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120 Giralda Avenue, Coral Gables, FL

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120 Giralda Avenue

Coral Gables, FL 33134-5209 - Coral Gables Submarket

Property Type:Office Sub Type:- Status:Existing Year Built:1947
Stories:2 Typical Floor:9,752 SF Building Size:16,759 SF
For Sale Price:$5,700,000 Price/SF:$340.12
Cap Rate:-
Parking:Ratio of 2/1,000 SF
16,759 SF is available to occupy upon purchase.

Sale Notes:
Real Miami Commercial is pleased to present 120 Giralda Avenue, a three-story Class B office building totaling 16,759 rentable square feet, located in Coral Gables, Florida. Built in 1952, the concrete block building is situated in one of Miami's most exclusive cities, Coral Gables, and is close to the Hyatt Regency, Ponce De Leon, and Miracle Mile business and retail district. This building offers owners and investors an opportunity to own a stable asset in one of the strongest submarkets in South Florida. The property is in good condition and the architectural beauty of its original facade has been maintained. Property includes two parcels of land that total 7,500 square feet. These parcels of land serve as surface parking for the property and can accommodated 34 parking spaces. The 7500 parcel is zoned for 6 stories and the 120 building for 4 stories with additional bonuses available. According to Coral Gables you can build 54,000 Sq Feet + there are extra bonuses for building style (Mediterranean) and also for pass troughs etc.
The property is located in Coral Gables, which is best known as one of the first urban communities planned during the "City Beautiful" reform movement. The city is known for its Spanish architecture and its vibrant business district. The city's strategic location and professional employee base, coupled with its outstanding community and family oriented environment make it an attractive choice for living and working. The majority of businesses in Coral Gables service local and international clientele. Coral gables is one of the strongest investments in Miami, making this one of South Florida's premium office submarkets. It is known as the other Downtown. It is close to 3 expressways and minutes from the airport, Downtown and the South Beach.

Real Miami Commercial Real Estate LLC
Daniel G Zelonker
(786) 391-3737

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