10541209
Commercial Property for sale in Miami, FL for $5,200,000. This building was built in 1997 on a lot size of 20250.
Property Information
$5,200,000
Commercial
Taxes are $32,973
Free Standing
Active
Lot size of 20250
Built in 1997
Miami, FL
Coral Way Neighborhood
Miami-Dade County
MLS/Web ID is A10541209
Just Listed
Please email for Offering MemorandumLombardi Properties is pleased to present the opportunity to acquire 2055 SW 8 Street ('2055' or the 'Property'), a 7, 272-square foot retail center on a 20, 250-square foot site in the heart of Little Havana in Miami, Florida. 2055's owners recently signed leases with Sanguich, a contemporary Cuban sandwich concept and Sprint Corporate. The Property is currently 100% leased to seven tenants, 55% being legacy tenants providing substantial rental upside, with expiring leases over the next several years. Through this opportunity 2055 should achieve a 12% growth in NOI by year 3 and 32% growth in NOI by year 5.
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