Description
The subject property is comprised of a 6,000 SF of building on a combined 10,500 SF of land. The two contiguous parcel offering includes both 170 NW 24 St & 165 NW 23 St, constituting a flow-through property with 50' of frontage on two of Wynwood's highly activated streets. In-place income from three fully entitled restaurant tenants, the largest and longest-running of which is at dramatically below market rental rate. The estimated 6.6% cap rate on a 3 year proforma is grounded in rental rates already being achieved in the Wynwood sub-market. All impact fees have been paid. Tenant's are separately metered for both electric and water. Exclusively represented by Central Commercial Real Estate
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0BEDS
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0.24ACRES
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0BATHS
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01/2 BATHS
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5,880SQFT
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$1,105$/SQFT
School Ratings & Info
Description
The subject property is comprised of a 6,000 SF of building on a combined 10,500 SF of land. The two contiguous parcel offering includes both 170 NW 24 St & 165 NW 23 St, constituting a flow-through property with 50' of frontage on two of Wynwood's highly activated streets. In-place income from three fully entitled restaurant tenants, the largest and longest-running of which is at dramatically below market rental rate. The estimated 6.6% cap rate on a 3 year proforma is grounded in rental rates already being achieved in the Wynwood sub-market. All impact fees have been paid. Tenant's are separately metered for both electric and water. Exclusively represented by Central Commercial Real Estate
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