Oscar Roger Sr. Of Roger Development Group Acquires Development Site In Coral Gables For $7.25M
300 Malaga Avenue
$7,500,000
$1,199/SF
Building Size
6,254 SF
Asset Type
Development Site
Closing
Nov 24, 2025
AI
The property involved in this transaction is located at 300, 310, 318 Malaga Avenue in the Coral Gables market. This development site was sold for a total price of $7,250,000. It has a building size of 24,000 BSF, with a price per BSF of $302. The site also includes a building size of 6,254 square feet, with a price per square foot of $1,159.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $7,250,000
- Building Size (BSF): 24,000
- Price per BSF: $302
- Building Size (SF): 6,254
- Price per SF: $1,159
- Buyer: Oscar Roger Sr. - Roger Development Group
- Seller: Amalia Beunza, Santiago Beunza, Luis Palenzuela, Elizabeth Palenzuela, Jorge Arias & Edna Levy
- Buyer's Representative: Gloria Luna - Coldwell Banker
- Seller's Representative: Agustin Duarte - REMAX 360 Real Estate
This transaction highlights the key roles of the individuals and companies involved, specifically Oscar Roger Sr. of Roger Development Group as the buyer and Amalia Beunza along with others as the sellers. The representatives representing the buyer and seller, Gloria Luna from Coldwell Banker and Agustin Duarte from REMAX 360 Real Estate respectively, facilitated the sale.
Players
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
2.12%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93