Anibal Duarte-Viera, Esq. as Trustee has purchased a multifamily property in Coral Gables. The property, located at 915 Palermo Ave & 920 Sevilla Ave, was sold by Alvaro Castillo, ESQ. The transaction was facilitated by Landy Toledo of Marcus & Millichap South Florida. The sale price for the property was $8,200,000, with a total of 32 units. This equates to a price per unit of $256,250. The building spans 24,096 square feet, resulting in a price per square foot of $340. The property has a capitalization rate of 3.74%.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $8,200,000
• Address: 915 Palermo Ave & 920 Sevilla Ave
• Market: Coral Gables
• Buyer: Anibal Duarte-Viera, Esq. as Trustee
• Seller: Alvaro Castillo, ESQ
• Broker: Landy Toledo - Marcus & Millichap South Florida
• Units: 32
• Price per Unit: $256,250
• Building Square Footage: 24,096
• Price per Square Foot: $340
• Capitalization Rate: 3.74%

Anibal Duarte-Viera, Esq. as Trustee, Alvaro Castillo, ESQ, and Landy Toledo of Marcus & Millichap South Florida played key roles in this transaction. The buyer, Anibal Duarte-Viera, Esq., acted as a trustee for the purchase. Alvaro Castillo, ESQ, served as the seller. Landy Toledo, representing Marcus & Millichap South Florida, facilitated the deal.