Multi-Use Professional Building
Listing was updated at: 02/28/2019
Property Overview
Price/Rent PSF $ 2,400,000.00
Asset Type Office
Trade Type Sale & Lease
SQ. FT. Available 7,200
Date Available 02/28/2019
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Floors 2
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Description

Location
This property is located within the Downtown "CBD" a three blocks stroll to the recently completed "Miracle Mile Streetscape", a $21 Million Dollar "Streetscape" renovation and beautification project for outdoor dining, public art ,etc. and the building is within one block walk to neighborhood restaurants, retail, and business services and the Coral Gables Free Trolley stop at the corner of Almeria and Ponce de Leon Blvd., the primary commercial thoroughfare through Downtown Coral Gables. The Trolley connects the Metro Rail to Coral Gables commercial and residential districts and public transportation to Calle Ocho,/SW 8th St.and the Miami Trolley System. The Plaza Coral Gables construction is underway delivering over 1,000,000 sq.ft. include, retail, office, hotel, and condominiums one block to the building has just commenced its site work.

Sale
121 Almeria Ave. is a two story +/- 7,200 SF professional building in “shell condition”. It allows a buyer user to build the space to its custom specifications. The ground floor space of +/-5,000 SF with 14’ high ceilings permits a user to build an array of co-worker spaces, showrooms, studios, creative space , in a contemporary co-worker space design. Post construction value falls within current building market prices. The 2nd floor space of +/- 2,000 SF with 12' ceilings and an outdoor terrace, offer office and meeting areas. In addition, retail and showroom, or special uses can be accommodated. The exterior staircase at the entrance to the building to the 2nd floor space facilitates the leasing of the 2nd floor space for an income producing tenant for an owner user that acquires the building. An interior rear staircase to the rear alley provides a secondary means of ingress and egress to the second floor.

Lease
The two story total building space is +- 7,200 sq ft. plus a 1000 Sq.ft. outdoor terrace.
The 5000 Sq. Ft. first floor space can divide to +/-2,500 Sq.ft with 14’ high ceilings at the entrance and +/-2,200 Sq. Ft with a 10'0 ceilings to the alley
The second floor space measures +/- 2,500 Sq. Ft. with 14' ceilings, and includes a 1,000 Sq. Ft. outdoor terrace. The landlord will negotiate a TI allowance with the tenant based on its use and specifications. Term Negotiable.


Location