Joseph Zumpano Acquires Office In Coral Gables For $3.05M With Manny Chamizo - ONE Sotheby's Intl Realty
328 Minorca Avenue
Building Size
—
Asset Type
—
Closing
Aug 24, 2022
About this deal
AI
A 6,758 square foot office property located at 328 Minorca Ave in Coral Gables has been sold for $3,050,000. The transaction was closed on August 24, 2022. The property was sold by an undisclosed seller to Joseph Zumpano.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $3,050,000
- Square Footage: 6,758
- Price Per Square Foot: $451
Manny Chamizo from ONE Sotheby’s International Realty represented Joseph Zumpano in the deal as the broker.
Traded’s record for 328 Minorca Avenue in Coral Gables, Florida covers a commercial sale from 2022. Named participants on the 328 Minorca Avenue sale are Joseph Zumpano. This page is the Coral Gables, Florida file for the 328 Minorca Avenue commercial sold: pricing, party profiles, and other closed commercial comps from the same Coral Gables sit in the Market section below. Filter that Coral Gables commercial set by closing date to see what else sold near 328 Minorca Avenue around 2022. Cite this Joseph Zumpano Acquires Office In Coral Gables For $3.05M With Manny Chamizo - ONE Sotheby's Intl Realty sale when underwriting similar commercial product around Coral Gables, Florida.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93