Listed by Fausto Commercial, Fausto Commercial Realty Consultants
$5,000,000
Retail Building Outside Brickell
Details
APN 01-0206-000-1060
Property Type Mixed Use, Retail
Sub Type Restaurant, Storefront
Square Footage 4,176
Net Rentable (SqFt) 3,890
Units 3
Cap Rate 1.84%
NOI $91,920
Occupancy 100%
Tenancy Multi
Lease Type Modified
Lease Expiration 06/14/2033
Remaining Term 6.9
Rent Bumps Yes
Lease Options 0
Pro-Forma Cap Rate 4.03%
Pro-Forma NOI $201,600
Price per SqFt $1,197
Broker Co-Op Yes
Class B
Year Built 1980
Buildings 1
Stories 2
Lot Size (SqFt) 7,000
Zoning T6-8-O
Investment Type Value Add
8th Street Mixed-Use Commercial just Outside Brickell
Marketing description
Mixed Use West Brickell Investment Opportunity. In the shadow of American’s fastest growing CBD and on obvious path of development, this property provides a certain path of value and income growth with a redevelopment opportunity at exit. Currently there is a single restaurant tenant on the ground floor, housed in a fully built-out kitchen with additional working commissary kitchen; and on 2nd floor there is are two residential units.
All spaces are below rent but the residential can be brought to market immediately and the restaurant space by early 2027.
T-6-8-O zoning allows up to 24 units and 8 stories.
Investment highlights
Clear Path to Higher Returns
Strong Visibility and Traffic Corridor
Redevelopment Potential
Value Add
Brickell Adjacent
8 Street Frontage
Listing Contacts
Listed by Fausto Commercial, Fausto Commercial Realty Consultants
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$91,920.00
$7,660.00/mo
Valuation Metrics
0
DSCR
1.84%
Cap Rate
1.84%
ROI
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