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$7,500,000
$8,500,000
11.8%For more information regarding the value of a property, please contact us for a free consultation.
255 University Dr Coral Gables, FL 33134
11,682 SqFt
Key Details
Sold Price $7,500,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
Square Footage 11,682 sqft
Price per Sqft $642
MLS Listing ID A11145139
Sold Date 02/13/23
HOA Y/N No
Year Built 1958
Annual Tax Amount $54,200
Lot Size 8,925 Sqft
Property Sub-Type Office
Property Description
255 University Drive is one block from the largest development in Coral Gables, The Plaza, a $660M dollar project, including a 5-Star Hotel, Condo Towers, Offices, Restaurants and Retail. 255 University Drive is completely modernized and it's close proximity to this site makes the location extremely desirable. This property is licensed for medical and surgical use. The first floor is leased to an HMO Medical center with 5 years remaining on their lease. The Second floor is leased to a Cosmetic Surgery Center with 5 years remaining on their Lease. Both leases are Triple Net. The first floor consist of 5,287 Sq. Ft. and the second floor 5,180 Sq. Ft. with 17 private parking spaces and 34 municipal spaces.The Building has also just passed the 40 year recertification.
Location
State FL
County Miami-dade County
Area 41
Interior
Cooling Central Air
Flooring Ceramic Tile
Exterior
Total Parking Spaces 17
Private Pool Yes
Building
Story 2
Sewer Public Sewer
Water Public
Level or Stories Two
Others
Tax ID 03-41-17-005-8170
Ownership Corporation
Acceptable Financing Cash, Conventional, Owner May Carry
Listing Terms Cash, Conventional, Owner May Carry
Financing Cash
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Bought with Acosta & Associates Inc