Manny Chamizo III Of ONE Sotheby's Intl Realty Sells Office In Coral Gables For $4.2M
329 Palermo Avenue, Coral Gables, Florida 33134, United States
$4,215,000
$423/SF
Building Size
9,958 SF
Asset Type
Office
Closing
Apr 26, 2022
About this deal
AI
The office property located at 329 Palermo Ave in Coral Gables has been sold for $4,215,000. The transaction took place on April 27, 2022. The property spans across 9,958 square feet, resulting in a price per square foot of $423. The sale was facilitated by Manny Chamizo III, a broker from ONE Sotheby's International Realty.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $4,215,000
- Address: 329 Palermo Ave, Coral Gables
- Market: Coral Gables
- Broker: Manny Chamizo III - ONE Sotheby's International Realty
Manny Chamizo III, from ONE Sotheby's International Realty, played a key role in facilitating the sale of the office property at 329 Palermo Ave. The successful transaction highlights the expertise and professionalism of Manny Chamizo III and the reputation of ONE Sotheby's International Realty in the Coral Gables market.
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
3.76%
Cash-on-Cash
-1.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93