5655 NORTHWEST 195TH DRIVE Miami Gardens FL 33055

Marcus & Millichap is pleased to present the opportunity to acquire a fully stabilized multi-tenant retail asset located at 5655 Northwest 195th Drive in Miami Gardens, FL.​ Offered at $1,400,000, this 8,968-square-foot building sits on a 23,096-square-foot parcel and provides a 6.51 percent capitalization rate based on a current Net Operating Income of $91,178.​

Constructed in 1986, the subject property features a highly functional layout demised into 11 physical bays.​ The facility is currently configured to accommodate eight distinct retail tenants, maximizing the 7,821 square feet of net leasable area.​ The site provides 24 surface parking spaces, equating to a ratio of 2.68 spaces per 1,000 square feet, and benefits from its BU-2 zoning classification.​

Strategically positioned within the thriving Miami Gardens submarket, the asset benefits from strong local demographics and robust daily traffic counts.​ The surrounding trade area exhibits a high demand for neighborhood retail services, which creates a highly competitive leasing environment.​ This advantageous market positioning ensures a captive consumer base and provides a durable competitive edge, catering perfectly to the localized retail needs of the rapidly growing community.​

The financial structure is currently based on gross leases, generating an annual rental income of $144,000.​ At a pricing of $179.01 per net leasable square foot, the asset presents a compelling investment basis well below replacement cost.​ Furthermore, the property's established presence within a dense commercial corridor offers a clear pathway to capture future market rent growth, securing the asset's long-term value as a premier South Florida retail investment.​

• Compelling Basis: Acquired at just $179/SF, significantly below today’s replacement cost

• Efficient Small-Bay Layout: Optimized for tenant demand with 6 of 8 suites averaging ~711 SF, ideal for service-oriented and neighborhood retail users

• Recent Capital Improvements: 2024 building recertification completed

• Dense Infill Trade Area: Serves a 25,874-person population within a 1-mile radius