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3300 W 84th St

Hialeah, FL 33018

$13,500,000

Storefront For Sale  •  36,866 Sq Ft

Property Details

  • Property Type Storefront
  • Total Building Size 34,013 Sq Ft
  • Lot Size 3.06 ac
  • Building Class B
  • Year Built 1998
  • Cap Rate 6.01 %
  • Tenancy Multiple
  • Zoning C-2
27 Transit Score
75 Walk Score

Description

Marcus & Millichap is pleased to present Paraiso II Shopping Center located at 3300 West 84 Street in Hialeah, Florida. This presents the rare opportunity for an investor to acquire a fully leased, well maintained asset in the densely populated city of Hialeah. Hialeah is known for its high level of consumer discretionary income which contributes to the overall success of the retail businesses throughout the city. Built in 1998, the buildings are in excellent shape with new concrete roofs. Some of the larger destination tenants in the immediate vicinity include Publix Supermarket, Aldi, Ross Dress for Less, Planet Fitness, Verizon, and Chipotle.

Highlights

Rare Hialeah Multi-Tenant Retail Center
NNN Leases with Annual Rental Escalations
New Roof in 2019
100% Occupied - 34% Occupied by Recession Resistant Medical Tenant
Stable Tenant Roster
Seven Tenants Have Been in Place for Over 10 Years

Property Flyers

Cap Rate: 6.01 %

Amenities

  • Freeway Visibility
  • Pylon Sign
  • Signage

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Scott Sandelin 786-522-7015 Marcus & Millichap
Scott Sandelin 786-522-7015 Marcus & Millichap