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20 Casuarina Concourse, Cor...

Updated Dec 21, 2023

Bilt advertisement
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

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.

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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Deal FAQ

About $156 per square foot on a published $8.2M for 52,502 square feet (2021).

Visit Victor Olaniel to view all their deals.

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

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