6705 SW 57th Ave - Office/Residential CONDO FOR SALE


Coral Gables, FL 33143- Lower Riviera
$2,600,000 USD
561-957-2721
6705 SW 57th Ave, Coral Gables, FL for Sale
$2,600,000 USD
Office/Residential CONDO - FOR SALE
1/45
null | 6.01% Cap Rate

6705 SW 57th Ave
Coral Gables, FL 33143
Lower Riviera


HIGHLIGHTS

  • Fully built-out medical suite with 7 exam rooms and private office
  • Minutes from Baptist Health South Miami Hospital and University of Miami
  • 100% occupied medical office investment with a 5-year term at a 6% cap rate

OVERVIEW

$156,273 in NOI with a 6% cap on 3,050 SF. Lease includes 3% annual rent increases over a 5-year term. Coral Gables medical vacancy remains under 5%, with rental rates trending upward. High-credit tenancy and professional management in place. Ideal for 1031 buyers, passive investors, or future owner-users in the supply-constrained area of Coral Gables.

FOR SALE DETAILS

PRICE

$2,600,000 USD

PRICE/SF

$852 USD /SF

CAP RATE

6.01%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

ADD'L SUBTYPES

Loft/Creative Space, Medical

TOTAL BUILDING SIZE

113,636 SF

STORIES

7

BUILDING CLASS

B

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

2.29 AC

LAND SF

99,646 SF

ZONING

MX1-MIXED USE 1

APN/PARCEL ID

03-4130-035-0310

ASK ABOUT THIS PROPERTY

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561-957-2721

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561-957-2721

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