RETAIL FOR SALE - LoopNet...Retail Property For Sale. Located on one of the busiest corners in...
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2814 NW 17 AVE, Miami, FL 33142 RETAIL FOR SALE PROPERTY OVERVIEW Retail Property For Sale. Located on one of the busiest corners in Allapattah. NW 17th ave is a main channel of communication that connects Allapattah's busiest commercial, retail, industrial and residential areas. This can be purchased with 2828 NW 17th ave which is contiguous to the North and is asking $1,300,000. PROPERTY FEATURES Great retail location! Centrally Located 1.5 miles West of Wynwood. Fronting NW 17 AVE Established Accountant/Income Tax Consultants Second tenant in 980 SF warehouse in the rear Main Tenant would like to leave once property is sold. $2,500/month rent is pro forma based on market rents in the area. SALE PRICE: $1,000,000 CAP RATE: 3.57% NOI: $35,681 LOT SIZE: 0.17 Acres BUILDING SIZE: 2,272 SF YEAR BUILT: 1940 MARKET: South Florida ZONING: T6-8 O SUB MARKET: Allapattah KW COMMERCIAL 11420 N. Kendall Dr., Ste. 207 Miami, FL 33176 www.kwcommercial.com We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction. JORGE FERNANDEZ-PLA, CCIM, MBA Director- Commercial Sales & Investments 0 786.433.2939 C 786.433.2939 [email protected] FL #3220032
Transcript of RETAIL FOR SALE - LoopNet...Retail Property For Sale. Located on one of the busiest corners in...
2814 NW 17 AVE, Miami, FL 33142
RETAIL FOR SALE
PROPERTY OVERVIEWRetail Property For Sale. Located on one of the busiest corners inAllapattah. NW 17th ave is a main channel of communication thatconnects Allapattah's busiest commercial, retail, industrial andresidential areas. This can be purchased with 2828 NW 17th avewhich is contiguous to the North and is asking $1,300,000.
PROPERTY FEATURESGreat retail location!
Centrally Located
1.5 miles West of Wynwood.
Fronting NW 17 AVE
Established Accountant/Income Tax Consultants
Second tenant in 980 SF warehouse in the rear
Main Tenant would like to leave once property is sold.$2,500/month rent is pro forma based on market rents in thearea.
SALE PRICE: $1,000,000
CAP RATE: 3.57%
NOI: $35,681
LOT SIZE: 0.17 Acres
BUILDING SIZE: 2,272 SF
YEAR BUILT: 1940
MARKET: South Florida
ZONING: T6-8 O
SUB MARKET: Allapattah
KW COMMERCIAL11420 N. Kendall Dr.,Ste. 207Miami, FL 33176
www.kwcommercial.com
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.
JORGE FERNANDEZ-PLA, CCIM, MBADirector- Commercial Sales & Investments0 786.433.2939C [email protected] #3220032
2814 NW 17 AVE, Miami, FL 33142
2814 NW 17 AVE
RETAIL FOR SALE
TENANTNAME
UNITSIZE (SF)
MARKETRENT
ANNUALRENT
PRICEPER SF/YR
Tenant 1 980 $14,400 $14.69
Tenant 2 1,292 $30,000 $23.22
TOTALS/AVERAGES 2,272 $0 $44,400 $19.54
KW COMMERCIAL11420 N. Kendall Dr.,Ste. 207Miami, FL 33176
www.kwcommercial.com
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.
JORGE FERNANDEZ-PLA, CCIM, MBADirector- Commercial Sales & Investments0 786.433.2939C [email protected] #3220032
INCOME SUMMARY PER SF
Tenant 1 $14,400 $6.34
Tenant 2 $30,000 $13.20
GROSS INCOME $44,400 $19.54
EXPENSE SUMMARY PER SF
Utilities $2,400 $1.06
Taxes $3,636 $1.60
Insurance $2,682 $1.18
GROSS EXPENSES $8,718 $3.84
NET OPERATING INCOME $35,681 $15.70
2814 NW 17 AVE, Miami, FL 33142
2814 NW 17 AVE
RETAIL FOR SALE
KW COMMERCIAL11420 N. Kendall Dr.,Ste. 207Miami, FL 33176
www.kwcommercial.com
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.
