538 Meridian Ave - Hospitality FOR SALE


Miami Beach, FL 33139- Flamingo
$12,500,000 USD
305-788-7171
538 Meridian Ave, Miami Beach, FL for Sale
$12,500,000 USD
Hospitality - FOR SALE
1/60
null | 5.16% Cap Rate

538 Meridian Ave
Miami Beach, FL 33139
Flamingo


HIGHLIGHTS

  • This property is centrally located in the heart of South Beach.
  • Zero Landlord responsibility.
  • Close proximity to the Ocean.
  • Near Florida State Road A1A.

OVERVIEW

Price: US $12,500,000 CAP/Retorno: 5.15% Building Area: Approx.18,301 Sq. ft = 1,700 m² Lot: 7,000 Sq.Ft Sq. ft = 650 m² Year Built: 2019 NOI: US $644,613 Annual Expenses: NNN Tenant is responsible for all expenses including property tax, insurance, and maintenance. Contract Terms: 5 years contract remaining. Increases 3.5 % annual. Extensions: N/A Guarantor: CVC Corp, one of the largest travel groups in Latin America, with brands that operate in Brazil ,Argentina, and the United States, in the segments of vacation and leisure, corporate/business, education (cultural exchange abroad), management and rental of residences . 12 Units each are 2 bedroom and 1 1/2 bathroom

FOR SALE DETAILS

PRICE

$12,500,000 USD

PRICE/SF

$683 USD /SF

# OF ROOMS

12

PRICE/ROOM

$1,041,667 {currency}

CAP RATE

5.16%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

NNN Leaseback hospitality

PROPERTY TYPE

Hospitality

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

5

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2019

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,000 SF

ZONING

6503

APN/PARCEL ID

02-4203-009-4930

ASK ABOUT THIS PROPERTY

Glima EvangelistaElite International RealtyMore Info
305-788-7171

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Glima EvangelistaElite International RealtyMore Info
305-788-7171

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.