Ghella USA, Corp Acquires Office Condo In Coral Gables For $3.6M
2020 Ponce De Leon Boulevard, Coral Gables, Florida 33134, United States
$3,600,000
$900,000/SF
Building Size
4 SF
Asset Type
Condo
Closing
Jan 11, 2023
About this deal
AI
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.
On the Map
$3,600,000
$900,000/SF
Condo
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Coral Gables Condo Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.41%
Cash-on-Cash
-1.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93