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Shopping Strip

Landmark Center

12441 S Dixie Hwy, Miami, FL 33156

Listing Price: $5,750,000

Cap Rate
5.14%
Gross SF
6,950
Rentable SF
6,950
Price/Gross SF
$827.34
Lot Size
0.48 acres
Year Built
1959

Investment Overview

Marcus & Millichap is proud to exclusively market the Landmark Center retail strip, a 6,950 square foot newly renovated six tenant building located within the exclusive Pinecrest municipality of Miami. The 100 percent occupied property is located on heavily travelled South Dixie Highway (US-1) with over 63,000 vehicles passing the property daily. Anchored by AT&T, the property is ideally configured with multiple small bays and a healthy parking ratio of over four spaces per 1,000 square feet. The owners of Landmark Center have recently spent over $360,000 renovating the property. New improvements include a brand-new roof (with 20-year warranty), new store fronts, new HVAC units and new 40-year recertification. Pinecrest is one of the wealthiest municipalities in all of Miami- Dade County with an average household income of over $155,000 within one mile of the subject property.

Investment Highlights

  • 100 percent occupied retail strip center located in exclusive Pinecrest municipality of Miami, FL
  • Anchored by AT&T, Landmark Center has a strong tenant roster with aggressive base rental increases for all tenants
  • Recently renovated with over $360,000 of capital improvements, including new roof (20-year warranty), new store fronts, new HVAC units and new pylon signage
  • Four out of five interior bays have been renovated within the last 2 years
  • All tenants have NNN leases

Exclusively Listed By

Shopping Strip

Landmark Center

Listing Price: $5,750,000

Cap Rate
5.14%
Gross SF
6,950
Rentable SF
6,950
Price/Gross SF
$827.34
Lot Size
0.48 acres
Year Built
1959

Investment Highlights

  • 100 percent occupied retail strip center located in exclusive Pinecrest municipality of Miami, FL
  • Anchored by AT&T, Landmark Center has a strong tenant roster with aggressive base rental increases for all tenants
  • Recently renovated with over $360,000 of capital improvements, including new roof (20-year warranty), new store fronts, new HVAC units and new pylon signage
  • Four out of five interior bays have been renovated within the last 2 years
  • All tenants have NNN leases

Investment Overview

Marcus & Millichap is proud to exclusively market the Landmark Center retail strip, a 6,950 square foot newly renovated six tenant building located within the exclusive Pinecrest municipality of Miami. The 100 percent occupied property is located on heavily travelled South Dixie Highway (US-1) with over 63,000 vehicles passing the property daily. Anchored by AT&T, the property is ideally configured with multiple small bays and a healthy parking ratio of over four spaces per 1,000 square feet. The owners of Landmark Center have recently spent over $360,000 renovating the property. New improvements include a brand-new roof (with 20-year warranty), new store fronts, new HVAC units and new 40-year recertification. Pinecrest is one of the wealthiest municipalities in all of Miami- Dade County with an average household income of over $155,000 within one mile of the subject property.

Exclusively Listed By

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