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This 8,260 sf flex space building is a perfect blend of retail and true industrial situated on a 14,356 sf lot. This building is currently 100% occupied by 4 tenants with an under market rental rate. A new investor can re­tenant this property at a conservative rates of $18 a foot net which will provide a strong annual net income of $143,985.09. This pro­forma NOI will provide an investor with a strong 7.2% capitalization rate at the full asking price of $2,000,000. Enclosed in this package lease analytics showing resent comparable leases are as hight as $23 p/sf Net. This property will also work for an owner user looking to relocate in East Hollywood. Liberal new DH­3 zoning permits most uses and encourages new developments with generous height restrictions.
Listed by John DeMarco, RE/MAX 5 Star Realty

Property Details of 1810 - 1816 N Dixie Hwy

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The multiple listing information is provided by Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2022 Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Data last updated on January 28, 2022

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