16 photos
USD 2,400,000
155 Majorca Ave 170-185
Coral Gables, Florida 33134
For Sale
Property Description
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.
Listed by RE/MAX 360 Real Estate
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Property Details
- ID #
- A10971218
- Status
- Sale
- Type
- Commercial, Industrial
- Zip Code
- 33134
- Year Built
- 2008
- Parking Spaces
- 30
- Electric Service
- 3 Phase Electric
- Lease Term
- 7-10 Year Lease, Subject To Lease
- Location
- City Location
- Occupancy
- Tenant Occupied
- Type of Building
- Condominium
- Utilities
- Internet
- Zoning Information
- 6400
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Listing content provided by the Miami Association of REALTORS