Alex Uslar & Josh Soto Acquire Retail Property In Coral Gables For $1.98M
3000 Coral Way, Miami, FL 33145
$1,982,000
$432/SF
Building Size
4,586 SF
Asset Type
Retail
Closing
Feb 22, 2022
About this deal
AI
The retail property located at 3000 Coral Way # CU8 & CU9 in Coral Gables has been sold for $1,982,000. The property spans 4,586 square feet, resulting in a price per square foot of $432. The transaction took place on February 23, 2022.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $1,982,000
- Square Footage: 4,586
- Address: 3000 Coral Way # CU8 & CU9, Coral Gables
- Market: Coral Gables
The buyers of the property are Alex Uslar and Josh Soto. The sale was facilitated by Daniel Echague from Elite Sales Group RE.
Players
Miami 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
8.00%
Cash-on-Cash
-2.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93