Frances Street Acquires Retail Property In Allapattah, South FL For $1.2M
4217 Ponce de Leon Blvd, Coral Gables, Florida 33146, United States
$1,200,000
$413/SF
Building Size
2,900 SF
Asset Type
Retail
Closing
Apr 28, 2022
AI
Located in Allapattah, South FL, the retail property at 4217 Ponce De Leon Blvd 2nd Floor has recently been sold. The transaction took place on 04/29/2022, with a sale price of $1,200,000. The property spans 2,900 square feet and is situated in a bustling market.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $1,200,000
- Square Footage: 2,900
- Address: 4217 Ponce De Leon Blvd 2nd Floor
- Market: Allapattah, South FL
The buyer of the property is Fraces Street, while the seller is Rio Verde. The deal was facilitated by Agustin Duarte from REMAX 360 and Rick Bonvie from Bonvie Realty.
Note: The image associated with the property is provided by Agustin Duarte.
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
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93