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2669 S Bayshore Dr, Northea...

Alex Rodriguez's ARodCorp Acquires Office Condo In Coconut Grove For $4.95M From Seller GBCommercial Investments
SOLDMixed-use

Alex Rodriguez's ARodCorp Acquires Office Condo In Coconut Grove For $4.95M From Seller GBCommercial Investments

2669 S Bayshore Dr, Northeast Coconut Grove, Miami, FL, USA

$4,950,000

$389/SF

Building Size

12,700 SF

Asset Type

Mixed-use

Closing

Jul 11, 2019

AI

Located in Coconut Grove, the office condo at 2669 S Bayshore Dr has been sold in a transaction that took place on 07/12/2019. The property, with a size of 12,700 square feet, was sold for a price of $4,950,000, resulting in a price per square foot of $389.76. The buyer of the property is Alex Rodriguez, who is associated with ARodCorp. The seller of the property is GBCommercial Investments. The deal was facilitated by Andrew Gurewitsch from an undisclosed agency.

Summary of transaction details:

  • Property Type: Office Condo
  • Date: 07/12/2019
  • Address: 2669 S Bayshore Dr
  • Market: Coconut Grove
  • Buyer: Alex Rodriguez (ARodCorp)
  • Seller: GBCommercial Investments
  • Broker: Andrew Gurewitsch
  • Price: $4,950,000
  • Square Footage: 12,700
  • Price per Square Foot: $389.76

Andrew Gurewitsch played a crucial role in facilitating the transaction as the broker representing the buyer in this deal. Both the buyer and the seller have noteworthy profiles in their respective fields and were involved in this successful investment.

Players

Andrew Gurewitsch

Broker

$255.2M

vol

7 deals

Broker
Alex Rodriguez

Alex Rodriguez

Buyer

$261M

vol

11 deals

Buyer

Miami Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.20%

Cash-on-Cash

-0.92%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93