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315 Miracle Mile

Keith Menin Of Menin Hospitality Sells Retail Property In Coral Gables For $5.1M
SOLDRetail

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:

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

Michael Silverman

The Comras Company

Broker

$29.6M

vol

5 deals

Broker
The Comras Company
The Comras CompanyBrokerage
Keith Menin

Keith Menin

Menin Hospitality

Seller

$154.1M

vol

12 deals

Seller

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