Download - The Seastone Portfolio - LoopNet...The Seastone Portfolio 10900 - 10998 SW 184th Street (Eureka Drive) Cutler Bay, Florida 33157 9655 South Dixie Hwy Suite 300 Miami, Florida +1 305

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Page 1: The Seastone Portfolio - LoopNet...The Seastone Portfolio 10900 - 10998 SW 184th Street (Eureka Drive) Cutler Bay, Florida 33157 9655 South Dixie Hwy Suite 300 Miami, Florida +1 305

• Recently built, modern construction shopping center on a

major East / West thoroughfare in South Dade County.

• Recently re-painted.

• Re-sealing and striping of the parking lot in progress.

• Hurricane impact glass throughout.

• Both centers are collectively 97.7% occupied.

• Majority of local tenants are contracted at rates considered

below market for area.

• Over 70% of leases are month-to-month, or expiring in

the next 18 months, allowing investors an opportunity to

immediately increase property performance.

• Possible opportunity to unify folio’s and add rentable square

footage, or develop an outparcel building.

• 0.25 miles East of on/off ramp to the Florida Turnpike.

• 0.9 miles West of South Dixie Highway (+/- 66,000 VPD).

• 45,000 + households in 3 mile radius.

Key Highlights

COMMERCIAL REAL ESTATE SERVICES, WORLDWIDE

The Seastone Portfolio10900 - 10998 SW 184th Street (Eureka Drive) Cutler Bay, Florida 33157

9655 South Dixie Hwy Suite 300Miami, Florida+1 305 938 4000

naimiami.com Lic. Real Estate Broker

Jake Guso+1 305 978 [email protected]

Robert Eckstein+1 786 260 [email protected]

OverviewPurchase Price: $14,000,000

Price PSF: $225.72

In Place Cap Rate: 6.75%

Land: 241,928 SF

Rentable: 62,024 SF

Occupancy: 100.00%

Parking: 279 Spaces

Turnpike

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