4000 SW 57th Ave - Freestanding FOR SALE


Miami, FL 33155
$16,500,000 USD
786-260-0401
4000 SW 57th Ave, Miami, FL for Sale
$16,500,000 USD
Freestanding - FOR SALE
1/6
null | 4.92% Cap Rate

4000 SW 57th Ave
Miami, FL 33155


OVERVIEW

Property Features • 15,115 SF fully leased, multi-tenant retail center, renovated in 2023 • Triple-net lease structure with staggered expirations and built-in annual rent bumps • Signature tenant CalaMillor, a celebrated Spanish restaurant and bakery concept, anchors the center • $221,000 Average household income in a 1-mile radius • 70,000+ vehicles per day Location Features • Positioned in a highly walkable, transit-friendly corridos within Coral Gables’ urban core • Two miles to Metrorail access, one mile to University of Miami • 458,000 population in a 5 mile radius • Hard-corner signalized intersection at SW 40th St (Bird Rd) and SW 57th Ave (Red Rd) • Less than a mile from the University of Miami’s campus

FOR SALE DETAILS

PRICE

$16,500,000 USD

PRICE/SF

$1,092 USD /SF

CAP RATE

4.92%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1946

SPRINKLERS

-

PARKING SPACES

51

LAND DETAILS

LAND ACRES

0.51 AC

LAND SF

22,216 SF

ZONING

6700

APN/PARCEL ID

09-4024-006-0050

ASK ABOUT THIS PROPERTY

786-260-0401

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786-260-0401

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