274 Alhambra Cir
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274 Alhambra Cir
4,935 SF 100% Leased Retail Building Coral Gables, FL 33134 $3,950,000 ($800/SF) 5.40% Cap Rate
Investment Highlights
- GABLES FULLY LEASED NNN FREESTANDING RETAIL.
- UNDERMARKET RENTS WITH HUGH UPSIDE POTENTIAL
- WALKING DISTANCE TO ALL GABLES AMENITIES
- PRIME CBD LOCATION IN THE HEART OF THE FINANCIAL DISTRICT
- CONFIDENTIAL LISTING WITH NDA REQUIRED
- SELLER FINANCING AVAILABLE
Executive Summary
Fantastic Opportunity to purchase a fully leased Freestanding building in the heart of the Gables business District. Both tenants at under market rents with hugh upside potential. Property is being sold as a confidential listing and an NDA is required. Co-Brokers welcome!
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
4,935 SF
Building Class
C
Year Built
1940
Price
$3,950,000
Price Per SF
$800
Cap Rate
5.40%
NOI
$213,477
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.66
Lot Size
0.17 AC
Zoning
CB - MX3 ZONING IS THE HIGHEST INTENSITY OF DEVELOPMENT AND ALLOWS FOR A VARIETY OF RETAIL AND PROFESSIONAL OFFICE USES
Frontage
47 FT on Alhambra Cir
Amenities
- Bus Line
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Altagracia
- Accommodation and Food Services
-
99,999 SF
- -
-
Lorem Ipsum
- -
- Pierre's Cleaners
- Services
-
99,999 SF
- -
-
Lorem Ipsum
- -
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Altagracia | Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | - | |
| Pierre's Cleaners | Services | 99,999 SF | - | Lorem Ipsum | - |
Walk Score ®
Walker's Paradise (98)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,285,000 | |
| Land Assessment | $750,000 | Total Assessment | $4,299,599 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$750,000
Improvements Assessment
$1,285,000
Total Assessment
$4,299,599
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274 Alhambra Cir
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