City Of Coral Gables Acquires Development Site From Eugenia Schmid Trust For $3.1M
SOLD
$3,100,000
Florida
See Similar DealsDevelopment Site18,750 SF
Sold 07/10/2025
SOLD
City Of Coral Gables Acquires Development Site From Eugenia Schmid Trust For $3.1M
1031 Valencia Avenue
See Similar DealsDevelopment Site18,750 SF
Sold 07/10/2025
Summary
FLORIDA
Asset Type:Development Site
Price Per Square Foot:$165
Total Square Footage:18,750 SF
Transaction Type:Sale
The development site located at 1031 Valencia Avenue in Coral Gables has been sold for $3,100,000. The property comprises a total of 18,750 square feet, which translates to a price per square foot of $165.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $3,100,000
- Address: 1031 Valencia Avenue
- Market: Coral Gables
- Seller: Eugenia Schmid Trust
- Buyers: City of Coral Gables
- Seller's Representative: Charlie Rua & Xavier Durana - Rua Realty
In this transaction, the City of Coral Gables acts as the buyer, working through the seller's representatives, Charlie Rua and Xavier Durana from Rua Realty. Their role involves facilitating the sale between the Eugenia Schmid Trust and the municipal government.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$165,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,013.66
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,695.58
Annual Debt Service$176,346.98
Is there something missing? Send suggestions