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Sam Nazarian Acquires Coral Gables SFR From Steven C. Marks For $14M

Property Image
SOLD
$14,000,000
Brett Harris
Audrey Ross
+ 1

Florida

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Single Family Residence9,694 SF
Sold 12/10/2020
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Property Image
SOLD

Sam Nazarian Acquires Coral Gables SFR From Steven C. Marks For $14M

8815 Arvida Drive, Coral Gables, FL, USA

See Similar Deals
Single Family Residence9,694 SF
Sold 12/10/2020
Brett Harris
Audrey Ross
+ 1
Contact now

Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,444
Total Square Footage:9,694 SF
Transaction Type:Sale

An exquisite SFR located at 8815 Arvida Drive in Coral Gables has recently been sold for a staggering amount of $14,000,000. This luxurious property boasts an impressive size of 9,694 square feet, offering ample space for its new owner, Sam Nazarian. With a price per square foot of $1,444, this transaction showcases the high-end nature of this Coral Gables gem.

Summary of transaction details

  • Property Type: SFR
  • Transaction Amount: $14,000,000
  • Address: 8815 Arvida Drive
  • Market: Coral Gables

Leading the way in representing the buyer, Sam Nazarian, were Brett Harris from Douglas Elliman and Jorge Uribe from One Sotheby's International Realty. On the other side of the deal, Audrey Ross from Compass served as the seller's representative, ensuring a smooth and successful transaction. This collaboration of esteemed industry professionals highlights the expertise and dedication involved in this sale.

Players

Brett Harris
16 deals$590M volume(305) 764-9401
BROKER

Jorge Uribe
Sotheby's International Realty
11 deals$187.4M volume(786) 371-8777
BROKER

Audrey Ross
Compass
6 deals$44M volume
BROKER

Details

SOLD
IMAGE: Jorge Uribe, Sam Nazarian, Brett Harris, & Audrey Ross DATE: 12/10/2020 ADDRESS: 8815 Arvida Drive MARKET: Coral Gables ASSET TYPE: SFR BUYER: Sam Nazarian SELLER: Steven C. Marks BUYER'S REP: Brett Harris - Douglas Elliman & Jorge Uribe - One Sotheby’s International Realty SELLER'S REP: Audrey Ross - Compass PRICE: $14,000,000 SF: 9,694 ~ PPSF: $1,444

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$49,739.05
Cash-on-Cash Return-1.27%
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