Alfred Padron Acquires Net Lease Bank In Coral Gables For $4.85M

Located in Coral Gables, the property at 2000 SW 57th Avenue recently changed hands in a closed sale transaction. The asset, classified as a Net Lease Bank, spans approximately 3,000 square feet. The sale price amounted to $4,850,000, resulting in a price per square foot of $1,617. This transaction achieved a record-breaking cap rate of 3.61%.

Summary of Transaction Details

• Property Type: Net Lease Bank
• Transaction Amount: $4,850,000
• Address: 2000 SW 57th Avenue
• Market: Coral Gables

Alfred Padron successfully acquired the property from Yariv Bensira. Represented by his broker Edwin Meza, Padron navigated the transaction to secure ownership. On the seller's side, Eddie Toledo and Jonathan De La Rosa, affiliated with Marcus & Millichap, served as representatives for Yariv Bensira. The deal showcased the involvement of key individuals and companies in facilitating the sale.