JORGE FERNANDEZ-PLA, CCIM, MBADirector- Commercial Sales & Investments0 786.433.2939C [email protected] #3220032
INVESTMENT OVERVIEW
Price $1,000,000
Price per SF $440.14
CAP Rate 3.6%
Cash-on-Cash Return (yr 1) 3.57 %
Total Return (yr 1) $35,681
OPERATING DATA
Gross Income $44,400
Operating Expenses $8,718
Net Operating Income $35,681
Pre-Tax Cash Flow $35,681
2814 NW 17 AVE, Miami, FL 33142
2814 NW 17 AVE
RETAIL FOR SALE
KW COMMERCIAL11420 N. Kendall Dr.,Ste. 207Miami, FL 33176
www.kwcommercial.com
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.
JORGE FERNANDEZ-PLA, CCIM, MBADirector- Commercial Sales & Investments0 786.433.2939C [email protected] #3220032
KW COMMERCIAL11420 N. Kendall Dr.,Ste. 207Miami, FL 33176
www.kwcommercial.com
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.
JORGE FERNANDEZ-PLA, CCIM, MBADirector- Commercial Sales & Investments0 786.433.2939C [email protected] #3220032
2814 NW 17 AVE, Miami, FL 33142
RETAIL FOR SALE
KW COMMERCIAL11420 N. Kendall Dr.,Ste. 207Miami, FL 33176
www.kwcommercial.com
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.
JORGE FERNANDEZ-PLA, CCIM, MBADirector- Commercial Sales & Investments0 786.433.2939C [email protected] #3220032
2814 NW 17 AVE, Miami, FL 33142
2814 NW 17 AVE
RETAIL FOR SALE
KW COMMERCIAL11420 N. Kendall Dr.,Ste. 207Miami, FL 33176
www.kwcommercial.com
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.
JORGE FERNANDEZ-PLA, CCIM, MBADirector- Commercial Sales & Investments0 786.433.2939C [email protected] #3220032
2814 NW 17 AVE, Miami, FL 33142
2814 NW 17 AVE
RETAIL FOR SALE
2814 NW 17 AVE, Miami, FL 33142
2814 NW 17 AVE
RETAIL FOR SALE
KW COMMERCIAL11420 N. Kendall Dr.,Ste. 207Miami, FL 33176
www.kwcommercial.com
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.
JORGE FERNANDEZ-PLA, CCIM, MBADirector- Commercial Sales & Investments0 786.433.2939C [email protected] #3220032
2814 NW 17 AVE, Miami, FL 33142
2814 NW 17 AVE
RETAIL FOR SALE
KW COMMERCIAL11420 N. Kendall Dr.,Ste. 207Miami, FL 33176
www.kwcommercial.com
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.
JORGE FERNANDEZ-PLA, CCIM, MBADirector- Commercial Sales & Investments0 786.433.2939C [email protected] #3220032
KW COMMERCIAL11420 N. Kendall Dr.,Ste. 207Miami, FL 33176
www.kwcommercial.com
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.
JORGE FERNANDEZ-PLA, CCIM, MBADirector- Commercial Sales & Investments0 786.433.2939C [email protected] #3220032
2814 NW 17 AVE, Miami, FL 33142
RETAIL FOR SALE
KW COMMERCIAL11420 N. Kendall Dr.,Ste. 207Miami, FL 33176
www.kwcommercial.com
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.
JORGE FERNANDEZ-PLA, CCIM, MBADirector- Commercial Sales & Investments0 786.433.2939C [email protected] #3220032
* Demographic data derived from 2010 US Census
2814 NW 17 AVE, Miami, FL 33142
RETAIL FOR SALE
ETHNICITY 0.5 MILES 1 MILE 1.5 MILES
% HISPANIC 77.8% 72.5% 66.5%
RACE 0.5 MILES 1 MILE 1.5 MILES
% WHITE 65.6% 62.8% 58.9%
% BLACK 25.3% 28.1% 33.0%
% ASIAN 0.1% 0.8% 1.0%
% HAWAIIAN 0.0% 0.0% 0.0%
% INDIAN 0.0% 0.0% 0.1%
% OTHER 7.4% 7.0% 5.6%
POPULATION 0.5 MILES 1 MILE 1.5 MILES
TOTAL POPULATION 10,337 39,672 78,019
MEDIAN AGE 38.0 37.0 36.2
MEDIAN AGE (MALE) 34.9 34.5 34.2
MEDIAN AGE (FEMALE) 39.9 38.7 38.0
HOUSEHOLDS & INCOME 0.5 MILES 1 MILE 1.5 MILES
TOTAL HOUSEHOLDS 3,548 12,855 25,558
# OF PERSONS PER HH 2.9 3.1 3.1
AVERAGE HH INCOME $28,222 $29,915 $31,322
AVERAGE HOUSE VALUE $247,198 $234,448 $241,242
