17325 NW 27Th Ave Miami Gardens, FL 33056
Mixed-use building with stable cash flow in growing neighborhood.
Lot size:
0.90 AcresProperty Features for 17325 NW 27Th Ave
General Information
- Lot size
- 0.90 Acres
Building Details
- Year built
- 1989
Source:
Elliman
Listing Agent: Maydelin Castillo Florez
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Mixed-Use Building For Sale
This mixed-use building, constructed in 1989, offers a total building size of 24,964 square feet on a 39,204 square foot lot. The property is 100% occupied and features all triple net leases with a cap rate of 7.03%. It includes 85 parking spaces, one elevator, and two staircases. Recent upgrades include a new roof, LED lighting, surveillance cameras, and an LED monument sign. Located in a rapidly growing neighborhood, the property provides strong and stable cash flow for potential investors. There is upside potential through leasing the remaining unit and adjusting rents via multiple short-term leases. Annual escalations in the triple net leases provide strong rent growth for a potential buyer. This investment represents a unique opportunity to own a mixed-use building with small spaces that can be easily rented out.
Location Intelligence
Current Use by Public Records
Office space
Location Insight
- Map
- Local Demand
- City
- Miami Gardens
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.244332
- Latitude
- 25.93246
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Mixed-use building with stable cash flow in growing neighborhood.
Where is this mixed-use property located?
The property is located at 17325 NW 27Th Ave Miami Gardens, FL.
What is the asking price?
The asking price for this property is $6,950,000.
What are key features of this property?
This property features: - 100% Occupied with Triple Net Leases: Provides immediate and stable cash flow.; - 7.03% Cap Rate: Represents a strong return on investment.; - Upside Potential: Opportunity to increase revenue by leasing the remaining unit and adjusting rents.