6% Cap in Wilton Arts District on Dixie Hwy | 2420-2426 N Dixie Hwy
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6% Cap in Wilton Arts District on Dixie Hwy 2420-2426 N Dixie Hwy
3,357 SF 100% Leased Flex Building Wilton Manors, FL 33305 $1,931,435 CAD ($575 CAD/SF) 6.06% Cap Rate
Investment Highlights
- 6% Cap Yr1 w/ 3% escalations on all leases
- Exciting Growth i.e. The "Wilton Hotel & Pool Club" (8-story hotel w/ rooftop pool) + 190-luxury rental project
- 3,357sf Building on a 6,110sf parcel zoned TOC-S located in the emerging Wilton Manors Art District
Executive Summary
Compass Commercial presents a 3,357sf flex-retail building in the emerging Wilton Manors Art District providing a stabilized 6% Cap Rate. Unparalleled visibility fronting Dixie Hwy and steps from the approved "Wilton Hotel & Pool Club" and the "Five-Points" intersection. The property is 100% leased with a synergetic tenant mix consisting of (3) art galleries and (1) Italian wine boutique. The immediate area is experiencing a transformation i.e. The "Wilton Hotel" (8-story hotel w/ rooftop pool) and additionally a 190-luxury rental project. Ownership has undergone significant updates including sealing the roof, electrical, re-surfaced parking lot and 50yr recertification. Do not miss out on this stable cash-flowing asset with upside situated across the street from the proposed "Wilton Hotel & Pool Club".
Financial Summary (Actual - 2024) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Amenities
- Security System
- Air Conditioning
Utilities
- Lighting
- Water
- Sewer
- Heating
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Walk Score ®
Very Walkable (88)
Bike Score ®
Very Bikeable (74)
PROPERTY TAXES
| Parcel Number | 49-42-26-26-0041 | Improvements Assessment | $626,390 CAD |
| Land Assessment | $126,786 CAD | Total Assessment | $753,176 CAD |
PROPERTY TAXES
Parcel Number
49-42-26-26-0041
Land Assessment
$126,786 CAD
Improvements Assessment
$626,390 CAD
Total Assessment
$753,176 CAD
zoning
| Zoning Code | TOC-S (Transit Oriented Corridor (TOC)) |
| TOC-S (Transit Oriented Corridor (TOC)) |
-
Andy Perez-Cervera -
Compass
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6% Cap in Wilton Arts District on Dixie Hwy | 2420-2426 N Dixie Hwy
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