Office

The Alhambra - 2021

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

Executive Summarydownload
The Alhambra - 2021_Property for Sale

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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

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Last updated
Oct 1, 2021