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185 Solano Prado, Coral Gab...

Updated Oct 28, 2024

Sashimi Properties Acquires Land In Coral Gables For $16M
SOLD

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

George Bezold

Broker

$16M

vol

1 deal

Broker

Coral Gables CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Deal FAQ

About $454 per square foot on a published $16M for 35,200 square feet (2022).

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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

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