Property Facts
- Address 4000 SW 57th Avenue | South Miami, FL 33155
- Property Type Retail
- Property Size 15,115 SF
- Asking Price $16,500,000.00
- Cap Rate 4.96%
- NOI $818,509.16
Location Features
• Positioned in a highly walkable, transit-friendly corridos within Coral Gables’ urban core
• Two miles to Metrorail access, one mile to University of Miami
• 458,000 population in a 5 mile radius
• Hard-corner signalized intersection at SW 40th St (Bird Rd) and SW 57th Ave (Red Rd)
• Less than a mile from the University of Miami’s campus
Property Features
- — 15,115 SF fully leased, multi-tenant retail center, renovated in 2023
- — Triple-net lease structure with staggered expirations and built-in annual rent bumps
- — Signature tenant CalaMillor, a celebrated Spanish restaurant and bakery concept, anchors the center
- — $221,000 Average household income in a 1-mile radius
- — 70,000+ vehicles per day
