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

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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