Coral Gables Smile Acquires Commercial Condo At 2020 Ponce De Leon Blvd For $2.57M
2020 Ponce de Leon #102b Coral Gables, FL 33134, USA
$2,570,000
$681/SF
Building Size
3,771 SF
Asset Type
Condo
Closing
Jun 14, 2023
AI
Florida East Coast Realty has sold two ground floor units totaling 3,771 square feet at its commercial condo project located at 2020 Ponce de Leon Boulevard Suites 102B & 103C in Coral Gables. The sale price for the property was $2,570,000, resulting in a price per square foot of $682. The buyer of the units was Coral Gables Smile, a multidisciplinary dental practice. The company was attracted to Coral Gables as an alternative market for business owners.
Summary of transaction details
- Property Type: Commercial Condo
- Transaction Amount: $2,570,000
- Square Footage: 3,771
- Price per Square Foot: $682
- Address: 2020 Ponce de Leon Boulevard Suites 102B & 103C
- Market: Coral Gables
Donna Abood, Joe Abood, and Peyton Dowd from Avison Young represented the buyer, Coral Gables Smile, in the transaction. The seller of the property was Austin Hollo from Florida East Coast Realty. The sale of these ground floor units showcases the appeal of Coral Gables as a destination for businesses, attracting multidisciplinary practices like Coral Gables Smile.
Players
Miami Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.17%
Cash-on-Cash
-1.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93