Opportunity to purchase a shopping center in the heart of a rapidly emerging sub-section of Little Haiti. The property is currently rented below market on mostly month-month leases. If the units are all rented at $2500/month + NNN, the property would yield a 7% cap rate at asking price.
The property is surrounded by highly successful retail businesses including Panther Coffee and Sur.
It also has development rights for up to 5 stories and a variety of uses.
Reach out to Alex Tsoulfas for more information.
Alex: (305) 972-7217 Alex@stl-advisors.com