South Florida Office and Retail Asset for Sale at $13.5 Million

  

21/22 Center, 2103 Coral Way, Miami, FL

Douglas K. Mandel

MIAMI, FL – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, is the exclusive advisor for the sale of the 21/22 Center, an eight-story, 74,461-square-foot office and retail building on Coral Way in Miami.

The listing price is $13,500,000. Douglas K. Mandel, a first vice president investments, and Benjamin Silver, a senior associate, both in Marcus & Millichap’s Fort Lauderdale office, are representing the seller.

            “The 21/22 Center is a stabilized asset currently 90.7 percent occupied by professional tenants,” says Mandel. “During the last two years the building has received nearly $2 million in capital improvements that include new elevators, chillers, common area upgrades and tenant improvements.”

            The office and retail building is located on the corner of Southwest 21st Avenue and Coral Way at 2103 Coral Way in Miami.

The location is between downtown Miami’s Brickell financial district and Coral Gables’ central business district. The building is approximately one mile west of Interstate 95, three miles southwest of downtown Miami, two miles east of downtown Coral Gables, Fla. and just a few miles east of Miracle Mile.           

Benjamin H. Silver

            The 21/22 Center features 18,356 square feet of ground floor retail space and 56,105 square feet of office space. The building was constructed in 1983 utilizing cast-in-place isolated column footings and continuous footings. 

The exterior walls are finished with painted stucco and the building is fitted with an aluminum and glass curtain wall system and aluminum and glass windows.

An attached five-story parking garage provides direct entrances to the office building from the second through fifth floors. The parking facility accommodates 172 parking spaces. The lower floors have an automated pay parking system. Two parking spaces are reserved for electrical vehicles and have charging stations.

 For a complete copy of the company’s news release, please contact:

Gina Relva,

 Public Relations Manager

(925) 953-1716