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27455 S Dixie Highway - Shoppes at Naranja Lakes, Homestead, FL

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DetailMap
27455 S Dixie Highway - Shoppes at Naranja Lakes

Homestead, FL 33032 - South Dade Submarket


Property Type:Retail Sub Type:Freestanding Status:Existing , Renov 2004 Year Built:1983
Building Size:95,000 SF Land Area:8.62 AC (375,487 SF)
% Leased:
For Sale Price:$9,950,000 Price/SF:$104.74
Cap Rate:-
Smallest Space:1,480 SF Largest Space:43,320 SF Total Space Avail:59,110 SF Rent/SF/Yr:
$13.75 - $24.00
Parking:Free Surface spaces are available; Ratio of 5.36/1,000 SF
Features:Pylon Sign, Signage


Space Available:
Floor
SF Avail
Rent
Occupancy
Lease Term
Space Use
 1st
12,530 SF
$16.00/SF/Yr
30 Days
Negotiable
Retail
 1st
18,300 SF
$13.75/SF/Yr
30 Days
Negotiable
Retail
 1st
12,490 SF
$13.75/SF/Yr
30 Days
Negotiable
Retail
 1st
2,470 SF
$24.00/SF/Yr
30 Days
Negotiable
Retail
 1st
1,480 SF
$20.00/SF/Yr
30 Days
Negotiable
Retail
 1st
1,480 SF
$20.00/SF/Yr
30 Days
Negotiable
Retail
 1st
1,480 SF
$20.00/SF/Yr
30 Days
Negotiable
Retail
 1st
1,480 SF
$20.00/SF/Yr
30 Days
Negotiable
Retail
 1st
1,480 SF
$20.00/SF/Yr
30 Days
Negotiable
Retail
 1st
1,480 SF
$20.00/SF/Yr
30 Days
Negotiable
Retail
 1st
1,480 SF
$20.00/SF/Yr
30 Days
Negotiable
Retail
 1st
1,480 SF
$20.00/SF/Yr
30 Days
Negotiable
Retail
 1st
1,480 SF
$24.00/SF/Yr
30 Days
Negotiable
Retail
 
11714957
11714968
11715006
11715009
11715014
11715022
11715032
11715038
11715043
11715047
11715084
11715090
11715098
Space Notes Space Notes  


Floor
SF Avail
Rent/SF/Yr
Occupancy
Lease Term
Space Use
1st
12,530 SF
$16.00/SF/Yr
30 Days
Negotiable
Retail
1st
18,300 SF
$13.75/SF/Yr
30 Days
Negotiable
Retail
1st
12,490 SF
$13.75/SF/Yr
30 Days
Negotiable
Retail
1st
2,470 SF
$24.00/SF/Yr
30 Days
Negotiable
Retail
1st
1,480 SF
$20.00/SF/Yr
30 Days
Negotiable
Retail
1st
1,480 SF
$20.00/SF/Yr
30 Days
Negotiable
Retail
1st
1,480 SF
$20.00/SF/Yr
30 Days
Negotiable
Retail
1st
1,480 SF
$20.00/SF/Yr
30 Days
Negotiable
Retail
1st
1,480 SF
$20.00/SF/Yr
30 Days
Negotiable
Retail
1st
1,480 SF
$20.00/SF/Yr
30 Days
Negotiable
Retail
1st
1,480 SF
$20.00/SF/Yr
30 Days
Negotiable
Retail
1st
1,480 SF
$20.00/SF/Yr
30 Days
Negotiable
Retail
1st
1,480 SF
$24.00/SF/Yr
30 Days
Negotiable
Retail
The property was originally constructed as a Kmart. After filing Chapter 11
Bankruptcy in January of 2002, this store was one of 284 locations that Kmart closed.

Currently the property is operated as an indoor “Mini Mall” with 400 small retail bays occupied by local tenants.

CAPITAL IMPROVEMENTS COMPLETED SINCE 2004:
1. Roof Completely Resurfaced
2. Parking Lot (Repaved & Striped)
3. Exterior Painting
4. New Fire Alarm System
5. Camera and Surveillance System Installed
6. New Interior Sprinkler System
7. New Security Alarm System with Roof Alarm
8. New Common Area Exterior Lighting
9. New Pylon Signage
10. Interior Repainting
11. 7 of 13 Central A/C Units Replaced
12. Installed PA System
13. Installed 400 Telephone Lines with Internal Wiring
14. Installed T1 Internet Line with Wireless throughout Building
15. Storefront Doors Replaced
16. All New Exterior Roll-up Doors
17. Complete Renovation of all Restrooms

Sale Notes:
SVN South Commercial Real Estate Advisors presents this excellent value-add opportunity of 94,240 SF Neighborhood Retail Center located directly off US-1 / S Dixie Hwy retail corridor of the developing Leisure City Charrette in South Miami-Dade County. This ±9 AC site offers over 600 feet of retail frontage on US-1, with high daily traffic counts that top more than 45,500 vehicles (AADT). The 94k SF building is currently being redeveloped for multiple junior anchors and tenants with LOI's signed by several national retailers.

This retail center is located adjacent to the Fresco Y Mas grocery-anchored Naranja Shopping Center and near a new Walmart being constructed several blocks to the north. The site is also adjacent to the 48-acre Larkin Community Hospital Medical School Campus development project, which is projected to bring 600-700 jobs to the area with around 5,000 students.

SVN South Commercial Real Estate Advisors
Matthew Rotolante
(305) 235-1500 x1006


SVN South Commercial Real Estate Advisors
Matthew Rotolante
(305) 235-1500 x1006



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