List Search

2000 Ponce De Leon Blvd
Coral Gables, FL 33134 Coral Gables Section

$21,500,000

Loft Creative Space For Sale  •  34,865 Sq Ft

Property Details

  • Property Type Loft Creative Space
  • Total Building Size 34,865 Sq Ft
  • Lot Size 0.45 ac
  • Building Class B
  • Year Built 1999
  • Cap Rate 3.50 %
  • Tenancy Multiple
  • Zoning CB
43 Transit Score
95 Walk Score

Description

2000 Ponce de Leon is a privately owned seven-story office building in Coral Gables. Conveniently located on Ponce de Leon Boulevard, within walking distance to Miracle Mile. Constructed in 1999, 2000 Ponce de Leon contains seven floors of office space, one ground floor of retail space, and a parking garage with 105 parking spaces. Coral Gables has a high concentration of healthcare and professional services, and major employers include Bayview Financial, Gables Engineering, BAC Florida Bank, Bacardi, El Monte, and Regions Bank, to name a few. Coral Gables was in the top five submarkets in Miami in terms of rents.

Highlights

Featured tenants include Fortune 500 and INC 500 companies such as BB&T, Freedom Mortgage and Quest Workspaces
The property has Transferable Development Rights perfect for Builders, Architects or Investors!34,232 TDRs are available (selling at approx.$34.00/sq)
Within walking distance of numerous hotels such as the Ponce De Leon, Hotel St. Michel, Marriot at Coral Gables, and more.
Great restaurants run along the boulevard, featuring local and national chains like Morton's, Hillstone and more.
Located in the Prime Central Business District near Downtown Miami and nearby the Miami International Airport.
Multiple points of access to public transportation all along Ponce de Leon Blvd.

Financial Summary (Proforma)

Net Operating Income: $751,516 (2019)
Cap Rate: 3.50 %
Total Expenses: $625,736

Major Tenants

Tenant SF Occupied Lease End Date
Quest Workspaces 24,000 SF 3/31/2029
BB&T 3,225 SF 11/30/2024
Salazar Law 3,554 SF 10/31/2019
Freedom Mortgage 2,375 SF 3/31/2024
Media Global Group 1,925 SF 7/31/2024

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Atrium
  • Balcony
  • Banking
  • Bus Line
  • Conferencing Facility
  • Signage
  • Storage Space

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 105
Type: Covered
Included in Rent: No
Carla Martinez 305-608-0774 Jade International Realty
Carla Martinez 305-608-0774 Jade International Realty