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http://www.terrilealhomes.com/miami-beach-mls-listing/A1545136.htm
Price: $3,000,000 MLS Number: A1545136  Commercial / Investment - SOLD
 Address: 530 OCEAN DR Unit REST, Miami Beach, Florida 33139 USA
 Unit: REST
 
 Year Built: 1937
 
 Date Sold: 09/01/2011
 
 Remarks:
RARE OPPORTUNITY TO ACQUIRE A NNN INVESTMENT PROPERTY ON OCEAN DRIVE. LEASED TO A successful RESTAURANT GROUP. SALE INCLUDES AN EXTENSIVE LIST OF LEASEHOLD IMPROVEMENTS. LANDLORD SPENT APPROXIMATELY 1.8M IN FACILITY. LEASE TERM: INITIAL 7 YEARS WITH (1) FIVE YEAR OPTION. $20,000 P/M + NNN W/ANNUAL INCREASES AND PERCENTAGE (%) RENT. SALE INCLUDES TWO FOLIOS.
 
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