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• Recently built, modern construction shopping center on a
major East / West thoroughfare in South Dade County.
• Recently re-painted.
• Re-sealing and striping of the parking lot in progress.
• Hurricane impact glass throughout.
• Both centers are collectively 97.7% occupied.
• Majority of local tenants are contracted at rates considered
below market for area.
• Over 70% of leases are month-to-month, or expiring in
the next 18 months, allowing investors an opportunity to
immediately increase property performance.
• Possible opportunity to unify folio’s and add rentable square
footage, or develop an outparcel building.
• 0.25 miles East of on/off ramp to the Florida Turnpike.
• 0.9 miles West of South Dixie Highway (+/- 66,000 VPD).
• 45,000 + households in 3 mile radius.
Key Highlights
COMMERCIAL REAL ESTATE SERVICES, WORLDWIDE
The Seastone Portfolio10900 - 10998 SW 184th Street (Eureka Drive) Cutler Bay, Florida 33157
9655 South Dixie Hwy Suite 300Miami, Florida+1 305 938 4000
naimiami.com Lic. Real Estate Broker
Jake Guso+1 305 978 [email protected]
Robert Eckstein+1 786 260 [email protected]
OverviewPurchase Price: $14,000,000
Price PSF: $225.72
In Place Cap Rate: 6.75%
Land: 241,928 SF
Rentable: 62,024 SF
Occupancy: 100.00%
Parking: 279 Spaces
Turnpike
T
