City Of Coral Gables Signs Leases For 10,467 Square Feet At 2020 Ponce De Leon Boulevard
2020 Ponce De Leon Boulevard
Building Size
10,467 SF
Asset Type
Office
Closing
Feb 20, 2026
AI
The asset involved is a Class A office space located at 2020 Ponce De Leon Boulevard in Coral Gables, encompassing a total of 10,467 square feet. The property serves as a prime location in a central business district, highlighting its appeal for office use.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 2020 Ponce De Leon Boulevard
- Market: Coral Gables
- Landlord: Jerome Hollo - Florida East Coast Realty
- Tenant: City of Coral Gables
- Brokers: Donna Abood & Peyton Dowd - Savills
- Total Square Feet Leased: 10,467
- Floor Space: 6,870 square feet on the 12th floor and 3,597 square feet on the ground floor
This lease transaction was facilitated by brokers Donna Abood and Peyton Dowd from Savills, marking a significant engagement between Florida East Coast Realty and the City of Coral Gables. The deal emphasizes the increasing need for quality office space within the locality.
Players
Coral Gables Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93