
Listing Price: | $10,200,000 | |
CAP Rate: | 5.66% | |
Lot Size: | 8,100 SF | |
Price per SF: | $1,422.40 | |
Year Built: | 1948 | |
Rentable SF: | 7,171 SF |
Listing Price: | $10,200,000 | |
CAP Rate: | 5.66% | |
Lot Size: | 8,100 SF | |
Price per SF: | $1,422.40 | |
Year Built: | 1948 | |
Rentable SF: | 7,171 SF |
INVESTMENT HIGHLIGHTS
LOCATION HIGHLIGHTS
PROPERTY DESCRIPTION
Marcus & Millichap is proud to exclusively market for sale Five Guys Plaza, a 7,116Marcus & Millichap is proud to exclusively market for sale Five Guys Plaza, a 7,116square-foot multi-tenant strip center located on the hard-Northwest corner of15th Street and Washington Avenue in the heart of world-famous Miami Beach,Florida. Anchored by corporate-guaranteed Five Guys Burgers, a national tenantwith over 1,500 locations, this 100 percent occupied trophy strip center has fouradditional small bays, all of which are rented by successful local food conceptsthat are ideally located on busy Washington Avenue. The property sits on 8,100square feet of land and has excellent visibility and frontage on the signalizedcorner. In addition, the seller has recently installed a brand new roof. There isalso 5,000 square feet of undeveloped area that can be added to the property.
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