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2990 Ponce De Leon Boulevar...

Updated Oct 28, 2024

Benjamin Assa Cojab Acquires Mixed-Use Property In Coral Gables For $24.8M
SOLDMixed-use

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

TA Realty
TA RealtySeller

Coral Gables Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Deal FAQ

About $192 per square foot on a published $24.7M for 128,047 square feet (2022).

Browse Florida mixed use sales on Traded.

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

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