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
Coral Gables 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
0.99%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93