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255 University Dr

Coral Gables / Miami South End

$8,495,000 USD

$8,495,000

0.2 Acres Disagree?

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255 University Dr

Coral Gables / Miami South End

$8,495,000

0.2 Acres

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ECHO FINE PROPERTIES

Property Highlights

MLS# : A11145139
Listing Type : Commercial
Year Built : 1958
Zoning : 6400

Status : Active
Total Area : 11,682 sqft ($728/sqft)
Days on Market : 218

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Property Details

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 class B office building is approved for medical use. The first floor is fully leased to a Medical Center with a Triple Net lease with 5 years remaining on their lease and a five year renewal option. The Second floor is fully leased to another medical center for 3 years with a Triple Net Lease. The first floor consist of 5,287 Sq. Ft. and the second floor 5,180 Sq. Ft. The building has 17 private parking spaces, 34 municipal spaces and has just passed the 40 year certification.

General Information

Cooling: Central Building A/C, Central Individual A/C
Parking: Assigned, On Street
Stories: 2
Total Units in Complex: 1

Flooring: Ceramic Floor

Security: Smoke Alarm, Smoke Detector(s)

Total Building Sqft: 11,682

Zoning: 6400

Flooring: Ceramic Floor
Security: Smoke Alarm, Smoke Detector(s)
Total Building Sqft: 11,682
Zoning: 6400

Fees and Membership

Tax Amount: $54,200

Tenant Pays: Electricity, Inside Insurance, Real Estate Tax, Sales Tax, Trash Collection, Water

Tenant Pays: Electricity, Inside Insurance, Real Estate Tax, Sales Tax, Trash Collection, Water

Listing Courtesy of London Foster Realty.

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ABOUT THE COMMUNITY

Coral Gables

Just a 10-minute drive from downtown South Miami is the charming area of Coral Gables. Known as the City Beautiful this exclusive enclave of homes and condos is home to an array...

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Coral Gables Market Stats

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Echo Fine Properties, winner of Best Brokerage of the Palm Beaches in 2020, 2021 and 2022, is located in Palm Beach Gardens, Florida. We are a family-owned local brokerage that prides itself on having the finest full time luxury real estate agents who know the area backward and forward. Each agent is hand selected to join us for their knowledge of the area including golf club communities, gated communities, equestrian and ranch estates, condominiums, and waterfront and boating estates. Echo is unique in real estate in that our company pays for all marketing, advertising, and all support which is handled in-house. WE PAY, which lets the agent concentrate on our customers. Unlike other firms, agents never have to compromise the marketing budget. Our Home ECHOnomics Guarantee offers an unheard of 57-promises. This website consists of 5 separate MLS feeds, giving 100% accuracy ranging from Miami to Fort Lauderdale to Palm Beach to Martin County.

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