SPRINGS TOWN CENTER

1 Curtiss Parkway,

Miami Springs, FL 33166

Price:
Contact Listing Agents
Total Units:
51 Apartments | 12 Commercial Suites
Number of Buildings:
1
Number of Stories:
3
Years Built:
2024
Zoning
B-1

Square Feet:

133,427 Square Feet (*MDPA)
Living Area:
50,194 Square Feet (Apartments) (*MDPA)
Lot Size:
50,130 Square Feet (*MDPA)
Type of Ownership:
Fee Simple
Utilities – Water:
City of Miami Springs – Paid by Owner
Utilities – Electric:
FPL – Paid by Tenant
HVAC:
Central Air Conditioning

INVESTMENT OVERVIEW

The Thomas Team of Marcus & Millichap is pleased to present Springs Town Center, a mixed-use property featuring (51) apartments and 23,073 square feet of ground-floor commercial located at 1 Curtiss Parkway in Miami Springs, Florida.

SUBJECT PROPERTY

Springs Town Center was constructed in 2024 and consists of 73,267 square feet of leasable area with 127 parking spaces, including 97 structured garage spaces and 30 on-street spaces. The 51 apartments consists of (40) two-bedroom/two-bathroom units averaging 918 square feet and (11) three-bedroom/three-bathroom units averaging 1,226 square feet.  The property also includes (12) commercial suites totaling 23,073 square feet leasable.

LOCATION

Springs Town Center is located in the heart of Miami Springs, Florida, with a walk score of 93 (walker’s paradise), offering residents convenient access to numerous cafes, restaurants, retailers and service providers. The surrounding 5-mile area reports an average household income of $77,616. The property is also a short drive to Miami International Airport (2.6 miles), Hialeah Park Casino (2.6 miles), Miami Freedom Park & Soccer Village (3.4 miles), LoanDepot Park (5.1 miles), and Downtown Miami (9 miles).

Surrounding area retailers and points of interest include Starbucks, AT&T, Metro PCS, UPS Store, Coverall Medical Center, and Jimmy John’s (+/- 100 feet), CVS (0.1 miles), Circle Park (0.2 miles), Milam’s Market (0.2 miles), Publix Super Market at Hialeah (0.2 miles), Truist Bank (0.2 miles), Sushi Saki (0.3 miles), Miami Springs Farmers Market (0.3 miles), Walgreens Pharmacy (0.5 miles) and Miami Springs Golf & Country Club (0.8 miles).

Nearby educational facilities include Miami Springs Elementary School (0.4 miles), South Hialeah Elementary School (0.5 miles), Miami Springs Middle School (0.8 miles), and Miami Springs Senior High School (1.0 miles).

SUMMARY

Springs Town Center is being offered for sale unpriced, to be determined by the market.

INVESTMENT HIGHLIGHTS

  • Newly Constructed (2024) Institutional-Quality Mixed-Use Asset Requiring minimal near-term Capital Expenditures
  • (40) Two-Bedrooms, (11) Three-Bedroom Apartments, Averaging 984 SF with In-Place Rent of $3,114 per month
  • 23,073 Square Feet of Commercial (12 suites), Fully Leased at ~$34 per Square Foot NNN (see rent roll)
  • Walkable Miami Springs location minutes from Miami International Airport and major employment centers

EXCLUSIVELY LISTED BY

ADAM MARCUVITZ

Associate Director
Miami Office
Tel: (786) 522-7194
FL SL 3462213
adam.marcuvitz@marcusmillichap.com
Miami Dade County

JOSEPH THOMAS

Senior Managing Director Investments
Senior Director, National Multi Housing Group
Fort Lauderdale Office
Tel: (954) 245-3492
License: SL FL 3174354
joseph.thomas@marcusmillichap.com

Springs Town Center