Ghella USA, Corp Acquires Office Condo In Coral Gables For $3.6M
SOLD
$3,600,000
Florida
See Similar DealsCondo4 SF
Sold 01/12/2023
SOLD
Ghella USA, Corp Acquires Office Condo In Coral Gables For $3.6M
2020 Ponce De Leon Boulevard, Coral Gables, Florida 33134, United States
See Similar DealsCondo4 SF
Sold 01/12/2023
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$900,000
Total Square Footage:4 SF
Transaction Type:Sale
The office condo located at 2020 Ponce de Leon Blvd Suite 901 in Coral Gables has been sold for a price of $3,600,000. The property spans 4,615 square feet, which equates to a price per square foot of $780. This transaction took place on January 12, 2023.
Summary of transaction details
- Property Type: Office Condo
- Transaction Amount: $3,600,000
- Address: 2020 Ponce de Leon Blvd Suite 901
- Market: Coral Gables
- Square Footage: 4,615 SF
Ghella USA, Corp purchased the office condo from Florida East Coast Realty, represented by Austin Hollo. The buyer was represented by Andres Leiser from Constec Realty Services, while the seller was represented by Joe Abood from Avison Young.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$192,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,790.04
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,065.84
Annual Debt Service$204,790.04
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