Fabio Faerman PA Acquires Coral Gables Office Building For $14.05M
2000 Ponce De Leon Boulevard, Coral Gables, Florida 33134, United States
$14,050,000
$161/SF
Building Size
87,134 SF
Asset Type
Office
Closing
Feb 10, 2022
About this deal
AI
Located at 2000 Ponce De Leon Blvd in Coral Gables, this office property was recently sold for a transaction amount of $14,050,000. The sale took place on February 11, 2022, and the asset spans a total area of 87,134 square feet. The price per square foot for this transaction was $161.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $14,050,000
- Address: 2000 Ponce De Leon Blvd
- Market: Coral Gables
- SF: 87,134
- PPSF: $161
Fabio Faerman PA from FA Commercial represented the parties involved in this sale. Their expertise in the field ensured a successful transaction for all parties.
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
1.13%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93