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18365 - 18579 NW 27th Avenue - Miami Gardens Plaza, Miami Gardens, FL

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18365 - 18579 NW 27th Avenue - Miami Gardens Plaza

Miami Gardens, FL 33056-3169 - Northeast Dade Submarket

(128.8 KB)

Property Type:Retail Sub Type:- Status:Existing Year Built:1958
Building Size:86,807 SF Land Area:8.58 AC (373,745 SF)
For Sale Price:$9,950,000 Price/SF:$114.62
Cap Rate:10.24 %
Parking:Free Surface spaces are available; Ratio of 4.79/1,000 SF
Features:Signalized Intersection



Sale Notes:
Miami Gardens Plaza is an existing 86,807 square foot, single story, strip shopping center (currently 80.6% leased), situated on approximately 8.53 acres. The property is zoned Planned Corridor Development (PDC) and Town Center Overlay (TCO), in the City of Miami Gardens.

The shopping center is anchored by Tropical Supermarket, H & R Block, Checkers Drive Thru restaurants and a host of long term, local credit tenants who have been in place for five years or more.

The immediate neighborhood is a combination of commercial and residential. The areas along N.W. 27th Avenue and portions of N.W. 183rd Street are developed commercially.

The shopping center is located on the northeast corner of N.W. 183rd Street and N.W. 27th Avenue in Miami Gardens. Each street is a major arterial road traversing Miami Gardens. The southwest corner of this intersection is slated as the location of a major redevelopment project transforming the 40 acres to a vibrant, new mixed use property. Immediately to the east, Cornerstone Group is building Pelican Cove, a 112 unit multi-family rental project.

NAI MIAMI Commercial Real Estate Services
Joseph R Gallaher
(786) 533-1246

Jeremy S Larkin
(305) 938-4000 x102




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