Coral Way Office Building Fetches Nearly $300 PSF

Jeremy S. Larkin, CEO, and Craig Merlin, Associate of NAI Miami | Fort Lauderdale, represented the seller, Ocean Coral Way, Inc., in the $5,200,000.00 sale of an office building located at 2150 Coral Way (SW 22^nd Street) in Miami to Alphatur, LLC.

The office building is an eight-story, 17,450-square-foot building on a 0.34-acre land parcel on Coral Way, a primary corridor connecting the Coral Gables Central Business District to the Brickell Financial and Downtown Miami Central Business Districts.

“Its strategic location within the Coral Way submarket, a rapidly redeveloping area, ensures the buyer the potential for growth in property values over time and potential redevelopment opportunities,” said Larkin.