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Cade Capital Acquires 0.8-Acre Development Site In Coral Gables For $11.5M

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SOLD
$11,500,000

Florida

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Development Site
Sold 10/02/2023
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Property Image
SOLD

Cade Capital Acquires 0.8-Acre Development Site In Coral Gables For $11.5M

130 Almeria Avenue, 152 Almeria Avenue, 160 Almeria Avenue & 103 Almeria Avenue

See Similar Deals
Development Site
Sold 10/02/2023
the dealdetailscomps

Summary

FLORIDA
Asset Type:Development Site
Transaction Type:Sale

Cade Capital has acquired a 0.8-acre development site in Coral Gables for $11.5 million. The property, located at 130, 152, 160, and 103 Almeria Avenue, is intended for a 13-story, 122-apartment commercial high-rise project, pending city approval. The site also includes a nearby parking lot at 103 Almeria Avenue.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $11,500,000
  • Address: 130, 152, 160 & 103 Almeria Avenue
  • Market: Coral Gables
  • Buyer: Cade Capital - John Marquez, Juan Moroso Marquez, Jose Vizcarrondo & Alfredo Vargas Marquez
  • Seller: Ubica - Alejandro Salazar; Maven Real Estate - Marc Schwarzberg

The buyer, Cade Capital, led by John Marquez, Juan Moroso Marquez, Jose Vizcarrondo, and Alfredo Vargas Marquez, successfully completed the acquisition. On the seller side, Ubica, represented by Alejandro Salazar, and Maven Real Estate, represented by Marc Schwarzberg, facilitated the transaction.

Players

CC
Cade Capital
BUYER
CC
Cade Capital
BUYER
CC
Cade Capital
BUYER
CC
Cade Capital
BUYER

Details

SOLD
IMAGE: Jose Vizcarrondo, John Marquez, Alfredo Vargas Marquez & Juan Moroso Marquez DATE: 10/02/2023 ADDRESS: 130, 152, 160 & 103 Almeria Avenue MARKET: Coral Gables ASSET TYPE: Development Site ~ ACRES: 0.8 BUYER: Cade Capital - John Marquez, Juan Moroso Marquez, Jose Vizcarrondo & Alfredo Vargas Marquez SELLER: Ubica - Alejandro Salazar; Maven Real Estate - Marc Schwarzberg SALE PRICE: $11,500,000 NOTE: Cade Capital purchased a 0.8-acre development site in Coral Gables for $11.5 million, planning a 13-story, 122-apartment commercial high-rise project, pending city approval. The site includes a nearby parking lot at 103 Almeria Avenue.

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