Keith Menin Of Menin Hospitality Sells Retail Property In Coral Gables For $5.1M
315 Miracle Mile
$5,100,000
$1,047/SF
Building Size
4,870 SF
Asset Type
Retail
Closing
Aug 15, 2025
AI
A retail property located at 315 & 317 Miracle Mile in Coral Gables, comprising a total of 4,870 square feet, has been sold for $5,100,000, equating to a price per square foot of $1,047. The property is currently leased to tenants Bodega Taqueria Y Tequila and GoodVets, who maintain long-term leases.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $5,100,000
- Address: 315 & 317 Miracle Mile
- Market: Coral Gables
- Square Feet: 4,870
- Price Per Square Foot: $1,047
- Seller: Keith Menin - Menin Hospitality
- Buyer's Representative: Rodrigo Ignacio Guerrero Falcon - Azora Private Solutions
- Brokers: Michael Silverman & Jeff Evans - The Comras Company
The transaction involves key individuals, with Keith Menin of Menin Hospitality as the seller. The buyer was represented by Rodrigo Ignacio Guerrero Falcon from Azora Private Solutions. The brokers facilitating the sale were Michael Silverman and Jeff Evans from The Comras Company. This property marks the second trade within approximately 26 months.
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
3.11%
Cash-on-Cash
-0.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93