Gerardus Bakker Acquires Multifamily Property In Coral Gables For $23.5M

The multifamily property located at 365 Arvida Parkway in Coral Gables was sold in a recent transaction. The asset spans 10,046 square feet and was sold for $23,500,000, translating to a price per square foot of $2,339. The sale was facilitated by Mirce Curkoski from Sotheby's International Realty representing the buyer, Gerardus Johannes Antonius Bakker, and Saddy Delgado from Sotheby's International Realty along with Elena Itturiaga from London Real Estate Co representing the seller, Ricardo Rivera.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $23,500,000
• Address: 365 Arvida Parkway
• Market: Coral Gables
• Buyer: Gerardus Johannes Antonius Bakker
• Buyer's Rep: Mirce Curkoski - Sotheby's International Realty
• Seller: Ricardo Rivera
• Seller's Rep: Saddy Delgado - Sotheby's International Realty; Elena Itturiaga - London Real Estate Co
• Asking Price: $26,750,000
• SF: 10,046
• PPSF: $2,339

Mirce Curkoski and Saddy Delgado from Sotheby's International Realty, along with Elena Itturiaga from London Real Estate Co, played pivotal roles in the negotiation and closing of this significant transaction in the Coral Gables market. The successful deal highlights the expertise and professionalism of the individuals and companies involved in the real estate transaction.