155 Majorca Ave # 185, Coral Gables FL 33134 155 Majorca Ave # 185, Coral Gables FL 33134 155 Majorca Ave # 185, Coral Gables FL 33134 155 Majorca Ave # 185, Coral Gables FL 33134 155 Majorca Ave # 185, Coral Gables FL 33134 155 Majorca Ave # 185, Coral Gables FL 33134 155 Majorca Ave # 185, Coral Gables FL 33134 155 Majorca Ave # 185, Coral Gables FL 33134 155 Majorca Ave # 185, Coral Gables FL 33134 155 Majorca Ave # 185, Coral Gables FL 33134 155 Majorca Ave # 185, Coral Gables FL 33134 155 Majorca Ave # 185, Coral Gables FL 33134 155 Majorca Ave # 185, Coral Gables FL 33134 155 Majorca Ave # 185, Coral Gables FL 33134 155 Majorca Ave # 185, Coral Gables FL 33134 155 Majorca Ave # 185, Coral Gables FL 33134
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$2,400,000
290 days
Active With Contract • 0 BEDS • 0 BATHS • 0 SQFT

Overview

Income-producing retail in Coral Gables. The 6,040 RSF is leased to My Salon Suites. Constructed in 2015, MSS offers 27 private state-of-the-art spacious suites. The Tenant has exercised an early lease option, showing commitment and longevity to the retail space in Coral Gables. Lease through 9/30/2029 with (1) five-year lease options. Parking: 30 garaged spaces. Average Capitalization Rate 5.12%. Scheduled Lease increase: 6% rental increase in Oct. 2022 and a 10% rental increase in October 2024.

Facts and features

Type:
Commercial Sale
Year Built:
2008
Heating:
No Data
Cooling:
No Data
Parking:
No Data
Lot:
No Data
Price/sqft:
No Data

Estimate

$682,000
Estimated sales range: $654,800 - $748,100

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The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2021-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: RE/MAX 360 Real Estate