Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a prime two-tenant net leased asset located at 274 Alhambra Circle in Coral Gables, Florida. Positioned along one of the city's most prominent business corridors, this 4,850-square-foot building sits on a 5,000-square- foot parcel, offering a rare investment opportunity in a high-barrier-to- entry market. Strategically situated in the heart of Coral Gables, the property boasts exceptional walkability and is just two blocks from Miracle Mile, the area’s premier destination for dining, shopping, and entertainment. The asset presents significant future upside, as current rental rates average $39 per square foot NNN, well below the prevailing market rates. Additionally, the property is enrolled in the Florida Department of Environmental Protection (FDEP) providing state-funded remediation and liability protection related to dry cleaning solvent contamination, minimizing environmental risk for ownership. This generational asset has remained under single ownership since 1992, underscoring its stability and long-term value. Coral Gables is one of the most affluent submarkets in Miami-Dade County, with a median household income exceeding $118,000 per year, further enhancing the property’s desirability and investment potential.