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C o r a l G a b l e s , F l o r i d a
OFFERING MEMORANDUM
A 4 8 , 0 0 6 S Q U A R E F O O T , F I V E - S T O R Y O F F I C E B U I L D I N G O N P O N C E D E L E O N B L V D I N C O R A L G A B L E S , F LO R I D A
1701P O N C E
FOR MORE INFORMATION PLEASE CONTACT: MANNY CHAMIZO III 1430 S. DIXIE HIGHWAY SUITE #110 CORAL GABLES, FL 33146M. 786.486.6655 O. 786.453.3171 E-mail: [email protected] MANNY CHAMIZO III M. 786.486.6655 FLACOMMERCIAL@COM
MANNY CHAMIZO III M. 786.486.6655 [email protected]
EXECUTIVE SUMMARY
ONE Sotheby' s and Manny Chamizo III are pleased to be the advisor for sale 1701 Ponce (the “Property”), a five-story office building totaling 48,006 square foot. The Property is located directly on the east side of Ponce de Leon Boulevard at Zamora Avenue, one half mile north of Miracle Mile in the Coral Gables submarket of Miami-Dade County, Florida. The property consists of four floors of upscale office suites, a covered parking garage on the first and basement floors with a total of 42 parking spaces, and expansive balconies spanning the fourth floor on three sides with beautiful views of Coral Gables. The Property has just been rehabbed and is ready for an owner user with a fully leased 2nd Floor. 1701 Ponce is an excellent investment opportunity in the high barrier-to-entry, infill area of Downtown Coral Gables. The Property’s ideal location between Interstate 95 and the Palmetto Expressway, just south of the 836 Expressway and just north of Miracle Mile, offers a unique opportunity to capitalize on the current market in an area experiencing tremendous gains in rental income and value.
MANNY CHAMIZO III M. 786.486.6655 [email protected]
OFFERING SUMMARY
Address1701 Ponce de Leon Boulevard
Coral Gables, Florida 33134
Offering Price $11,500,000
$239.55$410.751972 /2016
Price per Gross SF/ Per Rentable SF Year Constructed / Renovated Gross Square Footage / Net Rentable Area
48,006 SF /27,997 SF
Parcel Size 0.28 Acres
Percent Leased
Parking Ratio
Ownership Interest
100%
1.5 : 1,000 SF (42 spaces)
Fee Simple
EXECUTIVE SUMMARY
Destinations Distance
(miles) Travel Time
½ 1 min3 8 mins4 11 mins4 12 mins 6 12 mins 7 13 mins
Miracle Mile Miami International Airport / SR 836 Palmetto Expressway ( SR 826) Interstate 95 Downtown Miami Florida’s Turnpike Fort Lauderdale International Airport
27 30 mins
1701 Ponce is located directly on Ponce de Leon Boulevard, on the east side, between Madeira and Zamora Avenues, one half of a mile north of Miracle Mile in Coral Gables, Florida.
LOCATION OVERVIEW
1701 Ponce
MANNY CHAMIZO III M. 786.486.6655 [email protected]
EXECUTIVE SUMMARY
PROPERTY OVERVIEW
Address 1701 Ponce de Leon Boulevard
Coral Gables, Florida 33134
Miami-Dade
48,006 SF
27,997 SF
County
Total Building Area
Net Rentable Area
Year Constructed / Renovated 1972 / 2011
Parcel Number 03-4108-009-4270
Land Area
Frontage
Parking Ratio
0.28 Acres
Ponce de Leon Boulevard
1.5 : 1,000 SF (42 spaces)
SITE AND PARCEL INFORMATION
LOCATION 1701 Ponce is located directly on the east side of Ponce de Leon Boulevard between Madeira and Zamora Avenues, one half of a mile north of Miracle Mile in Coral Gables, Florida.
FRONTAGE The Property has approximately 120 feet of frontage along Ponce de Leon Boulevard on the west side of the Property, and approximately 100 feet on Zamora Avenue on the north side of the Property.
ACCESS Access to the covered parking garage is provided on the north side of the Property from Zamora Avenue through a security-gated garage entrance. There is also an entrance to the basement level of the garage in the rear on the west side of the Property.
PARKING & LOADING There are approximately 42 marked parking spaces included within a secured, covered parking garage on the first and basement floors giving the Property 1.5 spaces for each 1,000 square feet of rentable area.
LEGAL DESCRIPTIONS Lots 1 & 2, Block 42, CORAL GABLES DOUGLAS SEC, as recorded in Plat Book 25, Page 69 of the Public Records of Miami-Dade County.
TAX PARCEL 03-4108-009-4270
MANNY CHAMIZO III M. 786.486.6655 [email protected]
MANNY CHAMIZO III M. 786.486.6655 [email protected]
MANNY CHAMIZO III M. 786.486.6655 [email protected]
AERIAL
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services of Florida.
SECOND FLOOR
MANNY CHAMIZO III M. 786.486.6655 [email protected]
MANNY CHAMIZO III M. 786.486.6655 [email protected]
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