Ponce Tower, 155 Majorca Ave #170-185

$2.4M12.5%
$2,100,000
1,317
SqFt
Status
OFF MARKETExpired
Size
1,317 SqFt (122 m2)
Price
$1,595/SqFt ($17,164/m2)
Type
Condo
Built
2008
HOA
$3,597/MO
MLS Number
A10971218
On Site
2100 Days
Updated
1743 Days ago
Page Views
0
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.

Features

Bedrooms
    Bathrooms
      Exterior and Lot Features
        Interior, Heating and Cooling
          Building and Construction
          • Construction Type: Retail
          • Year Built: 2008
          • Year Built Description: Resale
          Waterfront and Water Access
            School Information
              Other Property Info
              • Listing Date: 2020-12-15T13:50:43.573-00:00
              Taxes, Fees & More
              • Total Units in Building: 4

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              Price History

              Current
              $2.1M
              High
              $2.4M
              Low
              $2.1M
              Total Change
              -12.5%
              $2.4M$2.3M$2.1MDec 20Nov 21
              Date
              Event
              Price
              Change
              Price Per
              11/28/2021
              Price Reduced
              $2.1M
              -12.5%
              $1,595 ft2
              $17,164 m2
              12/14/2020
              Listed
              $2.4M
               
              $1,822 ft2
              $19,615 m2
              11/28/2021
              $2.1M
              Event
              Price Reduced
              Change
              -12.5%
              Price Per
              $1,595 ft2
              $17,164 m2
              12/14/2020
              $2.4M
              Event
              Listed
              Price Per
              $1,822 ft2
              $19,615 m2
              Price per square foot and days on website are not provided values and are calculated by Subdivisions.
              Listed by Billy PlanesRE/MAX 360 Real Estate • Buyer Agency Compensation .

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              Scores

              Walk Score®
              Walker's Paradise. Daily errands do not require a car
              96

              100
              Transit Score®
              Some Transit. A few nearby public transportation options
              42

              100
              Bike Score®
              Bikeable. Some bike infrastructure
              56

              100
              Sound Score®
              Very loud
              74

              100
              Airport Score
              Close to airports. Noticeable airport activity
              3

              100
              Traffic Score
              Congested area. Frequent traffic delays
              32

              100
              Local Score
              Limited local amenities nearby
              2

              100
              Community Snapshot
              444 - 2,019
              SqFt Range
              2008
              Year Build