| Listing Price: | $6,086,589 | |
| CAP Rate: | 5.00% | |
| Lot Size: | 7,000 SF | |
| Year Built: | 1937 | |
| Rentable SF: | 7,053 SF |
1019 Fifth Street - Miami Beach, FL 33139
LOCATION HIGHLIGHTS
- 100% occupied South Beach retail property
- Seller installed brand new roof on the Property in 2019
- Both tenants have over 6 years remaining on their base lease
- Aggressive 3% annual base rental increases
- Both tenants have long history of operation on Miami Beach
LOCATION HIGHLIGHTS
- Rare South Beach multi-tenant retail property
- Strong visibility on busy 5th Street retail corridor
- Located just east of 5th & Alton Publix anchored department store and Target anchored development
- Multiple public parking garages nearby the subject property
Contact Listing Agents:
-
Kirk D. Olson
Senior Vice President Investments
(786) 522-7064 (Office)Senior Director, Institutional Property Advisors & National Retail Group
(786) 338-5731 (Cell)
Kirk.olson@marcusmillichap.com -
Drew A. Kristol
Senior Vice President Investments
(786) 522-7065 (Office)Senior Director, Institutional Property Advisors & National Retail Group
(954) 647-6029 (Cell)
Drew.kristol@marcusmillichap.com
