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420 S Dixie Hwy - First Professional Condominium 1,210 SF Office Condo Unit Offered at $595,000 in Coral Gables, FL 33146
Investment Highlights
- Super Professional Location near affluent So Gables neighborhoods & University of Miami.
- Major high traffic highways, roads, expressways and metrorail make access from all directions EZ
- Downtown Coral Gables, So Miami, Coconut Grove, Brickell, Downtown Miami, Miami Intl Airport, Seaport, Metrorail, Tri-Rail, Brightline are all nearby
Executive Summary
Preview with our 3-D Materport Virtual Tour https://bit.ly/4fgwG5h and request your private showings with reasonable notice: morning for that afternoon or afternoon for the next day and Listing Agent or Owner will meet you, thank you. Reception area, 3 Offices w/Floor to Ceiling, double-paned glass Windows, 1 Conference Room, 5 Workstations, Break, Snack, Coffee Room, Extra Storage, 4 parking spaces included, 1 covered near elevators. These alone are valued at $600/mo approx. in The Gables. Ladies & Gents restrooms on the floor. Design your own professional offices, ideal for attorneys, accountants, consultants, healthcare, title, mortgage, real estate and many more professional fields. South Gables business district bordering residential neighborhoods where median home prices are $1.5M, 96% of the population are professionals. Near University of Miami, Downtown Coral Gables, South Miami, Coconut Grove, Downtown Miami, and Miami International Airport. • Purchase Price: $595,000 • Lease Term: $4,950/month (Modified Gross Lease) Min. 1 Yr possible renew. • Flexible Terms: Lease-Purchase may be considered. * Income & Expense Rental Analysis are Projections ONLY and are subject to changes up or down as the case may be*. Buyer(s) are advised to do their own due diligence and consult with other professionals, attorneys, accountants, brokers of their own choice, as they may deem advisable
Data Room Click Here to Access
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment or Owner User | Sale Conditions | 1031 Exchange |
| Cap Rate | 9.03% | APN/Parcel ID | 03-4120-041-0010 |
| No. Parking Spaces | 4 |
| Sale Type | Investment or Owner User |
| Cap Rate | 9.03% |
| No. Parking Spaces | 4 |
| Sale Conditions | 1031 Exchange |
| APN/Parcel ID | 03-4120-041-0010 |
Description
Reception area, 3 Offices w/Floor to Ceiling, double-paned glass Windows, 1 Conference Room, 5 Workstations, Break, Snack, Coffee Room, Extra Storage, 4 parking spaces included, 1 covered near elevators. These alone are valued at $600/mo approx. in The Gables. Ladies & Gents restrooms on the floor. Design your own professional offices, ideal for attorneys, accountants, consultants, healthcare, title, mortgage, real estate and many more professional fields.
Sale Notes
Prime So. Gables location for this Professional Office Building with direct access from all compass points to US Hwy-1 and Le Juene Rd. Loacted in an affluent South Gables business district bordering residential neighborhoods where median home prices are $1.5M, 96% of the population are professionals. Near University of Miami, Downtown Coral Gables, South Miami, Coconut Grove, Downtown Miami, and Miami International Airport.
- Purchase Price: $595,000
- Lease Term: $4,950/month (Modified Gross Lease) Min. 1 Yr possible renew.
Flexible Terms: Lease-Purchase may be considered.
* Income & Expense Rental Analysis are Projections ONLY and are subject to changes up or down as the case may be*. Buyer(s) are advised to do their own due diligence and consult with other professionals, attorneys, accountants, brokers of their own choice, as they may deem advisable
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 2A2 | 1,210 SF | Office | $595,000 ($491.74/SF) | $53,718 |
Unit 2A2
| Unit Size |
| 1,210 SF |
| Condo Use |
| Office |
| Price |
| $595,000 ($491.74/SF) |
| NOI |
| $53,718 |
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Unit 2A2
| Unit Size | 1,210 SF |
| Condo Use | Office |
| Price | $595,000 ($491.74/SF) |
| NOI | $53,718 |
| Sale Type | Investment or Owner User |
| Cap Rate | 9.03% |
| No. Parking Spaces | 4 |
| Sale Conditions | 1031 Exchange |
| APN/Parcel ID | 03-4120-041-0010 |
| Description | |
| Reception area, 3 Offices w/Floor to Ceiling, double-paned glass Windows, 1 Conference Room, 5 Workstations, Break, Snack, Coffee Room, Extra Storage, 4 parking spaces included, 1 covered near elevators. These alone are valued at $600/mo approx. in The Gables. Ladies & Gents restrooms on the floor. Design your own professional offices, ideal for attorneys, accountants, consultants, healthcare, title, mortgage, real estate and many more professional fields.</li></ul> | |
| Sale Notes | |
| Prime So. Gables location for this Professional Office Building with direct access from all compass points to US Hwy-1 and Le Juene Rd. Loacted in an affluent South Gables business district bordering residential neighborhoods where median home prices are $1.5M, 96% of the population are professionals. Near University of Miami, Downtown Coral Gables, South Miami, Coconut Grove, Downtown Miami, and Miami International Airport.<br> <ul style="list-style: disc; padding: 0px 0px 0px 40px"><li> Purchase Price: $595,000<br> </li><li> Lease Term: $4,950/month (Modified Gross Lease) Min. 1 Yr possible renew.<br> Flexible Terms: Lease-Purchase may be considered.<br> * Income & Expense Rental Analysis are Projections ONLY and are subject to changes up or down as the case may be*. Buyer(s) are advised to do their own due diligence and consult with other professionals, attorneys, accountants, brokers of their own choice, as they may deem advisable</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
Amenities
- 24 Hour Access
- Controlled Access
- Wheelchair Accessible
- Reception
- Storage Space
- Air Conditioning
- Smoke Detector
Moderately walkable
70/100
Very drivable
80/100
Good public transit
70/100
Fairly bikeable
50/100
Major Tenant Information Click Here to Access
| TENANT | SF Occupied | LEASE END DATE |
|---|---|---|
| Ana M. Davide, PA |
-
|
Jan 0000
|
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420 S Dixie Hwy - First Professional Condominium