1260 & 1270 NW 29th St 1260 NW 29th St 11,908 SF 87% Leased Retail Building Miami, FL 33142 $3,775,000 ($317.01/SF) 5.50% Cap Rate

Gridline Properties presents an exceptional opportunity in the vibrant Allapattah neighborhood (33142). The property includes two contiguous properties on two separate folios - 1260 and 1270 NW 29th Street - totaling 11,908 square feet on 16,845 square feet of land. Both properties recently underwent extensive renovations and are under lease with a roster of stable and handpicked tenants supported by high-quality NNN lease agreements. Combined the contiguous properties occupy 116 feet of linear street-front exposure with lot depth of 145 feet and feature a city-owned and maintained service-alley on the south side which provides multiple access and egress points. Zoned D1, this well-maintained property offers an attractive location within a rapidly growing area. NOTE: At the current occupancy of 87% the in-place NOI at full asking price is 5.5%. Once the remanding unit is leased the pro-forma income shall yield an NOI of 6.3% NOTE: THIS IS CALCULATED AT FULL ASKING PRICE. There is currently one space, Unit 101 at 1260 nw 29th Street which is vacant, otherwise the property is fully leased. The buyer may opt to occupy this unit for their own use or rent it for addition income.