17200 NE 19 Ave

    North Miami Beach, FL 33162
    • $1,650,000
    • STATUS: Closed
    • ON SITE: 302 days
    • MLS #: A10573888
    Sold - 08/07/2019
    $1,650,000
    SOLD - 08/07/2019
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    22
    Type:
    Commercial
    County:
    Area:
    22

    School Ratings & Info

    Description

    This freestanding building is leased to a Medical Physician group named Qual-Care. Qual-Care has just signed a new triple net lease (NNN) lease and considered to be a credit tenant. Qual-Care has just signed a new twelve year lease with one, twelve year option. They're paying $10,000 a month plus CAM, with 3% annual increases. Actual net operating income is $120,000 a year for year one. This transaction will yield an investor a 6% capitalization rate at the full asking price price.The physical property is in excellent overall condition with a high quality medical office build-out. There is no major deferred maintenance. Excellent investment opportunity. Please remember to not disturb existing tenant, all showings are by appointment only. Call Broker for additional information.

    Monthly Payment Calculator



    Copyright 2019, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2019, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2019-09-18T11:42:02.79.
    www.rileysmithgroup.com/homes/89532685

    17200 NE 19 Ave North Miami Beach, FL 33162

    • Price: $1,650,000
    • Status: Closed
    • Updated: 17 min ago
    • MLS #: A10573888
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    Neighborhood:
    22
    County:
    Miami-Dade
    Area:
    22
    Property Description
    This freestanding building is leased to a Medical Physician group named Qual-Care. Qual-Care has just signed a new triple net lease (NNN) lease and considered to be a credit tenant. Qual-Care has just signed a new twelve year lease with one, twelve year option. They're paying $10,000 a month plus CAM, with 3% annual increases. Actual net operating income is $120,000 a year for year one. This transaction will yield an investor a 6% capitalization rate at the full asking price price.The physical property is in excellent overall condition with a high quality medical office build-out. There is no major deferred maintenance. Excellent investment opportunity. Please remember to not disturb existing tenant, all showings are by appointment only. Call Broker for additional information.
    Exterior Features

    Num Loading Doors 0 Num Parking Spaces 0 Waterfront Property Yn No

    Interior Features

    Interior Ceiling Height 0.0000 Maximum Ceiling Height 0.0000 Num Offices 0

    Property Features

    Approximate Lot Size 9288 Electric Service 110 Volts Power Intended Use Investment Num Bays 0 Sale Terms Conventional Typeof Property Commercial

    Listing courtesy of Re/Max 5 Star Realty.


    Copyright 2019, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2019, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2019-09-18T11:42:02.79.
     
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