Corey Schwartz & Ashlee Albert-Hernandez Sell 1.2 Acre Land In Coral Gables For $8.2M
20 Casuarina Concourse, Coral Gables, FL, USA
$8,200,000
$156/SF
Building Size
52,502 SF
Asset Type
Development Site
Closing
Jan 21, 2021
AI
Located in the Coral Gables market, the property at 20 Casuarina Concourse recently changed hands in a sale transaction. The asset, which consists of 1.2 acres of land, was sold for a total price of $8,200,000. With a size of 52,502 square feet, the property was valued at an average price per square foot of $156.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $8,200,000
- Address: 20 Casuarina Concourse, Coral Gables
- Market: Coral Gables
- Acres: 1.2
Representing the buyer in this transaction were Matthew Elliott and Victor Olaniel from Engel & Völkers. On the other side, Corey Schwartz and Ashlee Albert-Hernandez from The 305 Homes Team at Remax Advance Realty served as the seller's representatives. These individuals and agencies played a pivotal role in facilitating the successful sale of the property.
Players
South Miami Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.93%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93