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4070 Laguna Street

Updated Sep 9, 2024

Dulce Mascarinas Acquires Coral Gables Office For $5.9M
SOLDOffice

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

John Crotty

Avison Young

Broker

$1.6B

vol

53 deals

Broker

Coral Gables Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Deal FAQ

About $621 per square foot on a published $5.9M for 9,490 square feet (2022).

Visit Michael Fay to view all their deals.

Browse Coral Gables office sales on Traded.

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

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