Monaco Management Group Acquires Office Building From Elvis Mons In Coral Gables For $7.6M
3195 Ponce De Leon Boulevard
$7,600,000
$430/SF
Building Size
17,650 SF
Asset Type
Office
Closing
Oct 5, 2025
About this deal
AI
The property asset involved in this transaction is an office located at 3195 Ponce De Leon Boulevard in Coral Gables. The sale price was $7,600,000 for a total square footage of 17,650, which results in a price per square foot of $430.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $7,600,000
- Address: 3195 Ponce De Leon Boulevard
- Market: Coral Gables
- Square Footage: 17,650
- Price per Square Foot: $430
- Buyer: Monaco Management Group
- Seller: Elvis Mons
- Broker: Daniel A. Lopez - United Dream Real Estate
Key individuals involved in this transaction include Elvis Mons, who was the seller, and Monaco Management Group, serving as the buyer. The brokerage firm facilitating the transaction was represented by Daniel A. Lopez from United Dream Real Estate.
On the Map
$7,600,000
$430/SF
Office
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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
2.09%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93