Updated Dec 21, 2023
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
About this deal
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.
On the Map
$8,200,000
$156/SF
Development Site
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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