RETAIL FOR SALE NEW CONSTRUCTION LITTLE RIVER RETAIL 9150 NW 22 AVE, Miami, FL 33147 Stefano Santoro Executive This information has been secured by DWNTWN Realty Advisors, LLC. from sources believed to be reliable. It is not guaranteed, however, and should be verified prior to consummating any (C) 732.241.1940 (O) 786.294.6422 ss@dwntwnrealtyadvisors.com
LITTLE RIVER RETAIL EXECUTIVE SUMMARY SALE PRICE $750,000 OFFERING SUMMARY Cap Rate: 8.66% NOI: $64,976 Lot Size: 17105 Year Built: 2017 Building Size: 4,098 SF PROPERTY OVERVIEW Fully Stabilized, Newly Construction Retail Strip Center in the heart of the historical West Little River District of Miami's Urban Core. Diverse mix of tenants have 1 year leases with a 1 year option at above market rent for the area. PROPERTY HIGHLIGHTS New Construction 15 Parking Spaces 4 Tenants Micro Retail Quality Tenants Zoning: 6061 UC CENTER - MIXED USE CORRIDOR (MC) 4 MAX HT Price / SF: $183.02
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DEMOGRAPHICS MAP POPULATION 1 MILE 2 MILES 3 MILES Total population 19,299 76,317 186,370 Median age 36.6 34.3 35.0 Median age (male) 32.9 31.2 32.6 Median age (Female) 39.1 36.2 37.0 HOUSEHOLDS & INCOME 1 MILE 2 MILES 3 MILES Total households 6,032 23,488 58,282 # of persons per HH 3.2 3.2 3.2 Average HH income $39,938 $37,984 $39,391 Average house value $198,113 $227,702 $247,371 * Demographic data derived from 2010 US Census
INCOME & EXPENSES INCOME SUMMARY WEST LITTLE RIVER FINANCIALS Tax Services $20,400 Floral Shop $19,200 Bridal Shop $19,200 Hair Salon $20,400 Gross Income $79,200 EXPENSE SUMMARY WEST LITTLE RIVER FINANCIALS Sales Tax $3,864 Waste Removal $3,060 Fire & Liability Insurance $1,300 Common Area Electric $588 Real Estate Tax $6,000 Gross Expenses $14,812 Net Operating Income $64,976 Enter comments here...
RENT ROLL TENANT UNIT UNIT LEASE LEASE ANNUAL % OF PRICE NAME NUMBER SIZE (SF) START END RENT GLA PER SF/YR Tax Services 1,024 2/1/2018 2/1/2019 $20,400 24.99 $19.92 Floral Shp 1,024 2/1/2018 2/1/2019 $19,200 24.99 $18.75 Bridal Shop 1,024 2/1/2018 2/1/2019 $19,200 24.99 $18.75 Hair Salon 1,024 2/1/2018 2/1/2019 $20,400 24.99 $19.92 Totals/Averages 4,096 $79,200 $19.34
LISTING AGENT LISTING AGENT STEFANO SANTORO Executive 7215 NE 4th Avenue Miami, FL 33138 T 786.294.6422 C 732.241.1940 ss@dwntwnrealtyadvisors.com PROFESSIONAL BACKGROUND After nearly $2 billion of successful real estate transactions in New York City and the South Florida, the team at DWNTWN Realty Advisors has the right experience to provide the ever-changing Miami marketplace with strategic leadership in the field of investment properties. Our full-service investment advisory brokerage firm provides buyers and sellers with unparalleled market insight, boutique service, and tailored strategies to realize each client s unique goals. From individual investors to major banks and funds, we provide every client with the same level of professional service regardless of the transaction s value. DWNTWN specializes in the sale and acquisition of investment-grade commercial properties such as retail centers, hotels, multifamily, office, industrial, fractured condos and land/development sites. We also provide distressed real estate and distressed note opportunities through our Distressed Assets team, which develops strategies for troubled properties that garner superior results. EDUCATION Fordham University, New York, NYC 2006 Bachelors in Science Fordham University, New York, NYC 2015 Masters in Business Administration MEMBERSHIPS & AFFILIATIONS Fordham University Alumni Chapter of South Florida Fort Lauderdale Chamber of Commerce Miami Beach Chamber of Commerce