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260 Crandon Blvd
Key Biscayne, FL 33149

$1,450,000 USD

Storefront Retail Office Condo For Sale  •  1,044 SF

Property Details

  • Property Type Storefront Retail Office
  • Total Building Size 32,028 SF
  • Lot Size 0.74 AC
  • Building Class B
  • Year Built 1981
  • Cap Rate 5.38 %
  • Tenancy Multiple
  • Zoning C1
0 Transit Score
80 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit 3 Retail 1,044 SF $1,450,000 USD
  • Unit Size: 1,044 SF
  • Condo Use: Retail
  • Price: $1,450,000 USD
  • Sale Type: Investment
  • Price/SF: $1,388.89 USD
Description
in contract - accepting back up contracts - NNN investment retail condo located at the shopping center The Square in Key Biscayne. The plaza is comprised of a mix of restaurants and retailers making it the most prominent center in the Key.

Property Brochure: https://facommercial.com/properties/?propertyId=1209968-lease

Sale Notes
Sale Leaseback at closing
Tenant: Freddo Gelato (Master Franchisee for South FL.)
Freddo is an international brand with over 200 locations worldwide.
Monthly Base Rent: $6,500/mo + NNN expenses
Term: 10 year lease

Description 

NNN investment retail condo located at the shopping center The Square in Key Biscayne. The plaza is comprised of a mix of restaurants and retailers making it the most prominent center in the Key.

Property Brochure: https://facommercial.com/properties/?propertyId=1209968-lease

Highlights

Sale Leaseback at closing
Tenant: Freddo Gelato (Master Franchisee for South FL.)
Freddo is an international brand with over 200 locations worldwide.
Monthly Base Rent: $6,500/mo + NNN expenses
Term: 10 year lease

Property Flyers

Financial Summary

Cap Rate: 5.38 %
Total Expenses: $0 USD

Amenities

  • Banking
  • Property Manager on Site
  • Restaurant
  • Signage
  • Tenant Controlled HVAC

Public Transportation

Commuter RailDriveWalkDistance
Vizcaya (Metrorail Green Line - Miami-Dade Transit (Metrorail/Metromover)) 13 min - 6.8 mi
Brickell (Metrorail) (Metrorail Green Line - Miami-Dade Transit (Metrorail/Metromover)) 15 min - 7.9 mi
AirportDriveWalkDistance
Miami International 36 min - 19.3 mi
Fort Lauderdale/Hollywood International 47 min - 31.0 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 171
Type: Surface
Included in Rent: Yes
Fabio Faerman 786-262-9966 FA Commercial
Fabio Faerman 786-262-9966 FA Commercial