Jonathan De LaRosa & Eduardo Toledo Of Marcus & Millichap Facilitate $3.99M Sale Of Retail Property In Coral Gables
204 Valencia Avenue
$3,987,500
$692/SF
Building Size
5,755 SF
Asset Type
Retail
Closing
Apr 24, 2024
About this deal
AI
The retail property located at 204 Valencia Avenue in Coral Gables was sold in a transaction involving Game Properties as the buyer and Glen Spivey as the seller. The property spans 5,755 square feet and was sold for $3,987,500, slightly below the asking price of $4,000,000. The sale price per square foot was $693.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,987,500
- Buyer: Game Properties - Karina Garcia & Katrina Garcia
- Seller: Glen Spivey
- Brokers: Jonathan De LaRosa & Eduardo Toledo - Marcus & Millichap
- Address: 204 Valencia Avenue, Coral Gables
Jonathan De LaRosa and Eduardo Toledo from Marcus & Millichap represented the parties in this transaction, ensuring a successful deal for both the buyer and the seller.
On the Map
$3,987,500
$692/SF
Retail
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Players
Coral Gables Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.98%
Cash-on-Cash
-1.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93