USD 8,495,000

255 University Dr
Coral Gables, Florida 33134

For Sale

Property Description

255 University Drive is one block from the largest development in Coral Gables, The Plaza, a $660M project, including a 5-Star Hotel, Condos, Office Building, Restaurants and Retail. 255 University Dr. is completely modernized and it's close proximity to this site makes the location extremely desirable. This class B office building is approved for medical use.
The first floor is fully leased to a Medical Center with a Triple Net lease, with 1 year remaining on their lease and (2) five year renewal options. The Second floor is fully leased to another Medical Center for 5 years with a Triple net lease. The first floor consist of 5,287 Sq. Ft. and the second floor 5,180 Sq. Ft. The building has 17 private parking spaces, 34 municipal spaces, and has just passed its 40 year re-certification.

Listed by London Foster Realty

Property Details

ID #
A10962695
Status
Sale
Type
Commercial, Industrial, Office
Zip Code
33134
Year Built
1958
Parking Spaces
17
Building Feature
Air Conditioning, Elevator, Smoke alarms
Floor
Ceramic Floor, Marble/Slate Floors, Vinyl Floors
Lease Term
4 To 6 Year Lease, 7-10 Year Lease, Triple Net Lease
Occupancy
Call Listing Agent
Parking
Assigned Parking, Handicap Parking, Street Parking
Type of Building
Medical Office, Professional
Utilities
Internet
Zoning Information
6400
Miscellaneous
County Licenses, Handicap Accessible, Kitchen Facilities, Occupational Licenses

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