Diagnostic Center For Women Leases Medical Office Space In Kendall By Pan American Companies
7500 Southwest 87th Avenue, Miami, Florida 33173, United States
Building Size
13,000 SF
Asset Type
—
Closing
Aug 23, 2022
About this deal
AI
A medical office property located at 7500 SW 87th Avenue in Kendall has been leased. The property, spanning 13,000 square feet, was leased by Diagnostic Center for Women. The landlord in this transaction is Pan American Companies, represented by Andres del Corral of Blanca Commercial Real Estate. The tenant was represented by Robert Orban and Zachary Talbot of Cresa. The lease was signed on 08/24/2022.
Summary of transaction details
- Property Type: Medical Office
- Address: 7500 SW 87th Avenue, Kendall
- Tenant: Diagnostic Center for Women
- Landlord: Pan American Companies
- Landlord's Representative: Andres del Corral - Blanca Commercial Real Estate
- Tenant's Representatives: Robert Orban & Zachary Talbot - Cresa
- Asking Rent: $50/ft.
- Square Footage: 13,000
The key individuals involved in this transaction include Andres del Corral, representing the landlord, and Robert Orban and Zachary Talbot, representing the tenant. Andres del Corral is associated with Blanca Commercial Real Estate, while Robert Orban and Zachary Talbot are from Cresa. The lease agreement was signed on 08/24/2022.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93