Benjamin Assa Cojab Acquires Mixed-Use Property In Coral Gables For $24.8M
2990 Ponce De Leon Boulevard, Coral Gables, Florida 33134, United States
$24,700,000
$192/SF
Building Size
128,047 SF
Asset Type
Mixed-use
Closing
Mar 17, 2022
About this deal
AI
The mixed-use property located at 2990 Ponce de Leon Blvd. in Coral Gables has been sold in a transaction that took place on March 28, 2022. The property spans a total of 128,047 square feet and was sold for a price of $24,780,000, resulting in a price per square foot of $194.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $24,780,000
- Address: 2990 Ponce de Leon Blvd.
- Market: Coral Gables
- Buyer: Benjamin Assa Cojab
- Seller: TA Realty
- Square Footage: 128,047
- Price per Square Foot: $194
Benjamin Assa Cojab was the buyer in this transaction, while TA Realty acted as the seller. The deal showcases the active real estate market in Coral Gables and highlights the interest in mixed-use properties in the area.
Players
Coral Gables 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
0.64%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93