Costantini VIP Realty

Serving the Miami-Dade, Broward and Palm Beach Counties

 

Property Description

For Sale | Retail Condo | 1,044 Square Feet | Investment | 5.54% Cap RaternrnPROPERTY OVERVIEW:rn• Price $1,500,000rn• Type: Investmentrn• Unit: C39rn• Unit Size: 1,044 SFrn• # of Floors: 2rn• Property Type: RetailrnrnDETAILS:rn• Own a slice of Key Biscaynern• 5.96% Cap Ratern• 3% Annual Rental Increasesrn• Fully NNN. Tenant reimburses for all expensesrn• Minimal owner responsibilitiesrn• Same Tenant since 2013rn• 2.5 years left on Termrn• Current NOI $83,158.47rnrnINVESTMENT HIGHLIGHTS:rn• Part of 32,028 square foot shopping center.rn• Other Tenants in the shopping center include Iberia Bank, Bank of America, and many restaurants and retailers.rn• High barrier of entry in the market with an affluent, captive customer base.

Features
: Common
Address Details
FL
Miami-Dade County
Key Biscayne
33149
260 Crandon Blvd # C39
0
Other
113
1
: Sale
$12,674
6100

Commercial Sale For Sale

260 Crandon Blvd # C39, Key Biscayne, Florida 33149

32,028 Sqft
$1,395,000
Listing ID #A11134650
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : A11134650
Price : $1,395,000
Year Built : 1981
Lot Area : 32,028 Sqft
Building Area : 32,028 Sqft
Status : Active
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