parkway plaza - images1.loopnet.com...4000 hollywood blvd, 765-s hollywood, fl 33021 │...

CURRENT CAPITAL GROUP

954.966.8181

CURRENTCAPITALGROUP.COM

PRESENTED BY TODD NEPOLA

[email protected] (305) 467 4450

PARKWAY PLAZA

6047-6053 Miramar Parkway, Miramar, FL 33023

INVESTMENT • MANAGEMENT • DEVELOPMENT • BROKERAGE

4000 HOLLYWOOD BLVD, 765-S HOLLYWOOD, FL 33021 │ 954.966.8181 WWW.CURRENTCAPITALGROUP.COM

PROPERTY HIGHLIGHTS

• Center has 68 feet of frontage facing the affluent Miramar Pkwy.

• Private Parking with a total of fifteen front and rear spaces.

• Zoned for retail , office and more.

• Recently Renovated Building in 2020.

• Located right off State Rd 7 with a daily traffic count of more than 35,00 vehicles.

• Located in Miramar, FL.

• Strong Demographics surrounded by dense residential area.

•

Only 2.16 miles east from Florida's Turnpike and 2.5 miles west from Highway I-95, exit 18.

PROPERTY SUMMARY

LEASABLE AREA 5,658 ± SF

YEAR BUILT 1961/2020

CROSS STREETS Sate Road 7 (US 441)

CURRENT OCCUPANCY 100%

SALE PRICE $950,000.00

PROPERTY OVERVIEW

Current Capital is pleased to exclusively offer 6047-6053 Miramar Pkwy, Miramar, FL 33023 (the “Property”), a strip center totaling 5,658± square feet in Miramar, FL that is positioned along the edge of the affluent Miramar Pkwy, right off State Rd 7 (441) and just over 2.5 mile west from I-95.

The offering represents the unique opportunity to acquire a strong performing property with a solid existing tenant base, newly renovated storefront, new roof with warranty and well taken care of parking area, currently fully occupied.

The property consists of a 1 story building remodeled in 2020 with 68 feet of frontage along Miramar Pkwy (Hallandale Beach Blvd) in the outlying Miramar City submarket of Broward County, FL. Approximately 35,800 cars per day travel though this corridor on a daily basis.

The property is currently zoned for retail and boasts a diverse tenant roster with an eclectic mix of long term tenants including a multi services office, barbershop, security services agency, restaurant and church.

The total land area equals .27 acres with gross leasable area of 5,658± square feet and fifteen parking spots distributed across the back and front of the property.

With secure in-place income, 6047-6053 Miramar Pkwy, Miramar, FL 33023 is a unique and extraordinary investment opportunity that will not only produce long-term cash flow for the owner, but also possesses the potential for value enhancement.

6047-6053 Miramar Parkway Miramar, FL 33023




INCOME

SCHUDELD BASE RENTAL INCOME $103,200.00

TOTAL REIMBURSEMNT INCOME $1,800.00

POTENTIAL GROSS REVENUE $105,000.00

OPERATING EXPENSES $29,095.00

NET OPERATING INCOME $75,905.00

PRICING DETAIL

PRICE $950,000.00

PRICE PER SQFT $172.73

GROSS LEASABLE AREA (GLA) 5500

LOT SIZE 0.27 Acres

YEAR BUILT / RENOVATED 1961 / 2020

OCCUPANCY 100%

RETURNS

CAP RATE 8%




OPERATING EXPENSES

PROPERTY TAX $18,300.00

INSURANCE $3,200.00

WATER AND SEWER $1,800.00

MANAGEMENT FEE @ 4% $3,795.00

REPAIRS AND MAINTENANCE $2,000.00

TOTAL OPERATING EXPENSES $29,095.00




TENANT SUITESQUARE

FEET

% BLDG

SHARE

TENANT

ORIGINATEDLEASE START LEASE END

TOTAL RENT

PER MONTH

TOTAL RENT

PER YEARCHANGES ON

Nathalie's Kitchen 6047 1000 17.67% 2009 6/1/2020 5/31/2025 $1,700.00 $20,400.00 5% Yearly

JS Protection Security, LLC 6049 1000 17.67% 2020 4/1/2020 6/30/2021 $1,500.00 $18,000.00

Leslie's 24 Hr Bail Bonds & Multi

Services6051 1000 17.67% 2017 4/1/2020 3/31/2021 $1,500.00 $18,000.00

Image Masters Barber Shop &

Salon6053 1000 17.67% 2015 6/1/2020 5/31/2025 $1,650.00 $19,800.00 5% Yearly

Pastor Paul 6053-A 1658 29% 2015 $2,250.00 $27,000.00

Total 5658 100% $8,600.00 $103,200.00

RENT ROLL DETAIL

S STATE ROAD 7 (US 441)




parkway plaza - images1.loopnet.com...4000 hollywood blvd, 765-s hollywood, fl 33021 │...

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