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9375 Balada St, Coral Gable...

J. Michael Arrington Acquires Single Family Home In Coral Gables For $16M
SOLDSingle Family Residence

J. Michael Arrington Acquires Single Family Home In Coral Gables For $16M

9375 Balada St, Coral Gables, FL, USA

$16,000,000

$2,128/SF

Building Size

7,518 SF

Asset Type

Single Family Residence

Closing

May 13, 2021

AI

Located at 9375 Balada St in Coral Gables, this single-family property was recently sold in a closed transaction. The property spans 7,518 square feet, with a price per square foot of $2,128. The sale price totaled $16,000,000.

Summary of transaction details

  • Property Type: Single Family
  • Transaction Amount: $16,000,000
  • Address: 9375 Balada St
  • Market: Coral Gables
  • Square Footage: 7,518
  • Price Per Square Foot: $2,128

The buyer of the property was J. Michael Arrington, while the seller was Daniel Hughes, representing Metro Commercial. The buyer was represented by Matthew Elliott and Victor Olaniel from The Corcoran Group, and the seller was represented by Jessica Adams from One Sotheby's International Realty.

Players

Matthew Elliott

The Corcoran Group

Broker

$32M

vol

4 deals

Broker

J. Michael Arrington

Buyer

$25.6M

vol

2 deals

Buyer

Daniel Hughes

Metro Commercial

Seller

$33.5M

vol

2 deals

Seller

Coral Gables Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.99%

Cash-on-Cash

-0.28%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93