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912 East Ponce De Leon Boul...

Branko Kuzmanovic Purchases Development Site In Coral Gables From Roberto Trapaga For $18M
SOLDDevelopment Site

Branko Kuzmanovic Purchases Development Site In Coral Gables From Roberto Trapaga For $18M

912 East Ponce De Leon Boulevard

$18,000,000

$339/SF

Building Size

53,000 SF

Asset Type

Development Site

Closing

Aug 10, 2025

AI

The property involved in the transaction is a development site located at 912 East Ponce De Leon Boulevard in the Coral Gables market. The sale price for the asset was $18,000,000, and it encompasses a total square footage of 53,000, yielding a price per square foot of $339.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $18,000,000
  • Address: 912 East Ponce De Leon Boulevard
  • Market: Coral Gables
  • Square Footage: 53,000
  • Price per Square Foot: $339
  • Buyer: Branko Kuzmanovic
  • Seller: Roberto Trapaga
  • Broker: Shani Heskiel - Beachfront Realty

The transaction features Branko Kuzmanovic as the buyer, while Roberto Trapaga is the seller. The deal was facilitated by broker Shani Heskiel from Beachfront Realty, representing the negotiated interests in this closed property transaction. Additional opportunities can be accessed by contacting Shani Heskiel.

Players

Shani Heskiel

Beachfront Realty

Broker

$74.5M

vol

6 deals

Broker
Beachfront Realty
Beachfront RealtyBrokerage

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

0.88%

Cash-on-Cash

-0.25%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93