Sashimi Properties Acquires Land In Coral Gables For $16M
185 Solano Prado, Coral Gables, Florida 33156, United States
$16,000,000
$454/SF
Building Size
35,200 SF
Asset Type
—
Closing
Sep 8, 2022
About this deal
AI
Located in Coral Gables, the property at 185 Solano Prado recently changed hands in a closed transaction. The asset, a piece of land, was sold for a price of $16,000,000. The transaction took place on September 9, 2022. The property spans a total area of 35,200 square feet, resulting in a price per square foot of $455. The sale was facilitated by George Bezold of Bezold Realty Corp.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $16,000,000
- Address: 185 Solano Prado, Coral Gables
- Market: Coral Gables
Sashimi Properties acquired the property from Patricia Brockway. Represented by George Bezold from Bezold Realty Corp, the buyer successfully completed the transaction. The deal reflects the ongoing activity and investment potential in the Coral Gables market.
Players
Coral Gables CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.99%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93