West Dixie Plaza Miami, Florida

$2,120,000
Cap Rate: 5.65%
Property type: Multi-Tenant / Shopping Center

Property Details

Cap Rate: 5.65%
Price: $2,120,000
Rentable Square Feet: 8,932 SF
Total Square Feet: 10,595 SF
Net Operating Income: $122,990
Price PSF: $237.35
Land Area: 0.77 Acres
Year Built: 2012

14600 West Dixie Hwy
Miami, Florida 33161

Investment Highlights

  • Nearly 9,000-Square-Feet of Retail Space, 100 Percent Occupied
  • Located off Dixie Highway, With a Daily Traffic Count of More Than 23,000 Vehicles
  • Surrounding National Retailers Include Costco, Publix, Petco, Target, Bravo Supermarket, Family Dollar, TGI Fridays, Chipotle, CVS, Starbucks, Tires Plus and Many More
  • One Mile from Johnson & Wales University – North Miami
  • 2.5 Miles from Florida International University (FIU) Biscayne Bay Campus
  • Population of More Than 430,000 Within a Five-Mile Radius of Subject Property
  • Miami Metro Area has a Population of Roughly 2.7 Million
  • Miami is the most Populous City in Miami-Dade County, with More Than 443,000 Residents

 

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale West Dixie Plaza, a multi-tenant asset located in Miami, Florida. The subject property is nearly 9,000 square feet of retail space and is 100 percent occupied.

West Dixie Plaza is located off Dixie Highway, with a daily traffic count of more than 23,000 vehicles. Surrounding national retailers include Costco, Publix, Petco, Target, Bravo Supermarket, Family Dollar, TGI Fridays, Chipotle, CVS, Starbucks, Tires Plus and many more. The subject property is one mile from Johnson & Wales University – North Miami campus, and 2.5 miles from Florida International University (FIU) Biscayne Bay campus.

The immediate area has strong demographics with a population of more than 430,000 within a five-mile radius of the subject property. The Miami metro has a population of roughly 2.7 million and is expected to add nearly 127,000 people over the next five years. The city of Miami is the most populous city in Miami-Dade County, with more than 443,000 residents.

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