Basic Information

  • MLS # A10971218
  • Type Condominium
  • Status Closed
  • Year Built 2008
  • Total Sqft 6,040
  • Date Listed 12/15/2020
  • Days on Market 349
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.

Amenities

Exterior Features

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

Interior Features

  • Adjusted Sqft 6,040Sq.Ft
  • Sqft 6,040 Sq.Ft

Property Features

  • Address 155 Majorca Ave #170-185
  • Aprox. Lot Size 6,040
  • Association Fee Frequency Monthly
  • Furnished Info no
  • Listing Terms Cash, Conventional
  • Subdivision Complex
  • Subdivision Info
  • Tax Amount $0
  • Tax Legal desc 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

155 Majorca Ave #170-185

Coral Gables, FL 33134

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