ADVISORY AND TRANSACTIONAL SERVICES FOR SELLERS AND INVESTORS

TD Bank – Miami, FL – Ground Lease

14995 SW 88th Street
Sold

SOLD PRICE: $6,975,000
CAP RATE: 3.94%

  • Investment grade tenant; one of the 10 largest banks in the U.S., with approximately 1,300 locations
  • Miami’s metro area is the eighth most populous and fourth-largest urban area in the U.S., with around 5.5 million people
  • Located adjacent to Target and near other major retailers including Publix, Wal Mart & Home Depot
  • 53,500+ cars ADT and nearly 354K people, with an average household income of $74K+, within five miles
  • 25 year lease with rent increases and options to extend; zero landlord responsibilities
  • Florida has NO STATE INCOME TAX
  • There are no features available

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$6,975,000

2,961 sf

Price:

$6,975,000

Cap Rate:

3.94%

Building Size:

2,961 sf

SF Land Area:

1.0 acre

Current NOI:

$275,000

Lease Type:

Ground Lease

Remaining Term:

Thirteen (13) Years

Status:

Closed

CONTACT BROKER

Michael Zimmerman

(919) 391-9901

Download Offering Memorandum
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