Christian Iacovelli Acquires Office Building In Coral Gables For $1.43M
SOLD
Florida
See Similar DealsOffice2,600 SF
Sold 04/25/2022
SOLD
Christian Iacovelli Acquires Office Building In Coral Gables For $1.43M
55 Merrick Way, Coral Gables, Florida 33134, United States
See Similar DealsOffice2,600 SF
Sold 04/25/2022
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$550
Total Square Footage:2,600 SF
Transaction Type:Sale
An office property located at 55 Merrick Way in Coral Gables has been sold for $1,430,000. The property spans 2,600 square feet, resulting in a price per square foot of $550. The transaction took place on 04/25/2022.
Summary of transation details
- Property Type: Office
- Transaction Amount: $1,430,000
- Square Footage: 2,600
- Price per Square Foot: $550
- Address: 55 Merrick Way, Coral Gables
Christian Iacovelli purchased the office property from Alvaro Castillo. The deal was facilitated by Mallory McGuire, a representative from ONE Sotheby's International Realty.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$76,266.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,080.48
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,778.93
Annual Debt Service$81,347.15
Is there something missing? Send suggestions
