Skip to main content

Shopping Strip

Hialeah Value-Add Retail Strip

954 E 25th St, Hialeah, FL 33013

Listing Price: $4,000,000

Cap Rate
4.13%
Gross SF
24,904
Rentable SF
24,210
Price/Gross SF
$160.62
Lot Size
1.15 acres
Year Built
1949

Investment Overview

Marcus & Millichap is pleased to exclusively offer the sale of 934-954 E 25th Street, Hialeah, FL 33013. The property is consists of sixteen (16) retail bays totaling 24,210 Square Feet sitting on a 50,000 square feet lot. The property has great curb appeal and is strategically located on the corner of E 10th Avenue and 25th Street. Additionally, the property benefits from a Left turn-in when heading West on E 25th Street, allowing easy ingress/egress into the property. The current tenants at the property run on short-term leases and consist of service-oriented tenants, unaffected by e-commerce. Current Rent’s at the subject are averaging $11.12psf roughly 60% below market, minimizing the downside risk for an investor to replace. Through, repositioning current leases and backfilling the vacant retail bays to market rent, an investor will increase cash flow on the property significantly maximizing the yield. The subject property is centrally located near the transit station and the Leah Arts District. Additionally, the subject is across the street from two, approved developments on E 25th Street totaling almost 500 units. The subject is also zoned TOD allowing for 100+ developable units on site. Hialeah has long been recognized as a blue-collar industrial city, which continues to be a leader in economic development and has access to every major thoroughfare (i.e. I-75, Palmetto Expressway, Florida Turnpike, and US 27). Additionally, Florida is an income tax-free state, and the subject property has a population of over 486,000 within a 5-mile radius. The location and medical tenant mix, which are essential in the community, have created a rare opportunity for an investor to own an e-commerce resistant, generational asset here in Miami.

Investment Highlights

  • Priced Below Replacement Costs
  • 70% OCCUPIED
  • Average Gross Rent @ $11psf
  • TRANSIT-ORIENTED DISTRICT - 100+ ALLOWABLE UNITS
  • CORNER ASSET LOCATED ON SIGNALIZED INTERSECTION
  • 5 MINUTE WALK TO METRORAIL STATION
  • BLOCKS AWAY FROM LEAH ARTS DISTRICT

Exclusively Listed By

Shopping Strip

Hialeah Value-Add Retail Strip

Listing Price: $4,000,000

Cap Rate
4.13%
Gross SF
24,904
Rentable SF
24,210
Price/Gross SF
$160.62
Lot Size
1.15 acres
Year Built
1949

Investment Highlights

  • Priced Below Replacement Costs
  • 70% OCCUPIED
  • Average Gross Rent @ $11psf
  • TRANSIT-ORIENTED DISTRICT - 100+ ALLOWABLE UNITS
  • CORNER ASSET LOCATED ON SIGNALIZED INTERSECTION
  • 5 MINUTE WALK TO METRORAIL STATION
  • BLOCKS AWAY FROM LEAH ARTS DISTRICT

Investment Overview

Marcus & Millichap is pleased to exclusively offer the sale of 934-954 E 25th Street, Hialeah, FL 33013. The property is consists of sixteen (16) retail bays totaling 24,210 Square Feet sitting on a 50,000 square feet lot. The property has great curb appeal and is strategically located on the corner of E 10th Avenue and 25th Street. Additionally, the property benefits from a Left turn-in when heading West on E 25th Street, allowing easy ingress/egress into the property. The current tenants at the property run on short-term leases and consist of service-oriented tenants, unaffected by e-commerce. Current Rent’s at the subject are averaging $11.12psf roughly 60% below market, minimizing the downside risk for an investor to replace. Through, repositioning current leases and backfilling the vacant retail bays to market rent, an investor will increase cash flow on the property significantly maximizing the yield. The subject property is centrally located near the transit station and the Leah Arts District. Additionally, the subject is across the street from two, approved developments on E 25th Street totaling almost 500 units. The subject is also zoned TOD allowing for 100+ developable units on site. Hialeah has long been recognized as a blue-collar industrial city, which continues to be a leader in economic development and has access to every major thoroughfare (i.e. I-75, Palmetto Expressway, Florida Turnpike, and US 27). Additionally, Florida is an income tax-free state, and the subject property has a population of over 486,000 within a 5-mile radius. The location and medical tenant mix, which are essential in the community, have created a rare opportunity for an investor to own an e-commerce resistant, generational asset here in Miami.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower