Portfolio of two strip centers located in Hallandale and Miramar.
Both properties are in excellent locations and are 100% occupied.
6-Store Shopping Center for Sale:
One-Story Masonry Building with ample front parking
1 Park Lane, Massapequa, NY
Income: $227,708 / Expenses: $75,149
NOI: $152,559 / Price: $2,750,000
- Excellent location - close to SeaTac Airport; Surrounded by Ambaum Blvd S and Des Moines Memorial Drive S.
- Plenty of parking spaces-- 50 plus street parking on Des Moines Memorial Drive. - Built in 1987; Rooftop HVAC for each unit. Wood frame;
- Rents are the lowest in the area;
- 12,000 building square feet, 34,848 lot square feet (.8 acres).
- King County Tax ID # 3223049008.
- All units are NNN with 3% annual increase; NNN includes property tax, insurance, property repair, maintenance,property management fees, etc.
-100% fully rented.
size : 34,700 SF lot
5-Unit Retail Shopping Center
Name: Ambaum Retail Center
Address: 17730 Ambaum Blvd S, Burien, WA 98148
Tommy Chen, Property Manager
Price $2,510,000 Listing price
Base Rents $151,137= Net Oper. Income
6.02 % CAP Rate
4014650143 shopping plaza two level 10 stores or offices fully rented parking front and back central air and heat all updated fire alarm graet location mineral spring avenue 1759 mineral spring avenue call for information
410 E. Sample Rd.
Price $2,100,000 Property Use Type Investment
Gross Leasable Area 7,708 SF Cap Rate 9.63%
Price/SF $272.44 Occupancy 100%
Property Type Retail Tenancy Multiple
Property Sub-type Strip Center Lot Size 26,000 SF
Strip Shopping Center Consisting Of 2 Buildings On Busy Sample Rd. - 100% Leased - Triple Net Leases - 5% Annual
Rent Increases - $2,100,000
Sample Rd - East Of 95
Financial Summary (Actual)
Net Operating Income $236,147
Paradise Shopping Plaza is a newly commercial building that has 8 units. We have 6 built out units at 800sq.ft. each.
The mechanicals are separate. We have a newly created 2,000sq.ft. unit that is unfinished. There is over 40,000sq.ft. of parking available.
We have 2 units leased to date. Traffic according to the DOTD is 19,989 on this highway. Call or email for more information.