Michael Light, Arden Karson & Olga Granda Facilitate $5.7M Retail Sale In Coral Gables
2850 Salzedo Street
$5,700,000
$783/SF
Building Size
7,275 SF
Asset Type
Retail
Closing
Apr 29, 2024
AI
The retail property located at 2850 Salzedo Street in Coral Gables was recently sold for $5,700,000. Spanning 7,275 square feet, the property was transacted at a price per square foot of $784.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $5,700,000
- Address: 2850 Salzedo Street
- Market: Coral Gables
- SF: 7,275
- PPSF: $784
- Buyer's Rep: Arden Karson - Karson & Co ; Michael Light - Douglas Elliman
- Seller's Rep: Olga Granda - Odelphia
The deal was facilitated by Arden Karson from Karson & Co and Michael Light from Douglas Elliman, representing the buyer, while Olga Granda from Odelphia represented the seller in this transaction.
Players
Coral Gables Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.78%
Cash-on-Cash
-0.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93