Market Activity Since January-June 2024
Coral Way between Coral Gables and Brickell, and 27th Ave between Flagler and US-1
1142-1148 SW 27th Ave
Recorded Date: 1/2/2024
Property Type: Retail
Size: 7,526 SF on 0.33 acres
Sale Price: $2,425,000
$/SF: $322
$/Acre: $7,348,485
Notes: Mixed-use retail and 8-unit multifamily with two 2-story and one 1-story buildings built in 1925, 1935, and 1946. The property was acquired by an entity tracing to Anthony Lopez and Jessica Lopez from George Venero and Margaret Venero with a new debt of $1,425,000 seller-carried.
1566 SW 22nd St
Recorded Date: 1/17/2024
Property Type: Office
Size: 2,738 SF on 0.13 acres
Sale Price: $1,600,000
$/SF: $584
$/Acre: $12,307,692
Notes: This 2-story office building, constructed in 1938, was sold by an entity tracing to Iron City Group (contact: Damian Najman) to Gunther Calvente Grineberg.
1835 SW 22nd St
Recorded Date: 1/18/2024
Property Type: Office
Size: 1,031 SF on 0.06 acres
Sale Price: $670,000
$/SF: $650
$/Acre: $11,166,667
Notes: A single-story medical office built in 1961, was bought by an entity tracing to Danae Vital. The seller, tracing to Gina Marcus, previously acquired it for $740,000 on 10/22/2019.
1059-1067 SW 27th Ave
Recorded Date: 3/28/2024
Property Type: Retail
Size: 7,179 SF on 0.44 acres
Sale Price: $3,200,000
$/SF: $446
$/Acre: $7,272,727
Notes: A retail strip with a multi-tenant building built in 1945. The property was purchased by Alexis Falero and Caridad Falero from Derick Ferrao and Yvonne Ferrao with new debt of $1,600,000 seller-carried. The previous sale was for $1,575,000 on 3/17/2016.
1395 SW 22nd St – FOR SALE – $4,900,000
Recorded Date: 4/16/2024
Property Type: Office
Size: 8,934 SF on 0.18 acres
Notes: A two-story office building built in 1972 is not subject to a foreclosure auction yet, but the owners have received a foreclosure notice. The mortgage, originating on 08/09/21 with Safe Harbor Equity, has a remaining balance of $2,805,000. The borrower entity traces to Rolando Chirino.
1457 SW 27th Ave
Recorded Date: 4/18/2024
Property Type: Office
Size: 1,752 SF on 0.15 acres
Sale Price: $1,390,000
$/SF: $793
$/Acre: $9,266,667
Notes: A single-story office built in 1952, purchased by Ana Lanzas et al from Arnaldo Zuccaro, who bought it for $1,040,000 on 3/17/2022.
3126-3130 SW 22nd St
Recorded Date: 5/2/2024
Property Type: Office
Size: 2,440 SF on 0.34 acres
Sale Price: $1,900,000
$/SF: $779
$/Acre: $5,588,235
$/Lot: $128
Notes: A single-story office building from 1946, sold by Frank Diaz to Enrique Acosta with new debt of $1,200,000 seller-carried.
1300-1312 SW 22nd St
Recorded Date: 5/16/2024
Property Type: Office
Size: 21,183 SF on 0.77 acres
Sale Price: $6,000,000
$/SF: $283
Notes: The property includes two single-story medical office buildings built in 1944 and 1954.
Andalusia Condo – Unit 3-E
Recorded Date: 5/21/2024
Property Type: Office
Size: 1,223 SF
Sale Price: $725,000
$/SF:593
Notes: Third floor office condo.
1833-1859 SW 3rd Ave (0.86 Acres)
Recorded Date: 6/12/2024
Property Type: Land
Size: 37,500 SF (0.86 acres)
Sale Price: $14,000,000
$/Acre: $16,279,070
$/Lot: $373
Notes: The commercial land, zoned T6-8-O, was purchased by an entity tracing to Mashud Mezerhane et al from an entity tracing to Jose Maria Carneiro Da Cunha et al.
For more info on any of these sales or to find out how sales and leasing activity affects the value of your property, contact me today.
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