6891 SW 40th St
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6891 SW 40th St
4,215 SF 100% Leased Retail Building Miami, FL 33155 $3,200,000 ($759/SF) 4.30% Cap Rate
Investment Highlights
- High visibility freestanding building corner location
- Daily traffic count of 64,500 AADT
- Easy access to major roads
- Pylon sign for enhanced visibility
- proximity to major retailers and service businesses
Executive Summary
Our team is delighted to present you this this remarkable opportunity with seller financing- It's a freestanding building on a corner lot -Shopping Center for investor or owner-user in prime location with a great visibility.
The property is strategically positioned at the intersection of Bird Rd (40th Street) and SW 69th Ave, with 125 Ft of frontage on Bird rd, close to major retailers, restaurants, and across the street from "El Car Wash".
It's a 4,215 Sq Ft property on a 10,000 Sq Ft lot with 18 parking spots.
The 5 spaces are currently fully leased to 4 tenants on a month-to-month basis and at a way below-market rate rent. Tenants are: coin laundry, take-out restaurant, insurance agency and aquarium store.
The tenants can stay at the new rent rate after closing or have 30 days to leave the premisses according to the new owner requirements. The new Owner could keep any of the spaces to occupy himself.
We are offering excellent flexible conditions of payment: Seller financing with negotiable low down payment at 7% for about 7 to 10 years and balloon payment- Terms are negotiable.
This is a valuable asset and the property is easy to show,
Don't miss this great opportunity! Let's make a deal!
The property is strategically positioned at the intersection of Bird Rd (40th Street) and SW 69th Ave, with 125 Ft of frontage on Bird rd, close to major retailers, restaurants, and across the street from "El Car Wash".
It's a 4,215 Sq Ft property on a 10,000 Sq Ft lot with 18 parking spots.
The 5 spaces are currently fully leased to 4 tenants on a month-to-month basis and at a way below-market rate rent. Tenants are: coin laundry, take-out restaurant, insurance agency and aquarium store.
The tenants can stay at the new rent rate after closing or have 30 days to leave the premisses according to the new owner requirements. The new Owner could keep any of the spaces to occupy himself.
We are offering excellent flexible conditions of payment: Seller financing with negotiable low down payment at 7% for about 7 to 10 years and balloon payment- Terms are negotiable.
This is a valuable asset and the property is easy to show,
Don't miss this great opportunity! Let's make a deal!
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$168,600
|
$40.00
|
| Other Income |
$38,405
|
$9.11
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$207,005
|
$49.11
|
| Taxes |
$19,547
|
$4.64
|
| Operating Expenses |
$48,858
|
$11.59
|
| Total Expenses |
$68,405
|
$16.23
|
| Net Operating Income |
$138,600
|
$32.88
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $168,600 |
| Annual Per SF | $40.00 |
| Other Income | |
|---|---|
| Annual | $38,405 |
| Annual Per SF | $9.11 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $207,005 |
| Annual Per SF | $49.11 |
| Taxes | |
|---|---|
| Annual | $19,547 |
| Annual Per SF | $4.64 |
| Operating Expenses | |
|---|---|
| Annual | $48,858 |
| Annual Per SF | $11.59 |
| Total Expenses | |
|---|---|
| Annual | $68,405 |
| Annual Per SF | $16.23 |
| Net Operating Income | |
|---|---|
| Annual | $138,600 |
| Annual Per SF | $32.88 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
4,215 SF
Building Class
C
Year Built
1949
Price
$3,200,000
Price Per SF
$759
Cap Rate
4.30%
NOI
$137,600
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.42
Land Acres
0.23 AC
Zoning
BU-2 - BU-2 special business district.
purpose: regional shopping center office park district to provide for large scale commercial/ office facilities.
Parking
18 Spaces (4.27 Spaces per 1,000 SF Leased)
Frontage
125 FT on Bird Rd
Amenities
- Bus Line
- Corner Lot
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Wheelchair Accessible
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Acceptance Insurance
- Finance and Insurance
- 626 SF
- $19.00
- Triple Net
- -
- Aquariums
- Retailer
- 1,452 SF
- $18.00
- Triple Net
- -
- Coin laundry 24h
- Services
- 1,277 SF
- $17.00
- Triple Net
- -
- madruga's Cafe
- Accommodation and Food Services
- 709 SF
- $25.00
- Triple Net
- -
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Acceptance Insurance | Finance and Insurance | 626 SF | $19.00 | Triple Net | - | |
| Aquariums | Retailer | 1,452 SF | $18.00 | Triple Net | - | |
| Coin laundry 24h | Services | 1,277 SF | $17.00 | Triple Net | - | |
| madruga's Cafe | Accommodation and Food Services | 709 SF | $25.00 | Triple Net | - |
Walk Score ®
Very Walkable (84)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 30-4014-005-3460 | Total Assessment | $1,139,524 |
| Land Assessment | $0 | Annual Taxes | $19,547 ($4.64/SF) |
| Improvements Assessment | $0 | Tax Year | 2024 Payable 2024 |
PROPERTY TAXES
Parcel Number
30-4014-005-3460
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,139,524
Annual Taxes
$19,547 ($4.64/SF)
Tax Year
2024 Payable 2024
-
Raquel Afriat - L2A Advisory Partners LLC
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6891 SW 40th St
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