Newly renovated and fully stabilized triple net core retail investment property. The asset provides 26,947 square feet of rentable retail space evenly distributed over two buildings with grade parking. Developed by MV Group USA, the fully occupied property offers a robust merchandising plan with a well-balanced mix of new national credit tenants and tenured local tenants. Join fifteen food and beverage, health and beauty, medical, service, and specialty tenants with an average lease term of over 10 years remaining. All new leases include 3% yearly increases and some offer renewal options. The sale carries a $9 million seller financing loan at 4.5% for three to five years.

This listing is courtesy of Dwntwn Realty Advisors LLC.

More detailed information, including prior sales, lot and building square footage per the county, zoning, traffic maps, nearby businesses, and more related to the Miami-Dade county property folio associated with this commercial property listing, which in most cases would be for the listed property, is displayed below. This is not provided by the listing broker or agent, but is information obtained independently from the county for the folio number 0531190130020 entered for this listing by the listing broker / listing agent. Importantly, always verify information. This county information is not updated regularly. Thus, some of the information may have changed since it was obtained. Information herein is provided on a best efforts basis only. Do not rely on it to make an investment decision.

Miami-Dade County Information for Folio 05-1190-013-0020 (0531190130020)*
Links to Miami-Dade Lot Outline, Aerial Views, Tax Records
Property Location*
Address: 1 S Royal Poinciana Blvd
City: Miami Springs
State: Florida
Zip Code: 33166-6058 (Listings)
County: Miami-Dade (Listings)
  -
Building Size - English*
Living Square Feet: 15,776
Actual Square Feet: 15,776
Adjusted Square Feet: 15,140
  -
Lot Size - English*
Lot Size (sf): 18,730
Lot Size (acres): 0.43
  -
Building Size - Metric*
Living Square Meters: 1,465.64
Actual Square Meters: 1,465.64
Adjusted Sq M: 1,406.55
  -
Lot Size - Metric*
Lot Size (sq m): 1,740
Lot Size (ha): 0.17
  -
Zoning & Land Use*
Land Use: 1111 - Store : Retail Outlet
Zoning: 6400 - Commercial - Central
Municipal Zoning: B-1 (Miami Springs)
All Listed | All Properties
  -
Prior Sale*
Type: Religious, charitable or benevolent organization
Qual: U
Date: 01/10/2022
Amount: $2,800,000
  -
Prior Sale #2* (Second to Last)
Type: Sales type info not available
Qual: Q
Date: 10/01/1994
Amount: $675,000
  -
Taxable Values*
Tax Year: 2023
Land: $800,708
Building: $776,487
Total: $1,577,195
Assessed: $1,577,195
County Taxable: $1,577,195
City Taxable: $1,577,195
Mill Code: 0500
  -
Ownership*
Owner 1: Flagler Ponce Development Llc
Mailing Address: 1200 Brickell Ave 600
Mailing City: Miami
Mailing State: Fl
Mailing Zip: 33131
Mailing Country: USA
  -
Building Information*
Stories: 1
Year Built: 1945
Effective Year Built: 1945
Extra Features 1: Chill Water A/c (aprox 300 Sqft/ton)
Extra Features 2: Cooler Room - Refridgeration (200 Sqft/ton)
Extra Features 3: Cooler Room - Area - Used With X/f #15
  -
Legal Description*
Legal Description Concatenated: 19 53 41 .43 AC REV PL OF PT OF SEC 2 OF COUNTRY CLUB ESTS PB 34-40 TRACT B BLK 85 LOT SIZE 18730 SQUARE FEET OR 16636-0625 1094 1

*This Miami-Dade county folio information was recently obtained for the folio number entered on this listing by the listing broker, which usually is correct, but not always. This information is not represented as or warranted to be accurate or current. Verify this and all information about this property independently. Do not rely on it to make an investment decision.