250 Bird

BUILDING NAME: 250 Bird 
ADDRESS: 250 Bird Rd Coral Gables, FL 33146

Merrick Professional Center located at 250 Bird Road is being offered for sale or lease (to a single-tenant user) and will be delivered in August 2023, as a fully renovated modern 3-story, 29,584-square-foot Class A office building located in the epicenter of Coral Gables. Construction is well underway after a complete gut of the building leaving in place only the structure and foundation, to install new mechanical, fire, security, electrical and plumbing systems as well as new roof, restrooms, elevators, lobby, and a modern exterior façade and glazing with surrounding landscaping and lighting, eliminating the hardship of new core and shell construction which is an arduous and time consuming process. Parking spaces (70) will be available for purchase or lease on the first floor of the adjacent parking garage currently under construction by Alta DEVELOPERS which will serve both 250 Bird and Alta’s new retail and high end boutique residential apartment project . Located in a highly visible corner directly on Bird Road and Salzedo Street, just two blocks north from the Shops at Merrick Park, one block west from Ponce de Leon Boulevard, Merrick Professional Center is easy accessible via US-1 and the Douglas Road Metrorail mass transit station via the Coral Gables Trolley. Merrick Professional Center presents a unique opportunity to own or lease a new and modern HQ boutique office building connected to shopping and numerous restaurants, varied residential options with convenient vehicular and mass transit access in one of South Florida’s most sought-after locations, Coral Gables. Its adjacency to the The Shops at Merrick Park, an upscale outdoor shopping mall with restaurants, boutique shops/ services, and various high-end multi-family rental and condominium residences with firstfloor retail allows for a highly walkable and enjoyable experience in a vibrant village setting. Additionally, planned to be completed in 2023, Baptist Health Systems in a joint venture with Belmont Village Senior Living, is building Belmont Village Coral Gables, offering a mix of residential units for independent living, assisted living and memory care. This complex will be operated by Baptist Health South Florida and Belmont Village Senior Living and is adjacent to the south of Alta’s residential apartment project.]

BUILDING FACTS

Address: 250 Bird Road

Folio Number: 03-4120-017-0790

Year Built: 1962

Expected Delivery: August 2023

Building SF: 29,584 SF

Site Area: 10,000 SF

For Sale Price: $19,229,600 ($650 PSF)

For Lease Rate: $45.00 NNN PSF (Single Tenant User)