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Oscar Roger Sr. Of Roger Development Group Acquires Development Site In Coral Gables For $7.25M

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SOLD
$7,500,000

Florida

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Development Site6,254 SF
Sold 11/25/2025
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Property Image
SOLD

Oscar Roger Sr. Of Roger Development Group Acquires Development Site In Coral Gables For $7.25M

300 Malaga Avenue

See Similar Deals
Development Site6,254 SF
Sold 11/25/2025
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Summary

FLORIDA
Asset Type:Development Site
Price Per Square Foot:$1,199
Total Square Footage:6,254 SF
Transaction Type:Sale

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

Agustin Duarte
25 deals$89.7M volume
BROKER

Gloria Luna
Coldwell Banker
1 deal$7.5M volume(305) 803-8456
BROKER

Coldwell Banker
BROKERAGE

Re/Max
BROKERAGE

Details

SOLD
IMAGE: Oscar Roger Sr, Agustin Duarte & Gloria Luna DATE: 11/25/2025 ADDRESS: 300, 310, 318 Malaga Avenue MARKET: Coral Gables ASSET TYPE: Development Site BUYER: Oscar Roger Sr. - Roger Development Group SELLER: Amalia Beunza, Santiago Beunza, Luis Palenzuela, Elizabeth Palenzuela, Jorge Arias & Edna Levy BUYER'S REP: Gloria Luna (@GloriaLunarealtor) - Coldwell Banker (@ColdwellBanker) SELLER'S REP: Agustin Duarte (@MagicCityCommercial) - REMAX 360 Real Estate (@remax360miami) SALE PRICE: $7,250,000 BSF: 24,000 ~ PPBSF: $302 SF: 6,254 ~ PPSF: $1,159

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$400,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$26,645.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$35,553.83
Annual Debt Service$426,645.92