Office

The Alhambra - 2021

2 Alhambra Plz, Coral Gables, FL, 33134, US

Executive Summarydownload
The Alhambra - 2021_Property for Sale

Gallery

The Alhambra - 2021 2_Property for Sale

Asset description

Jones Lang Lasalle Americas, Inc. (“JLL”) is pleased to exclusively offer the opportunity to acquire The Alhambra (the “Offering” or the “Property”), a two-building, 326,355 square foot Class A office complex in the heart of the “City Beautiful”, Coral Gables, Florida. The Offering consists of Alhambra Plaza, a 14-story tower with 232,039 rentable square feet, and Alhambra West, a 7-story tower with 94,316 rentable square feet. Alhambra Plaza and Alhambra West are LEED Gold Certified and Energy Star Rated office towers connected to a four star Hyatt Regency Hotel (not included in this Offering) and share 4-story structured parking garage. The ownership of Alhambra Plaza is structured as a condominium with three units including the Alhambra Plaza, Alhambra West, and the Hyatt Regency.

Attributes

Building area Net
326,355 sf
Occupancy
85.00%
Year built
2000

Investment highlights

  • Institutional Quality Asset with Synergistic On-Site Amenities
  • Rare Critical Mass in a Core Location
  • Diversified, Stable Tenancy - No Single Tenant Represents More than 8% of RSF
  • Well-Balanced Rollover Schedule
  • Significant Recent Capital Investment
  • Proximity to Miracle Mile and Giralda Avenue – Walk Score of 96
  • Easy Accessibility & Affluent Demographics
  • Offered at a Discount to Replacement Cost
  • Unencumbered by Existing Debt
The Alhambra - 2021 4_Property for Sale
The Alhambra - 2021 4_Property for Sale

Contact brokers

Similar properties

View moreChevron Right
Do you have any questions? Visit our FAQ page
View FAQ PageArrow Right
JLL can help you finance and manage your portfolio. E-Mail us today to see how we can help achieve your ambitions.
Last updated
Nov 30, 2022