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4217 Ponce de Leon Blvd, Co...

Frances Street Acquires Retail Property In Allapattah, South FL For $1.2M
SOLDRetail

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

Agustin Duarte

Re/Max

Broker

$89.7M

vol

25 deals

Broker

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