NNN SHOPPING CENTER-21925

 
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Matthew Jacocks

Capital Commercial Real Estate Group

Office Phone: 954-455-3366262

Cell Phone: 305-335-4144

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Published on: Monday, June 16, 2014 12:03:26 PM
Updated on: Monday, June 16, 2014 12:08:02 PM
Purchase with B2B
Purchase with B2B
 Purchase with Business to Business
Quick Glance

Listing ID: CL-Florida-30811

Status: Accepting Offers

Financing: No Financing Available

Occupancy: 100%

Year Build: 2014

 

Building Size: 22,000 SqFt

Lot Size: 41,000 SqFt.

No of Stories: 1

No of Parking: 0

Business Available for Sale: No

Is Net Lease Investment: Yes

Property On Ground Lease: No

Building Status: Existing

 Details

Offer to Millionaire Club: No

Listing Summary: INVESTMENT OVERVIEW Capital Commercial Real Estate Group, Inc, is proud to market retail plaza in Doral, Miami/Dade County. This property is +/-41,000 SF with 22,000 net leasable square feet. The retail portion is +/- 22,000 SF. This plaza offers investors a unique opportunity to acquire newly constructed class "A "property in a rarely offered community in central Doral nestled in a Class "A" neighborhood. INVESTMENT HIGHLIGHTS - Dense upper income trade area- Submarket has shown strong stability in occupancy and above-average market rental growth over past five years- NNN Leases - Low Management and minimal capital investment - Low Vacancy Rate and Competition - Daily Traffic Count is 45,751. Aggregate second year NOI increase of 5% - Renewal annual increases of average 8%. This property is located in the City of Doral east of Florida Turnpike and west of the Palmetto Expressway. The property is centrally located in the heart of Doral by Trump Doral Gold Resort, Doral Country Club, s

Acquisition Option Selected: Traditional Purchase

Cap Rate (%): 4

Commission Split (%): 1

Complete Details


Year Build: 2014

Building Size: 22,000 SqFt.

No of Stories: 1

Total Lot Area: 41000.00 SqFt.

No of Parking: 0

No of Total Units: 0

Property Current Status: Normal Sale

Building Status: Existing

Heating and Cooling: Not Specified

Building Class: Not Specified

Property on Ground Lease?: No

Net Lease Investment?: Yes

Business Price Included?: No

Roofing: Not Specified

Occupancy: 100%

Full Description


INVESTMENT OVERVIEW Capital Commercial Real Estate Group, Inc, is proud to market retail plaza in Doral, Miami/Dade County. This property is +/-41,000 SF with 22,000 net leasable square feet. The retail portion is +/- 22,000 SF. This plaza offers investors a unique opportunity to acquire newly constructed class "A "property in a rarely offered community in central Doral nestled in a Class "A" neighborhood. INVESTMENT HIGHLIGHTS - Dense upper income trade area- Submarket has shown strong stability in occupancy and above-average market rental growth over past five years- NNN Leases - Low Management and minimal capital investment - Low Vacancy Rate and Competition - Daily Traffic Count is 45,751. Aggregate second year NOI increase of 5% - Renewal annual increases of average 8%. This property is located in the City of Doral east of Florida Turnpike and west of the Palmetto Expressway. The property is centrally located in the heart of Doral by Trump Doral Gold Resort, Doral Country Club, suburban communities with multiple high-end residential projects.

Additional Properties


Property Tenants
  • NNN LEASES
Property Highlights
  • +/-41,000 SF with 22,000 net leasable square feet
  • Submarket has shown strong stability in occupanc
  • above-average market rental growth over past five years
  • Low Management and minimal capital investmen
Features
  • Class "A" neighborhood
  • Daily Traffic Count is 45,751

Actual - Cash Flow


Cash Flow Year Gross Income Effective GrossIncome Operating Expenses Net Operating Income Pre Tax Cash Flow Cap Rate
2014
$769,541.00
$0.00
$141,756.00
$627,785.00
$0.00
0%
Cash Flow for Current Listings
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