9871 SW 88th St. is a 10K SQF retail strip center. Golani observed significant mismanage and below-market rents at a reasonable price per sqf, great location (one block from the interstate exit on a main street). The property was acquired for a full asking price with short due diligence and no financing contingency. Within three years, revenues increased by over 30%.
TYPE & CLASS OF PROPERTY
Retail strip center, one story.
Prime location in the heart of Kendall, FL; Close to the interstate highway.
Approximately 10,000 sqf
Golani obtained a commercial loan (refinance) at a 70% LT.
at current rent roll