Alfredo Menocal Acquires Office Building In Coral Gables For $4.5M
350 Sevilla Avenue, Coral Gables, Florida 33134
$4,500,000
$490/SF
Building Size
9,167 SF
Asset Type
Office
Closing
May 12, 2022
About this deal
AI
The office property located at 350 Sevilla Ave in Coral Gables has been sold for a total price of $4,500,000. The transaction took place on 05/12/2022. The property spans a total area of 9,167 square feet, resulting in a price per square foot of $491. The buyer of the property is Alfredo Menocal, Esq., while the seller is Hector Fortun. The deal was facilitated by Manny Chamizo from ONE Sotheby’s International Realty.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $4,500,000
- Address: 350 Sevilla Ave, Coral Gables
- Market: Coral Gables
- Buyer: Alfredo Menocal, Esq.
- Seller: Hector Fortun
- Broker: Manny Chamizo - ONE Sotheby’s International Realty
- Square Footage: 9,167
- Price per Square Foot: $491
Manny Chamizo, representing ONE Sotheby’s International Realty, played a crucial role in facilitating the transaction between Alfredo Menocal, Esq. and Hector Fortun. The office property, located at 350 Sevilla Ave in Coral Gables, offers a spacious area of 9,167 square feet for business activities. With a selling price of $4,500,000, this transaction marks a significant deal in the Coral Gables market.
Coral Gables Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
Visit Manny Chamizo III to view all their deals.
Browse Florida office sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93