CURRENT CAPITAL GROUP
954.966.8181
CURRENTCAPITALGROUP.COM
PRESENTED BY TODD NEPOLA
[email protected] (305) 467 4450
PARKWAY PLAZA
6047-6053 Miramar Parkway, Miramar, FL 33023
INVESTMENT • MANAGEMENT • DEVELOPMENT • BROKERAGE
4000 HOLLYWOOD BLVD, 765-S HOLLYWOOD, FL 33021 │ 954.966.8181 WWW.CURRENTCAPITALGROUP.COM
PROPERTY HIGHLIGHTS
• Center has 68 feet of frontage facing the affluent Miramar Pkwy.
• Private Parking with a total of fifteen front and rear spaces.
• Zoned for retail , office and more.
• Recently Renovated Building in 2020.
• Located right off State Rd 7 with a daily traffic count of more than 35,00 vehicles.
• Located in Miramar, FL.
• Strong Demographics surrounded by dense residential area.
•
Only 2.16 miles east from Florida's Turnpike and 2.5 miles west from Highway I-95, exit 18.
PROPERTY SUMMARY
LEASABLE AREA 5,658 ± SF
YEAR BUILT 1961/2020
CROSS STREETS Sate Road 7 (US 441)
CURRENT OCCUPANCY 100%
SALE PRICE $950,000.00
PROPERTY OVERVIEW
Current Capital is pleased to exclusively offer 6047-6053 Miramar Pkwy, Miramar, FL 33023 (the “Property”), a strip center totaling 5,658± square feet in Miramar, FL that is positioned along the edge of the affluent Miramar Pkwy, right off State Rd 7 (441) and just over 2.5 mile west from I-95.
The offering represents the unique opportunity to acquire a strong performing property with a solid existing tenant base, newly renovated storefront, new roof with warranty and well taken care of parking area, currently fully occupied.
The property consists of a 1 story building remodeled in 2020 with 68 feet of frontage along Miramar Pkwy (Hallandale Beach Blvd) in the outlying Miramar City submarket of Broward County, FL. Approximately 35,800 cars per day travel though this corridor on a daily basis.
The property is currently zoned for retail and boasts a diverse tenant roster with an eclectic mix of long term tenants including a multi services office, barbershop, security services agency, restaurant and church.
The total land area equals .27 acres with gross leasable area of 5,658± square feet and fifteen parking spots distributed across the back and front of the property.
With secure in-place income, 6047-6053 Miramar Pkwy, Miramar, FL 33023 is a unique and extraordinary investment opportunity that will not only produce long-term cash flow for the owner, but also possesses the potential for value enhancement.
6047-6053 Miramar Parkway Miramar, FL 33023
6047-6053 Miramar Parkway Miramar, FL 33023
INVESTMENT • MANAGEMENT • DEVELOPMENT • BROKERAGE
4000 HOLLYWOOD BLVD, 765-S HOLLYWOOD, FL 33021 │ 954.966.8181 WWW.CURRENTCAPITALGROUP.COM
6047-6053 Miramar Parkway Miramar, FL 33023
INVESTMENT • MANAGEMENT • DEVELOPMENT • BROKERAGE
4000 HOLLYWOOD BLVD, 765-S HOLLYWOOD, FL 33021 │ 954.966.8181 WWW.CURRENTCAPITALGROUP.COM
INCOME
SCHUDELD BASE RENTAL INCOME $103,200.00
TOTAL REIMBURSEMNT INCOME $1,800.00
POTENTIAL GROSS REVENUE $105,000.00
OPERATING EXPENSES $29,095.00
NET OPERATING INCOME $75,905.00
PRICING DETAIL
PRICE $950,000.00
PRICE PER SQFT $172.73
GROSS LEASABLE AREA (GLA) 5500
LOT SIZE 0.27 Acres
YEAR BUILT / RENOVATED 1961 / 2020
OCCUPANCY 100%
RETURNS
CAP RATE 8%
6047-6053 Miramar Parkway Miramar, FL 33023
INVESTMENT • MANAGEMENT • DEVELOPMENT • BROKERAGE
4000 HOLLYWOOD BLVD, 765-S HOLLYWOOD, FL 33021 │ 954.966.8181 WWW.CURRENTCAPITALGROUP.COM
OPERATING EXPENSES
PROPERTY TAX $18,300.00
INSURANCE $3,200.00
WATER AND SEWER $1,800.00
MANAGEMENT FEE @ 4% $3,795.00
REPAIRS AND MAINTENANCE $2,000.00
TOTAL OPERATING EXPENSES $29,095.00
6047-6053 Miramar Parkway Miramar, FL 33023
INVESTMENT • MANAGEMENT • DEVELOPMENT • BROKERAGE
4000 HOLLYWOOD BLVD, 765-S HOLLYWOOD, FL 33021 │ 954.966.8181 WWW.CURRENTCAPITALGROUP.COM
TENANT SUITESQUARE
FEET
% BLDG
SHARE
TENANT
ORIGINATEDLEASE START LEASE END
TOTAL RENT
PER MONTH
TOTAL RENT
PER YEARCHANGES ON
Nathalie's Kitchen 6047 1000 17.67% 2009 6/1/2020 5/31/2025 $1,700.00 $20,400.00 5% Yearly
JS Protection Security, LLC 6049 1000 17.67% 2020 4/1/2020 6/30/2021 $1,500.00 $18,000.00
Leslie's 24 Hr Bail Bonds & Multi
Services6051 1000 17.67% 2017 4/1/2020 3/31/2021 $1,500.00 $18,000.00
Image Masters Barber Shop &
Salon6053 1000 17.67% 2015 6/1/2020 5/31/2025 $1,650.00 $19,800.00 5% Yearly
Pastor Paul 6053-A 1658 29% 2015 $2,250.00 $27,000.00
Total 5658 100% $8,600.00 $103,200.00
RENT ROLL DETAIL
S STATE ROAD 7 (US 441)
6047-6053 Miramar Parkway Miramar, FL 33023
INVESTMENT • MANAGEMENT • DEVELOPMENT • BROKERAGE
4000 HOLLYWOOD BLVD, 765-S HOLLYWOOD, FL 33021 │ 954.966.8181 WWW.CURRENTCAPITALGROUP.COM
6047-6053 Miramar Parkway Miramar, FL 33023
INVESTMENT • MANAGEMENT • DEVELOPMENT • BROKERAGE
4000 HOLLYWOOD BLVD, 765-S HOLLYWOOD, FL 33021 │ 954.966.8181 WWW.CURRENTCAPITALGROUP.COM
6047-6053 Miramar Parkway Miramar, FL 33023
INVESTMENT • MANAGEMENT • DEVELOPMENT • BROKERAGE
4000 HOLLYWOOD BLVD, 765-S HOLLYWOOD, FL 33021 │ 954.966.8181 WWW.CURRENTCAPITALGROUP.COM