Warburg Pincus' Chandler Joel Reedy Acquires SFR In Coral Gables For $7.75M With Reps From Engel & Völkers
300 Casuarina Concourse, Coral Gables, FL 33143, USA
$7,750,000
$118/SF
Building Size
65,340 SF
Asset Type
Single Family Residence
Closing
Apr 27, 2020
AI
The property located at 300 Casuarina Concourse in Coral Gables has been sold in a closed transaction. The seller, James Kaufman, represented the Harold Noordhoek trust, while the buyer, Chandler Joel Reedy, was represented by Warburg Pincus. The deal was facilitated by brokers Lourdes Alatriste and Matthew Elliott of Engel & Völkers.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $7,750,000
- Square Footage: 65,340
- Price Per Square Foot: $118
- Address: 300 Casuarina Concourse, Coral Gables
- Market: Coral Gables
Chandler Joel Reedy, representing the buyer Warburg Pincus, successfully acquired the property. James Kaufman, acting on behalf of the Harold Noordhoek trust, sold the property. The transaction was facilitated by brokers Lourdes Alatriste and Matthew Elliott from Engel & Völkers.
Players
South Miami Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.05%
Cash-on-Cash
-0.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93