Asking Price Contact for pricing
Sq. Footage 59,155
NOI Net Operating Income N/A
Cap Rate N/A

Attributes

Year Built 2007

Property Description

Plaza San Remo is an 180,000 SF mixed-use development with seven stories of office condominiums above 59,694 SF of ground floor retail including a 52,748 SF Whole Foods. Located on a prominent, high-exposure corner off Red Road, and just one block south of US1

Investment Highlights

Jones Lang LaSalle is pleased to exclusively offer for sale the retail condominium interest in Plaza San Remo (the “Property”), a fully leased, 59,694 SF Whole Foods-anchored center in the heart of Coral Gables. Plaza San Remo is part of a seven-story trophy mixed-use asset that also features medical office space, as well as a 739-space structured parking garage. Strategically situated at the heavily trafficked intersection of US1 and SW 57th Avenue (138,000 VPD), Plaza San Remo is surrounded by a dense and wealthy direct consumer base totaling 111,533 residents with an average +$135,000 HHI within 3 miles. The Property benefits from its unique location at the crossroads of the City of Coral Gables and the City of South Miami which provides incredible surrounding demand drivers including +1.8 million square feet of office within a half-mile, the University of Miami with 33,000 students and faculty, the 467- bed South Miami Hospital as well as its proximity to the South Miami Metrorail Station. On top of the outstanding demand drivers, the area surrounding Plaza San Remo is underserved by “destination grocers” as the Property is one of only two South Florida Whole Foods Markets south of Downtown Miami. The ideal combination of demand drivers and location lead the Whole Foods at Plaza San Remo to be one of the top performing stores in all of Florida. Plaza San Remo offers investors the unique opportunity to acquire an urban grocery-anchored retail property featuring the top South Florida Whole Foods Market in the most recognizable residential community in Miami.
Eric Williams
Eric Williams
Director
Licensed in
SL3179736
Mason Elizondo
Analyst

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