ONE Sotheby’s International Realty Sells Retail Property In Coral Gables For $5.4M
301 Altara Avenue, Coral Gables, Florida 33146, United States
$5,435,000
Building Size
—
Asset Type
Retail
Closing
Apr 25, 2022
About this deal
AI
The retail property located at 301 Altara Ave in Coral Gables has been sold for a price of $5,435,000. The transaction took place on April 26, 2022.
Summary of transaction details
- Property Type: Retail
- Sale Price: $5,435,000
- Address: 301 Altara Ave
- Market: Coral Gables
- Square Footage: 6,031 SF
- Price per Square Foot: $901
Manny Chamizo from ONE Sotheby's International Realty represented both the buyer and the seller in this transaction. Manny Chamizo is a broker associated with ONE Sotheby's International Realty.
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
2.92%
Cash-on-Cash
-0.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93