retail for sale - loopnet€¦ · 3136 nw 27 avenue 3136 nw 27 avenue, miami, fl 33142 retail for...
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3136 NW 27 Avenue, Miami, FL 33142
RETAIL FOR SALE
PROPERTY OVERVIEWGreat income producing property or redevelopment opportunity.
PROPERTY FEATURESMixed use stable income producing property- Car dealer, tireshop & restaurant
Additional space available for lease
Great visibility on high traffic NW 27 Ave
Completed 40 year certification
Close to all major highways
Corner lot
Walk score: 79
Transit score: 49
11+% CAP Rate
SALE PRICE: $950,000
LOT SIZE: 18,478 SF
BUILDING SIZE: 2,609 SF
YEAR BUILT: 1942
ZONING:
BU-3
6600-Liberal Commercial
KW COMMERCIAL11420 N. Kendall Dr.,Ste. 207Miami, FL 33176
www.kwcommercial.com
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.
JORGE FERNANDEZ-PLA, CCIM, MBADirector- Commercial Sales & Investments0 786.433.2939C [email protected] #3220032
3136 NW 27 Avenue, Miami, FL 33142
RETAIL FOR SALE
PROPERTY HIGHLIGHTS
• Billboard generating monthly income
• Billboard is up for renewal for potential increase in rent
• Rents are under market
• 54,000 cars daily along 27th Ave.
• Income tenants include restaurant, tire shop, two cardealers, and billboard
• Just west of Wynwood along Allapattah
• Allapattah is the fastest growing sector nationwideaccording to some reports
• Potential site for national tenant in the near future
• 27th Ave is undergoing change from industrial to retail andprime for national tenants
KW COMMERCIAL11420 N. Kendall Dr.,Ste. 207Miami, FL 33176
www.kwcommercial.com
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.
JORGE FERNANDEZ-PLA, CCIM, MBADirector- Commercial Sales & Investments0 786.433.2939C [email protected] #3220032
KW COMMERCIAL11420 N. Kendall Dr.,Ste. 207Miami, FL 33176
www.kwcommercial.com
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.
JORGE FERNANDEZ-PLA, CCIM, MBADirector- Commercial Sales & Investments0 786.433.2939C [email protected] #3220032
3136 NW 27 Avenue, Miami, FL 33142
RETAIL FOR SALE
3136 NW 27 Avenue
3136 NW 27 Avenue, Miami, FL 33142
RETAIL FOR SALE
KW COMMERCIAL11420 N. Kendall Dr.,Ste. 207Miami, FL 33176
www.kwcommercial.com
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.
JORGE FERNANDEZ-PLA, CCIM, MBADirector- Commercial Sales & Investments0 786.433.2939C [email protected] #3220032
KW COMMERCIAL11420 N. Kendall Dr.,Ste. 207Miami, FL 33176
www.kwcommercial.com
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.
JORGE FERNANDEZ-PLA, CCIM, MBADirector- Commercial Sales & Investments0 786.433.2939C [email protected] #3220032
3136 NW 27 Avenue, Miami, FL 33142
RETAIL FOR SALE
KW COMMERCIAL11420 N. Kendall Dr.,Ste. 207Miami, FL 33176
www.kwcommercial.com
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.
JORGE FERNANDEZ-PLA, CCIM, MBADirector- Commercial Sales & Investments0 786.433.2939C [email protected] #3220032
* Demographic data derived from 2010 US Census
3136 NW 27 Avenue, Miami, FL 33142
RETAIL FOR SALE
ETHNICITY 1 MILE 3 MILES 5 MILES
% HISPANIC 79.9% 72.2% 70.4%
RACE 1 MILE 3 MILES 5 MILES
% WHITE 70.4% 67.6% 71.6%
% BLACK 20.7% 27.1% 23.0%
% ASIAN 0.2% 0.6% 0.8%
% HAWAIIAN 0.0% 0.0% 0.0%
% INDIAN 0.1% 0.1% 0.1%
% OTHER 7.0% 3.4% 3.3%
POPULATION 1 MILE 3 MILES 5 MILES
TOTAL POPULATION 24,759 253,827 610,408
MEDIAN AGE 36.6 38.1 39.1
MEDIAN AGE (MALE) 34.7 36.2 37.4
MEDIAN AGE (FEMALE) 38.7 39.9 40.7
HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES
TOTAL HOUSEHOLDS 8,798 86,730 221,990
# OF PERSONS PER HH 2.8 2.9 2.7
AVERAGE HH INCOME $30,747 $33,904 $46,121
AVERAGE HOUSE VALUE $234,491 $259,454 $354,743
INVESTMENT OVERVIEW
Price $950,000
Price per SF $364.12
CAP Rate 11.3%
Cash-on-Cash Return (yr 1) 11.33 %
Total Return (yr 1) $107,597
OPERATING DATA
Gross Income $120,204
Operating Expenses $12,606
Net Operating Income $107,597
Pre-Tax Cash Flow $107,597
3136 NW 27 Avenue, Miami, FL 33142
RETAIL FOR SALE
KW COMMERCIAL11420 N. Kendall Dr.,Ste. 207Miami, FL 33176
www.kwcommercial.com
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.
