Raimundo Onetto - Alta Developers Acquires Development Site In Coral Gables For $17.5M
250 Bird Road, Coral Gables, FL, USA
$17,500,000
$605/SF
Building Size
28,909 SF
Asset Type
Development Site
Closing
Dec 21, 2020
AI
A development site located at 250 Bird Road in Coral Gables has been sold for $17,500,000. The property was purchased by Raimundo Onetto from Alta Developers, while the seller was Baptist Health South Florida. The transaction took place on December 22, 2020.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $17,500,000
- Buyer: Raimundo Onetto - Alta Developers
- Seller: Baptist Health South Florida
- Date: 12/22/2020
- Address: 250 Bird Road, Coral Gables
Raimundo Onetto, representing Alta Developers, acquired the development site from Baptist Health South Florida in a significant transaction. This deal highlights the involvement of key individuals and companies in the Coral Gables market.
Coral Gables 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
0.91%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93