Aquarius Capital Acquires Coral Gables Office Building For $5.3M
147 Alhambra Cir, Coral Gables, FL 33134, USA
$5,300,000
$44/SF
Building Size
120,000 SF
Asset Type
Office
Closing
Oct 5, 2020
About this deal
AI
The office building located at 147 Alhambra Circle in Coral Gables has been sold in a recent transaction. The property, spanning 12,000 square feet, was sold for a price of $5,300,000, resulting in a price per square foot of $442. The transaction took place on October 6, 2020.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $5,300,000
- Square Footage: 12,000
- Price per Square Foot: $442
- Address: 147 Alhambra Circle
- Market: Coral Gables
Pablo Cejas of Aquarius Capital served as the buyer in this transaction, while Bill Kerdyk Jr. of Kerdyk Real Estate represented the seller.
Players
Coral Gables Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.99%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93