Two Shopping Retail Strip Centers Available in South Florida

[Brandon Serra]

Hello,

I have a fellow agent that reached out to me about 2 shopping centers that he put on the market. Fully renovated in 2014. These centers are fully leased and in great locations with high traffic. I figured there might be someone out there interested in one or both properties. Here is the general information. Please contact me with any additional questions. Thank you!

Shopping Center 1:

Type: Shopping Retail Strip Center

Size: 15,502 SF

Land: 27,225 SF (0.625 Acres)

Location: Hialeah, Florida

New Price: $4,500,000

Cap Rate: 5.50% Current.

HIGHLIGHTS:

 Rare, 15,502 SF at the heart of Hialeah

 2 Story updated Retail Shopping Center in Hialeah with strong demands for spaces

 Famous Strip Center with Strong Historical Occupancy and with one Government Tenant

 Short Term Leases Allow for upgrading Tenant Mix

 Several Below Market Rents and Underutilized End Cap Storefronts

 57,000 Daily Traffic Count, 100% Rented, with a True Upside for a strong CAP return.

 3 per 1,000 RSF Parking Ratio (Total 43 Parking Spaces)

 Signalized Corner Location, High Visible Property.!!!!

 Extremely Densely Populated Sub-market Population in Hialeah

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Shopping Center 2:

Type: Shopping Strip Center

Size: 15,167 SF ( with approx. 3,300 SF New Building)

Land: 43,980 SF + 12,901 SF option to Buy more land

Location: Hollywood, Florida

New Price: $5,525,000

Cap Rate: 5.00% with great true upside to be increase more.

HIGHLIGHTS:

 Rare, 15,167 Sq Ft Hollywood Shopping Center

 Small Bay Strip Center with Strong Historical Occupancy and with strong National Tenants

 Short Term Leases Allow for upgrading Tenant Mix

 Several Below Market Rents and Underutilized End Cap Storefronts

 51,300 Daily Traffic Count

 4.14 per 1,000 RSF Parking Ratio (Total 59 Parking Spaces)

 Signalized Corner Location

 Extremely Densely Populated Submarket Population