Stand-alone retail building totaling 3,700 sq ft on a 10,700 sq ft lot fronting 125 St and NE 5 Ave and a development hot spot. Underlying C-3 zoning allowing for a multitude of vertical development. Currently rented to a national tenant on a Double Net Term. FDOT car count stands at over 30,000 per day, what that means to you is that any tenant/occupant will benefit from a high car count. Property is currently leased out to a national tenanting an exploding industry with several years left on the lease.
Nearby projects include a 466 unit storage development on 146 street, an 8 story multifamily development and a nearly 1300 multifamily/mixed use development.
40 Year certificationn complete
505 NE 125th St, North Miami, FL, 33161
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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