Updated Oct 29, 2024
South Properties II LLC Acquires Development Site In Coral Gables For $13.95M
625 Leucadendra Drive, Coral Gables, FL, USA & 625 Leucadendra Drive
$13,950,000
$84/SF
Building Size
83,035 SF
Asset Type
Development Site
Closing
Dec 15, 2019
About this deal
AI
A development site located at 625 Leucadendra Drive in Coral Gables has been sold for $13,950,000. The property spans 83,035 square feet, resulting in a price per square foot of $168. The transaction took place on December 16, 2019.
Summary of transation details
- Property Type: Development site
- Transaction Amount: $13,950,000
- Square Footage: 83,035
- Price Per Square Foot: $168
The seller, IFG Florida Inc., was represented by Francisco Gonzalez Perez. The buyer, South Properties II LLC, was represented by Carlos Correa Ballesteros. The brokers involved in the deal were Maurice Boschetti and Silvia Boschetti from Boschetti Realty Group, as well as Ralph Arias from One Sotheby's International Realty.
On the Map
$13,950,000
$84/SF
Development Site
View full map
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
1.14%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93