Two Shopping Retail Strip Centers Available in South Florida
Hello,
I have a fellow agent that reached out to me about 2 shopping centers that he put on the market. Fully renovated in 2014. These centers are fully leased and in great locations with high traffic. I figured there might be someone out there interested in one or both properties. Here is the general information. Please contact me with any additional questions. Thank you!
Shopping Center 1:
Type: Shopping Retail Strip Center
Size: 15,502 SF
Land: 27,225 SF (0.625 Acres)
Location: Hialeah, Florida
New Price: $4,500,000
Cap Rate: 5.50% Current.
HIGHLIGHTS:
Rare, 15,502 SF at the heart of Hialeah
2 Story updated Retail Shopping Center in Hialeah with strong demands for spaces
Famous Strip Center with Strong Historical Occupancy and with one Government Tenant
Short Term Leases Allow for upgrading Tenant Mix
Several Below Market Rents and Underutilized End Cap Storefronts
57,000 Daily Traffic Count, 100% Rented, with a True Upside for a strong CAP return.
3 per 1,000 RSF Parking Ratio (Total 43 Parking Spaces)
Signalized Corner Location, High Visible Property.!!!!
Extremely Densely Populated Sub-market Population in Hialeah
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Shopping Center 2:
Type: Shopping Strip Center
Size: 15,167 SF ( with approx. 3,300 SF New Building)
Land: 43,980 SF + 12,901 SF option to Buy more land
Location: Hollywood, Florida
New Price: $5,525,000
Cap Rate: 5.00% with great true upside to be increase more.
HIGHLIGHTS:
Rare, 15,167 Sq Ft Hollywood Shopping Center
Small Bay Strip Center with Strong Historical Occupancy and with strong National Tenants
Short Term Leases Allow for upgrading Tenant Mix
Several Below Market Rents and Underutilized End Cap Storefronts
51,300 Daily Traffic Count
4.14 per 1,000 RSF Parking Ratio (Total 59 Parking Spaces)
Signalized Corner Location
Extremely Densely Populated Submarket Population