Basic Information

  • MLS # A10971218
  • Type Commercial
  • Status Active Under Contract
  • Suddivision/Complex
  • Year Built 2008
  • Total Sqft 0
  • Date Listed 12/15/2020
  • Days on Market 354
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.

Exterior Features

  • Waterfront No
  • Pool No
  • Parking Spaces 0
  • Parking Description
  • Style Condominium

Interior Features

  • Adjusted Sqft 0
  • Sq Ft Total 0

Property Features

  • Address 155 Majorca Ave 170-185
  • Association Fee Frequency Monthly
  • City Coral Gables
  • County Miami-Dade County
  • Furnished Info No
  • Listing Terms Cash, Conventional
  • Occupant Type Tenant
  • Possession Closing Funding
  • Postal City Coral Gables
  • Public Survey Township 3
  • Short Sale Regular Sale
  • Subdivision Complex
  • Subdivision Info
  • Tax Amount $0.00
  • Tax Information THE PONCE TOWER COMMERCIAL CONDO UNIT 170 UNDIV .0338% INT IN COMMON ELEMENTS OFF REC 26353-4518 26470-1950
  • Tax Year 0
  • Terms Considered Cash, Conventional
  • Type of Property Condominium
  • Year Built Details Resale

155 Majorca Ave #170-185

Coral Gables, FL 33134

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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

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