Raimundo Onetto - Alta Developers Acquires Development Site In Coral Gables For $17.5M
SOLD
$17,500,000
Florida
See Similar DealsDevelopment Site28,909 SF
Sold 12/22/2020
SOLD
Raimundo Onetto - Alta Developers Acquires Development Site In Coral Gables For $17.5M
250 Bird Road, Coral Gables, FL, USA
See Similar DealsDevelopment Site28,909 SF
Sold 12/22/2020
Summary
FLORIDA
Asset Type:Development Site
Price Per Square Foot:$605
Total Square Footage:28,909 SF
Transaction Type:Sale
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.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$933,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$62,173.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$82,958.93
Annual Debt Service$995,507.14
Is there something missing? Send suggestions