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701-709 NE 79th St 2,780 sq ft 100% Let Retail Property Miami, FL 33138 £3,408,316 (£1,226.01/sq ft) 4.53% Net Initial Yield
Executive Summary
Lease is for 10 years and has 5% increases per year and is NN. years 6-10 start at $23,000 per month with 5% a year increases annually. Property comes with a 4cop liqour license included in the sale. Prime corner in a very up and coming area of shore crest with little river across the street, a lot of development going on 79 st and surrounding areas.18,000 sq ft parcel 3 folios.
Property Facts
Sale Type
Investment or Owner Occupier
Property Type
Retail
Property Subtype
Shopfront Retail / Office
Property Size
2,780 sq ft
Costar Property Class
B
Year Built
1944
Price
£3,408,316
Price per sq ft
£1,226.01
Yield
4.53%
NOI
£154,510
Occupancy Rate
100%
Number of Floors
1
Plot ratio
0.16
Total Plot Size
0.41 ac
Use Class
T5-O - 18,000 sq ft parcel 3 folios.
Parking
16 Spaces (5.76 Spaces per 1,000 sq ft Leased)
Frontage
Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | £11,664 | |
| Land Assessment | £1,019,497 | Total Assessment | £1,518,550 |
Property Taxes
Parcel Numbers
Land Assessment
£1,019,497
Improvements Assessment
£11,664
Total Assessment
£1,518,550
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Presented by
Riverside district development llc
701-709 NE 79th St
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