4440 W 16th Ave

    Hialeah, FL 33012
    • $5,490,917
    • STATUS: Active
    • ON SITE: 76 days
    • MLS #: A10545196
    UPDATED: 30 min ago
    $5,490,917
    • 0
      BEDS
    • 0.51
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    30
    Type:
    Commercial
    Built:
    1985
    County:
    Area:
    30

    School Ratings & Info

    Description

    This is an ideal 1031 purchase, with zero landlord responsibility as it is a true Triple-Net lease. The building is currently being renovated, with over $1.8M of work, to be a medical office. The Tenant, Pasteur Medical Management, is a subsidiary of an Anthem Medical newly acquired company. The lease also has rare 3% annual increases, or CPI (the higher of), to outperform the asking 6% CAP rate.

    Monthly Payment Calculator



    Copyright 2018, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being 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. Information is deemed reliable but not guaranteed. Copyright 2018, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2018-12-13T15:42:06.9.
    www.welovesouthflorida.com/homes/87986223

    4440 W 16th Ave Hialeah, FL 33012

    • Price: $5,490,917
    • Status: Active
    • Updated: 30 min ago
    • MLS #: A10545196
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.51
    Acres
    1985
    Built
    Neighborhood:
    30
    County:
    Miami-Dade
    Area:
    30
    Property Description
    This is an ideal 1031 purchase, with zero landlord responsibility as it is a true Triple-Net lease. The building is currently being renovated, with over $1.8M of work, to be a medical office. The Tenant, Pasteur Medical Management, is a subsidiary of an Anthem Medical newly acquired company. The lease also has rare 3% annual increases, or CPI (the higher of), to outperform the asking 6% CAP rate.
    Exterior Features

    Construction Type Cbs Construction Num Loading Doors 0 Num Parking Spaces 24 Parking Description Free ParkingShared Parking Waterfront Property Yn No

    Interior Features

    Interior Ceiling Height 12.0000 Maximum Ceiling Height 12.0000 Num Offices 1

    Property Features

    Approximate Lot Size 22367 Electric Service 3 Phase Electric Flood Zone X Location Of Property Out Parcel Num Bays 1 Sale Includes Building & LandLeases Short Sale Yn No Tax Amount 40483 Tax Year 2017 Typeof Property Income

    Listing courtesy of Orion Group Realty, Inc..


    Copyright 2018, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being 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. Information is deemed reliable but not guaranteed. Copyright 2018, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2018-12-13T15:42:06.9.
     
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