Alex Hanna Acquires Coral Gables Office Building For $15M
4231 West Flagler Street, Miami, Florida 33134, United States
$15,000,000
$327/SF
Building Size
45,868 SF
Asset Type
Office
Closing
Apr 17, 2022
AI
The office building located at 4231 W Flagler St in Coral Gables, FL has been sold for a price of $15,000,000. The property spans a total of 45,868 square feet, resulting in a price per square foot of $372. The transaction took place on April 18, 2022.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $15,000,000
- Square Footage: 45,868
- Price Per Square Foot: $372
- Address: 4231 W Flagler St, Coral Gables, FL
- Market: Coral Gables, FL
Alex Hanna has acquired the property, while Mike Mouriz, Rey Mouriz, and Henry Puig were the sellers. The deal was facilitated by brokers Neyda Bravo from Bravo & Partners Realty and Jorge Cruz.
Players
Miami Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93