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
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