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Retail Featured
Sunset Plaza Retail
1220 Collins Ave, Miami Beach, FL 33139
Asking price
$18M
Cap rate
5.9%
- NOI
- $1M
- Square feet
- 32,400
- Year built
- 2001
- Price / SF
- $568
Overview
Grocery-anchored strip center with long-term corporate leases. This offering represents a compelling opportunity in the Miami Beach submarket. The asset benefits from strong in-place cash flow, defensible fundamentals, and multiple avenues for value creation through operational improvements, strategic repositioning, and market rent growth. Underwriting materials, T-12, rent roll, and full offering memorandum available upon signed confidentiality agreement.
Financial highlights
- Asking price
- $18,400,000
- NOI (in-place)
- $1,085,600
- Cap rate
- 5.9%
- Price per SF
- $568
Documents
Detailed underwriting, T-12, and rent roll available under signed CA.
Offering Memorandum
Executive Summary
Full Financial Package
T-12 & Rent Roll