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Coral Gables Smile Acquires Commercial Condo At 2020 Ponce De Leon Blvd For $2.57M

Property Image
SOLD
$2,570,000
Donna Abood
Peyton Dowd
+ 1

Florida

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Condo3,771 SF
Sold 06/14/2023
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Property Image
SOLD

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

See Similar Deals
Condo3,771 SF
Sold 06/14/2023
Donna Abood
Peyton Dowd
+ 1
Contact now

Summary

FLORIDA
Asset Type:Condo
Price Per Square Foot:$681
Total Square Footage:3,771 SF
Transaction Type:Sale

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

Donna Abood
4 deals$2.6M volume(305) 423-1927
BROKER

Joe Abood
Avison Young
2 deals$2.6M volume(786) 216-5675
BROKER

Peyton Dowd
Savills
3 deals$2.6M volume(561) 568-7550
BROKER

Details

SOLD
IMAGE: Peyton Dowd, Austin Hollo, Joe Abood & Donna Abood DATE: 06/14/2023 ADDRESS: 2020 Ponce de Leon Bouelvard Suites 102B & 103C MARKET: Coral Gables ASSET TYPE: Commercial Condo BUYER: Coral Gables Smile SELLER: Florida East Coast Realty (@FloridaEastCoastRealty) - Austin Hollo BROKERS: Donna Abood, Joe Abood & Peyton Dowd (@Peyton.Dowd) - Avison Young (@Avison_Young_Global) SALE PRICE: $2,570,000 SF: 3,771 ~ PPSF: $682 NOTE: Florida East Coast Realty has sold two ground floor units totaling 3,771 square feet at its 2020 Ponce office condo project in Coral Gables for $2.57 million. The buyer, Coral Gables Smile, is a multidisciplinary dental practice attracted to the city's appeal as an alternative market for business owners.

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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$9,130.68
Cash-on-Cash Return-1.27%
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