$34,530,000
4756 Miracle Mile
Coral Gables · Miami, FL 33133
$664/sq ft14 days on market414 views13 saves
Key facts
- Interior
- 52,010 sq ft
- Lot
- 2.14 acres
- Year built
- 1978
- Property type
- Office
- Price / sq ft
- $664/sq ft
- Annual taxes
- $359,110
- Days on market
- 14
Getting around
Somewhat Walkable
Some Transit
Bikeable
About this property
A Class C office building on Miracle Mile trading at a 8.4% cap with 82% occupancy. 8 tenants spread the credit risk, and the Modified Gross structure limits landlord exposure. Full offering memorandum and T-12 available under NDA.
Investment summary
Investment summary
Cap rate
8.40%
Net operating income ÷ price
Net operating income
$2,900,520
Annual, after operating expenses
Cash-on-cash
+8.7%
$896,517 annual cash flow on $10,359,000 equity
42,648 sq ft leased of 52,010 sq ft
- Tenants
- 8
- Rentable area
- 52,010 sq ft
- Price / sq ft
- $664/sq ft
- WALE
- 7.0 yrs
- Lease type
- Modified Gross
- Building class
- Class C
- Zoning
- DMU-60
- Parking
- 123 spaces
Cash-on-cash assumes 30% equity, a 6.75% fixed rate and 25-year amortisation — $2,004,003 of annual debt service. Illustrative only; underwrite with the actual rent roll and operating statements.
Features & amenities
Features & finishes
Outdoor
- Roof Deck Amenity
Systems & Efficiency
- Dedicated HVAC
Parking & Access
- Freight Elevator
Highlights
- LEED Gold Certified
- NNN Leases in Place
- Build-to-Suit Ready
Price history
Every listing event recorded for this property.
- Listed
- Pending
- Sold
| Date | Event | Price |
|---|---|---|
| 2023-03-15 | Sold | $28,025,000 |
| 2026-07-11 | Listed | $34,530,000 |
| 2026-07-16 | Pending | $34,530,000 |
Location
Coral Gables, Miami — Miami-Dade County
Approximate location · Coral Gables
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Estimated monthly
$212,787/mo
- Principal & interest81%$172,790
- Property tax14%$29,926
- Home insurance5%$10,071
An estimate, not a quote. Insurance is seeded at 0.35% of the purchase price and excludes mortgage insurance, which most lenders require below 20% down.
Loan amount $27,624,000 · 30 yr · 6.40%