JORGE FERNANDEZ-PLA, CCIM, MBADirector- Commercial Sales & Investments0 786.433.2939C [email protected] #3220032
INCOME SUMMARY PER SF
Market Rental Income $120,204 $46.07
GROSS INCOME $120,204 $46.07
EXPENSE SUMMARY PER SF
Taxes (2017) $4,606 $1.77
Insurance (Estimate) $4,500 $1.72
Maintenance $3,500 $1.34
GROSS EXPENSES $12,606 $4.83
NET OPERATING INCOME $107,597 $41.24
3136 NW 27 Avenue, Miami, FL 33142
RETAIL FOR SALE
KW COMMERCIAL11420 N. Kendall Dr.,Ste. 207Miami, FL 33176
www.kwcommercial.com
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.
JORGE FERNANDEZ-PLA, CCIM, MBADirector- Commercial Sales & Investments0 786.433.2939C [email protected] #3220032
3136 NW 27 Avenue, Miami, FL 33142
RETAIL FOR SALE
TENANTNAME
UNITNUMBER
MARKETRENT
Restaurant $2,093
Tire Shop $2,616
Auto Dealer $2,429
Billboard $450
Auto Dealer 2 $2,429
TOTALS/AVERAGES $10,017
KW COMMERCIAL11420 N. Kendall Dr.,Ste. 207Miami, FL 33176
www.kwcommercial.com
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.
JORGE FERNANDEZ-PLA, CCIM, MBADirector- Commercial Sales & Investments0 786.433.2939C [email protected] #3220032
3136 NW 27 Avenue, Miami, FL 33142
RETAIL FOR SALE
Jorge Fernandez-Pla, CCIM, MBA
DIRECTOR- COMMERCIAL SALES & INVESTMENTS
BACKGROUND
PROFESSIONAL BACKGROUND
2009- PresentKeller Williams Realty Premier Properties, Commercial DivisionCommercial Real Estate Consultant- Miami, Fl
2004- PresentICM Group, Co-Founding Principal - Miami, FL
1996-2008Master Funding Corporation, Co-Founding Principal - Miami, FL
1994-1996American Trust Mortgage Bankers - Loan Officer
1988-1991U.S. Army, Desert Shield / Desert Storm Veteran, Airborne
S U M M A R Y
Jorge Fernandez-Pla, Commercial Real Estate Consultant of KW Commercial, joined Keller Williams Realty in 2009. His marketing strategies provide owners/sellers the best exposure. Eachstrategy is specific to the property and gives the quickest and highest returns possible. When seeking investment opportunities for buyers/ investors, his experience, knowledge, and analyticalskills, assures they are getting the returns they are looking for. He has over $450 million in transactions.
Jorge is a proven leader of character and integrity, and demands excellence as a standard. As an integral part of ICM Group, Jorge co-founded a team that controlled more than 2,800 unitsbetween 12 multifamily projects located in Central Florida. First in the acquisition and repairs, then in the marketing and selling. He draws his knowledge and experience from developingcondominium conversion. Jorge, his wife and two children live in Palmetto Bay, FL.
EDUCATION
EDUCATION
2013 Masters in Business Admin: MBA - MarketingFlorida International University
2012 Certified Commercial Investment MemberCCIM Institure
1995 Bachelor of International Relations and EconomicsFlorida International University
MEMBERSHIPS & ASSOCIATIONS
REPRESENTATIVE CLIENTS
13th Floor Productions Gibson InternationalEastern National Bank YWCA
Total Bank Community Bank of Florida
Harding LLC Investors Capital Mortgage Group
Brownsville Limited Acumen Mortgage
Tamiami Rental Brownsville Gardens
Foster Financial Services America’s Foreclosure Solutions
South Florida Pediatric Group Imperial Beauty Supply
Sunstate Bank
KW COMMERCIAL11420 N. Kendall Dr.,Ste. 207Miami, FL 33176
www.kwcommercial.com
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.
JORGE FERNANDEZ-PLA, CCIM, MBADirector- Commercial Sales & Investments0 786.433.2939C [email protected] #3220032