Price cut −6%
$21,335,000
6.9% cap · 46,500 sq ft RBA · Class B
6950 Coral Way
Miami, FL 33129
Listed 4 months ago$459/sq ft
01 / 05
For SaleMixed Use
$24,310,000
8751 Biscayne Blvd
Coral Gables · Miami, FL 33134
$709/sq ft77 days on market2.2K views92 saves
Key facts
- Interior
- 34,270 sq ft
- Lot
- 2.14 acres
- Year built
- 1964
- Property type
- Mixed Use
- Price / sq ft
- $709/sq ft
- Annual taxes
- $252,820
- Days on market
- 77
Getting around
Walk Score59
Somewhat Walkable
Transit Score38
Some Transit
Bike Score60
Bikeable
About this property
Value-add mixed-use building in Coral Gables with below-market rents rolling inside the next cycle. The improvements include corner visibility, roof deck amenity and ground-floor retail. Tours coordinated through the listing team; Miami submarket comps included in the package.
Investment summary
Investment summary
Cap rate
6.90%
Net operating income ÷ price
Net operating income
$1,677,390
Annual, after operating expenses
Cash-on-cash
+3.7%
$266,521 annual cash flow on $7,293,000 equity
Occupancy81%
27,759 sq ft leased of 34,270 sq ft
- Tenants
- 9
- Rentable area
- 34,270 sq ft
- Price / sq ft
- $709/sq ft
- WALE
- 1.3 yrs
- Lease type
- Modified Gross
- Building class
- Class C
- Zoning
- B2-3
- Parking
- 58 spaces
Cash-on-cash assumes 30% equity, a 6.75% fixed rate and 25-year amortisation — $1,410,869 of annual debt service. Illustrative only; underwrite with the actual rent roll and operating statements.
Features & amenities
Features & finishes
Outdoor
- Roof Deck Amenity
Interior
- Ground-Floor Retail
Parking & Access
- Freight Elevator
Highlights
- Corner Visibility
- Value-Add Upside
- NNN Leases in Place
Price history
Every listing event recorded for this property.
- Listed
- Sold
| Date | Event | Price |
|---|---|---|
| 2016-04-30 | Sold | $15,800,000 |
| 2026-05-09 | Listed | $24,310,000 |
Location
Coral Gables, Miami — Miami-Dade County
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Approximate location · Coral Gables
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Estimated monthly
$149,807/mo
- Principal & interest81%$121,648
- Property tax14%$21,068
- Home insurance5%$7,090
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.
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Loan amount $19,448,000 · 30 yr · 6.40%
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