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

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SOLD
$4,950,000

Florida

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Mixed-use12,700 SF
Sold 07/12/2019
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SOLD

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

See Similar Deals
Mixed-use12,700 SF
Sold 07/12/2019
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Summary

FLORIDA
Asset Type:Mixed-use
Price Per Square Foot:$389
Total Square Footage:12,700 SF
Transaction Type:Sale

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

7 deals$255.2M volume
BROKER

Alex Rodriguez
11 deals$261M volume
BUYER

Details

SOLD
IMAGE: Andrew Gurewitsch @andrewgurewitsch & @ARod πŸ‘‘ ⚾️ DATE: 07/12/2019 ADDRESS: 2669 S Bayshore Dr MARKET: Coconut Grove ASSET TYPE: Office Condo BUYER: Alex Rodriguez @ARod @ARodCorp SELLER: GBCommercial Investments BROKERS: Andrew Gurewitsch PRICE: $4,950,000 SF: 12,700 ~ PPSF: $389.76

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$264,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$17,586.30
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,465.53
Annual Debt Service$281,586.30