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20 Casuarina Concourse, Cor...

Corey Schwartz & Ashlee Albert-Hernandez Sell 1.2 Acre Land In Coral Gables For $8.2M
SOLDDevelopment Site

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

Matthew Elliott

The Corcoran Group

Broker

$32M

vol

4 deals

Broker

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