Mocca Construction Acquires SFR In Coral Gables For $12.25M
SOLD
$12,250,000
Florida
See Similar DealsSingle Family Residence17,000 SF
Sold 07/31/2020
SOLD
Mocca Construction Acquires SFR In Coral Gables For $12.25M
340 Leucadendra Dr, Coral Gables, FL 33156, USA
See Similar DealsSingle Family Residence17,000 SF
Sold 07/31/2020
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$720
Total Square Footage:17,000 SF
Transaction Type:Sale
The property involved in the transaction is a single-family home located at 340 Leucadendra Drive in Coral Gables. The property spans 17,000 square feet and was sold for a price of $12,250,000, resulting in a price per square foot of $721.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $12,250,000
- Address: 340 Leucadendra Drive
- Market: Coral Gables
The seller of the property is Randall P. Fiorenza, representing Tiger Aircraft Trading. The buyer is Mocca Construction, represented by Alex Pirez. The transaction was facilitated by Sandra Fiorenza from One Sotheby's International Realty.
Players
BROKERAGE
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$653,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$43,521.67
Cash-on-Cash Return-1.27%
Monthly Debt Service$58,071.25
Annual Debt Service$696,855.00
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