269 Miracle Mile
Coral Gables, FL 33134

Miracle Mile

Offering Summary
Price $5,471,171 Cap Rate 3.50%
NOI $191,491 Square Feet 4,482 SF
Lot Size 5,610 SF Year Built 1950/2021
Lease Type Gross & NNN Lease Exp 2024-2026

Investment Highlights

  • Located on the Best Block of The Iconic Miracle Mile
  • 100% Leased at about 40% Below Pre-Pandemic Rents
  • Irreplaceable Miami Real Estate
  • Over 530,000 Residents in the 5-Mile Radius
  • Average Household Income Exceeds $107,000 (1-Mile Radius)
  • Brand New 10-Year Roof Warranty
  • $25 Million Streetscape Renovation Newly Completed
  • Located in the 7th Largest MSA in the United States

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For More Information, Please Contact:

John R Wertz
Managing Principal
(619) 218-6427
jwertz@wertzrealestate.com

Greg LaBarre
Vice President
(619) 997-1242
glabarre@wertzrealestate.com