Frantz Telfort Of Old Bull Foundation Holdings 2 LLC Acquires Retail Unit In Coral Gables For $1.04M
4100 Salzedo Street, Ste 18
$1,040,000
$642/SF
Building Size
1,620 SF
Asset Type
Retail
Closing
Feb 23, 2025
AI
A retail unit located at 4100 Salzedo Street, STE 18 in Coral Gables was sold for $1,040,000. The property spans an area of 1,620 square feet and sits on a 3.52-acre lot, marking its presence in the Coral Gables market.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,040,000
- Buyer: Frantz Telfort - Old Bull Foundation Holdings 2 LLC
- Seller: Leena Dsouza - Dsouza Property of Coral Gables, LLC
- Broker: Arden Karson - Karson & Co
- Lender: Seacoast National Bank
- Square Footage: 1,620
- Price Per Square Foot: $642
Arden Karson of Karson & Co represented the buyer, Old Bull Foundation Holdings 2 LLC, in this transaction which included financing from Seacoast National Bank amounting to $532,000.
Players
Coral Gables Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
15.25%
Cash-on-Cash
-4.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93