Dulce Mascarinas Acquires Coral Gables Office For $5.9M
4070 Laguna Street
$5,900,000
$621/SF
Building Size
9,490 SF
Asset Type
Office
Closing
Nov 28, 2022
About this deal
AI
The office property located at 4070 Laguna St in Coral Gables has been sold in a transaction. The property spans over 9,490 square feet and was sold for a price of $5,900,000, resulting in a price per square foot of $622.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $5,900,000
- Address: 4070 Laguna St
- Market: Coral Gables
- Square Footage: 9,490
The buyer of the property is Dulce Mascarinas, while Thomas Culmo was the seller in this transaction. The deal was facilitated by a group of brokers, including Michael T. Fay, Brian C. de la Fé, John K. Crotty, and David Duckworth from Avison Young, as well as Daney Cabrera from The Daney Group - Keller Williams Realty.
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
2.69%
Cash-on-Cash
-0.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93