12250-12282 SW 117TH CT MIAMI, FL 33186
Real Capital Partners LLC is pleased to present 12250 SW 117th Ct. This building is currently being used as an automotive center. It has 6 tenants occupying 9 bays. Most of the tenants are on a month to month basis. All of the tenants are in the automotive business. Paint, Transmission, and Towing etc. We feel the highest and best use is for an owner user to occupy a majority share of the square footage of the building and lease whatever remaining share of the building he or she does not want to occupy. SBA financing offers 90% LTV for any owner occupant who occupies at least 50% of the building. As per Florida First Capital, a blended 5.44% interest rate under a 25 year amortization is offered for this property. The monthly mortgage amount would be $31,788 and RE taxes-Insurance at $5,238 for a total carrying cost of $37,026. If half the building is rented for $10/SF = $16,666 monthly, the net owner occupied space would be $20,360, costing $11.63/SF for the owner occupied space. Total estimated out of pocket down payment and closing cost are $595,000. The building is conveniently located off of the Florida Turnpike, SW 120th St exit 19. It backs up to the turnpike allowing for signage opportunity of a daily traffic count of 197,400 cars daily. The building was recently re-roofed and painted.
Maaco Collision Repaint & Auto Painting 8,850 SF
Geneva Import Motors Inc 500 SF
Castilla Auto Repaint 3,000 SF
Near Major Markets And Passenger And Cargo Hubs:
One of the premium industrial markets in South Florida: