Miami, FL – August 17, 2015 – The Coldwell Banker Commercial (CBC) Advisors Miami office has brokered the sale of a 2,565 square-foot retail condominium located on 3020 Coral Way in Coral Gables, Fla., for $625,000. CBC Advisors Miami Senior Associate, Bert Checa, represented the seller in this transaction.
Located in the heart of the Coral Way Miami market between Brickell Avenue and downtown Coral Gables, the site’s visibility, parking, signage, and access to surrounding prime office space and luxury retail added to its overall appeal.
Checa added that the benefits of ownership also made this an attractive opportunity for the buyer.
“The benefits of owning office space include fixed monthly costs, appreciation, equity build-up and avoiding the sometimes complicated logistics that can accompany relocating your business every few years,” he said. “Tenants can replace their monthly rent payment with a mortgage payment easily without any out-of-pocket cash investment to close.”