260 Crandon Blvd #C39

KEY BISCAYNE, FL 33149
$1,395,000
Courtesy of E. L. S. Realty Corp.

Description

For Sale | Retail Condo | 1,044 Square Feet | Investment | 5.54% Cap Rate PROPERTY OVERVIEW: • Price $1,500,000 • Type: Investment • Unit: C39 • Unit Size: 1,044 SF • # of Floors: 2 • Property Type: Retail DETAILS: • Own a slice of Key Biscayne • 5.96% Cap Rate • 3% Annual Rental Increases • Fully NNN. Tenant reimburses for all expenses • Minimal owner responsibilities • Same Tenant since 2013 • 2.5 years left on Term • Current NOI $83,158.47 INVESTMENT HIGHLIGHTS: • Part of 32,028 square foot shopping center. • Other Tenants in the shopping center include Iberia Bank, Bank of America, and many restaurants and retailers. • High barrier of entry in the market with an affluent, captive customer base.

  • Construction Details
    • Type & Style
      • Property type:Purchase
    • Condition
      • Year built:1981
  • Community and Neighborhood Details
    • Location
      • County:Miami-Dade County
  • Other
    • Source
      • MLS #:A11134650

Location

Marjo Realty Co.Real Estate Group
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