260 Crandon Blvd #C39

Key Biscayne, FL 33149

Studio

0 Bath

$1,256,000 - $1,534,000

Reference Base Price*

5.01%

Since Aug 1, 2022

FL-Miami

Primary Model

About This Property

For Sale | Retail Condo | 1,044 Square Feet | Investment | 5.54% Cap RatePROPERTY OVERVIEW:• Price $1,500,000• Type: Investment• Unit: C39• Unit Size: 1,044 SF• # of Floors: 2• Property Type: RetailDETAILS:• Own a slice of Key Biscayne• 5.96% Cap Rate• 3% Annual Rental Increases• Fully NNN. Tenant reimburses for all expenses• Minimal owner responsibilities• Same Tenant since 2013• 2.5 years left on Term• Current NOI $83,158.47INVESTMENT HIGHLIGHTS:• Part of 32,028 square foot shopping center.• Other Tenants in the shopping center include Iberia Bank, Bank of America, and many restaurants and retailers.• High barrier of entry in the market with an affluent, captive customer base.

Unit Size

Days on Market

Land Size

0.74 acres

Price per sqft

Property Type

Commercial

Property Taxes

$1,056

HOA Dues

Year Built

1952

Payment Calculator

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Price History

Date / Event	Date	Event
Jul 21, 2022	No longer available	-
No longer available
Jul 20, 2022	Sold	Premium
Sold
Mar 31, 2022	Price Decreased	$1,395,000 ↓ $105K (7%)
Price Decreased
Feb 24, 2022	Price Decreased	$1,500,000 ↓ $173K (10.3%)
Price Decreased
Feb 2, 2022	Relisted	$1,672,800
Relisted
Jan 28, 2022	No longer available	-
No longer available
Dec 21, 2021	Relisted	$1,672,800
Relisted
Dec 20, 2021	No longer available	-
No longer available
Dec 19, 2021	No longer available	-
No longer available
Dec 9, 2021	Listed	$1,672,800
Listed
Dec 9, 2019	Sold	Premium
Sold

Property Highlights

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Comparables

Past Sales

Date	Unit	Beds	Baths	Sqft	Price	Closed	Listed By
20260319 Unit C41 03/19/2026	C41	Loft	-	32000 ft²	$7,200 Loft - 32000 ft²	$6,800 -5.56% 09/30/2026	Francoise Wynne Ashton Real Estate, Inc.
20231122 Unit C15 11/22/2023	C15	Loft	-	-	$1,400,000 Loft -	- -	James Salas E Realty International, Inc.
20230929 09/29/2023		Loft	-	-	$350,000 Loft -	- -	Raul Gil Business Unlimited Realty
20230927 Unit B6 09/27/2023	B6	Loft	-	-	$1,198,700 Loft -	- -	Victoria De Giraldo BHHS EWM Realty
20211209 Unit C39 12/09/2021	C39	Loft	-	-	$1,672,800 Loft -	$1,360,000 -18.70% 07/20/2022	Edward Schmidt E. L. S. Realty Corp.
20211020 Unit C13 10/20/2021	C13	Loft	-	-	$1,100,000 Loft -	- -	Denise Estefan Avanti Way
20210421 Unit C13 04/21/2021	C13	Loft	-	-	$1,100,000 Loft -	- -	Denise Estefan Avanti Way
20181231 Unit 39 12/31/2018	39	Loft	-	-	$990,000 Loft -	$970,000 -2.02% 11/20/2019	Gus Martinez Keller Williams Realty SW
20180930 09/30/2018		Studio	-	-	- Studio -	- -	-