Hialeah Commerce center

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Presentation transcript:

Hialeah Commerce center retail/Office Building 3750 W 16 AVE Hialeah FL 33012 Miami Dade

INVESTMENT HIGHLIGHTS OFFERING SUMMARY Price To Be Determined Typical Down (35)% $? Loan amount $5,000,000 Loan Type Conventional Interest Rate 4.55% Amortization Term 25 year Gross Leasable Area (GLA 41,000 Price per square Foot (GLA) $185.00 Lot Size 52,000sq.ft INVESTMENT HIGHLIGHTS Lot size is 52,000 Sq. Ft Parking area all over around the building Significant Upside Potential The property is just minutes from the Palmetto express way Strategic cornet lot Home wiz USA. Commercial division Presented by Raymond Gonzalez cell#(786) 306-8577 7480 SW 40 st #830, Miami FL 33155 Email: raygonzalezz@yahoo.com Raymond Gonzalez Commercial Division

INVESTMENT OVERVIEW This is a unique opportunity to own a retail/office building located in the heart of Hialeah. Retail/office style center. Property consists in two stores Building with 41,000 sq. Ft of retail/office space. Property has a parking area on the around the actual building. Property is just minutes from the palmetto and the Westland Mall and is located in the dynamic and prime corner location adjacent to Lowes and target super center.

Rent & Expenses Actual Proforma Potential Rental income $625,000.00 Vacancy & Cr. Losses 4% of $25,000.00 Effective Rental Income $600,000.00 Real Estate Taxes $55,000.00 Property Insurance $15,000.00 Off site management $5,000.00 Repairs & Maintenance Utilities $12,200.00 Professional Fee $500.00 Cleaning & Janitorial Serv. $6,300.00 Elevator Maintenance $900.00 Phone Elevator $360.00 Total Operating expenses $100,260.00 Net operating income $499,740.00 Current Cap Rate 6.70% Proforma Potential Rental income $650,000.00 Vacancy & Cr. Losses 3% of $18,000.00 Effective Rental Income $630,500.00 Real Estate Taxes $70,000.00 Property Insurance $15,00.00 Off site management $5,000.00 Repairs & Maintenance Utilities $12,200.00 Professional Fee $500.00 Cleaning & Janitorial Serv. $6,300.00 Elevator Maintenance $900.00 Phone Elevator $360.00 Total Operating expenses $115,260.00 Net operating income $515,240.00 Pro-forma Cap Rate 6.90%