8300 NW 36th St, Doral, FL

CityPlace Doral

Asset Description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire CityPlace Doral, a 235,096 square foot value-add grocery-anchored destination retail center located in the heart of Miam-Dade County within Florida’s fastest growing city, Doral. The property is currently 82.7% leased to an exceptional roster of necessity, fitness, entertainment, food & beverage and service operators led by The Fresh Market, CMX Cinebistro and Anatomy, as well as a strong complement of leading national retailers/highly productive restaurants, including Novecento, Coopers Hawk, Carrot Express, Kuba Cabana, and Tap 42 among others.

CityPlace Doral represents a rare opportunity to acquire a regionally dominant, value-add grocery-anchored asset of scale in Miami with a diversified revenue stream, high-volume tenant sales, compelling NOI growth with numerous value enhancement opportunities at pricing significantly below replacement cost.

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Attributes

Building area net

21,841 m²

Occupancy

82.7%

Year built

2017

Land area net

7.15 ha

Media

Investment Highlights

82.7% occupancy and ~70% 5-year projected NOI growth
Highly productive tenancy with demonstrated sales performance
Leading dining and entertainment destination with over 2.3M annual visitors
Over 112,836 residents with $98,835 AHHI and 240,508 daytime population within 3 miles