Jesus Vera Acquires Development Site In Coral Gables For $4M
2800 Southwest 37th Avenue
$4,000,000
$321/SF
Building Size
12,430 SF
Asset Type
Development Site
Closing
Jan 3, 2024
AI
A development site located at 2800 Southwest 37th Avenue in Coral Gables has been sold for $4,000,000. The property spans 12,430 square feet, resulting in a price per square foot of $322.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $4,000,000
- Square Footage: 12,430
- Price per Square Foot: $322
- Address: 2800 Southwest 37th Avenue, Coral Gables
- Market: Coral Gables
The buyer in this transaction is Jesus Vera, while the seller is Manuel Al Abdallah. Representing the seller, Michael Fernandez & Mario Fernandez of Florida Realty of Miami facilitated the deal.
For any off-market buying or selling needs, interested parties can contact Michael Fernandez and Mario Fernandez at [email protected] (786-260-7830) or [email protected] (786-344-4544).
Players
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
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93