This 8,260 sf flex space building is a perfect blend of retail and true industrial situated on a 14,356 sf lot.
This building is currently 100% occupied by 4 tenants with an under market rental rate. A new investor can retenant this property at a conservative rates of $18 a foot net which will provide a strong annual net income of $143,985.09. This proforma NOI will provide an investor with a strong 7.2% capitalization rate at the full asking price of $2,000,000. Enclosed in this package lease analytics showing resent comparable leases are as hight as $23 p/sf Net. This property will also work for an owner user looking to relocate in East Hollywood. Liberal new DH3 zoning permits most uses and encourages new developments with generous height restrictions.
Courtesy of: RE/MAX 5 Star Realty MIAMI Association of REALTORS® is not responsible for the accuracy of the information listed above. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program and the South East Florida Regional MLS and is provided here for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than the office owning this website are marked with the IDX logo and detailed information about them includes the name of the listing brokers. Data provided is deemed reliable but not guaranteed. Copyright MIAMI Association of REALTORS®, MLS All rights reserved. Updated: 22nd January, 2022 5:31 PM