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300 Casuarina Concourse, Co...

Warburg Pincus' Chandler Joel Reedy Acquires SFR In Coral Gables For $7.75M With Reps From Engel & Völkers
SOLDSingle Family Residence

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

Lourdes Alatriste

Douglas Elliman

Broker

$535.9M

vol

38 deals

Broker

James R. Kaufman

Seller

$14.1M

vol

3 deals

Seller

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