Javier Cardenal Sells Retail Property In Coral Gables For $2.5M
358 San Lorenzo Ave Coral Gables, FL 33146, USA
$2,500,000
Building Size
—
Asset Type
Retail
Closing
May 12, 2023
About this deal
AI
A retail property located at 358 San Lorenzo Avenue in Coral Gables has been sold for $2.5 million. The property is situated near The Shops of Merrick Park, offering a prime location in the upscale retail market.
Summary of transaction details
- Property Type: Retail
- Sale Price: $2,500,000
- Date: 05/13/2023
- Market: Coral Gables
- Broker: Javier Cardenal - Cardenal Realty Advisors
Javier Cardenal, the President-Broker of Cardenal Realty Advisors, facilitated the sale of this retail property. The transaction serves the buyer's expansion plans in the upscale retail market, taking advantage of its strategic location near The Shops of Merrick Park.
On the Map
$2,500,000
Retail
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93