Opterra Capital Acquires Condo Portfolio In Miami For $9.15M
SOLD
$9,150,000
Florida
See Similar Deals990 SF
Sold 10/11/2021
SOLD
Opterra Capital Acquires Condo Portfolio In Miami For $9.15M
6861 Southwest 44th Street, Miami, FL 33155, USA
See Similar Deals990 SF
Sold 10/11/2021
Summary
FLORIDA
Price Per Square Foot:$9,242
Total Square Footage:990 SF
Transaction Type:Sale
A 39-unit condo property located at 6821, 6851, and 6861 S.W. 44th Street in Miami has been sold for a total of $9,150,000. The buyer of the property is Opterra Capital, LLC. The transaction was facilitated by broker Rosendo Caveiro from Avison Young. The sale price equates to an average price per unit of $234,615.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $9,150,000
- Address: 6821, 6851, and 6861 S.W. 44th Street, Miami
- Market: Miami
- Buyer: Opterra Capital, LLC
- Broker: Rosendo Caveiro - Avison Young
- Units: 39
- Price per Unit: $234,615
With this transaction, Opterra Capital, LLC expands its portfolio in the condo market in Miami. The involvement of Rosendo Caveiro from Avison Young as the broker highlights the importance of professional representation in such deals.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$487,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$32,508.02
Cash-on-Cash Return-1.27%
Monthly Debt Service$43,375.67
Annual Debt Service$520,508.02
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