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Coral Gables Office

$599,900

1627 Southwest 37th Avenue, Coral Gables, FL 33145

Active
Last Updated: 12/01/2025

5

Cap Rate

29,995

NOI

Details:
Cap Rate:    5%
NOI:    $29,995
Building Size:    1,107 sqft
Lot Area:    1,107 sqft
Lease Type:    Modified Gross
Occupancy:    100%
Class:    A
Tenancy:    Single
Year Built:    2004
Average Room Size:    1,107 sqft
Floors:    1
Seller Financing:    Yes
Opportunity Zone:    No
Year Last Renovated:    2025
Gross Leaseable Area:    1,107
Freight Elevator:    No
Number of Elevators:    2
HVAC:    Cantral
Floor:    Concrete
Restrooms:    1
Leed Certitified:    No
CeilingHeight:    12
Lease Expire Year:    11/01/2026
Description:

Prime office condo with over 1,100 SF on Douglas Rd (SW 37 Ave, east side) near SW 16 St. Mint condition interior with a spacious private restroom and a secure storage/coat closet. Bright, efficient layout ideal for professional/medical/creative uses. Central A/C, low operating costs, and well-kept common areas. Currently leased to an excellent tenant delivering immediate income and a hassle-free hold. Offered at an attractive 5% CAP rate with annual increases, ensuring consistent upside for investors. High visibility and easy access to Coral Gables, Brickell, Airport, and major corridors. Solid performer for investors seeking stable cash flow in a blue-chip location!

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